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Added on the 09/11/2020 09:31:42 - Copyright : Wochit
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Introducing breakfast all day helped McDonald's expand same-store sales in the U.S. for the first time in two years. Fred Katayama reports.
Merck posted better than expected sales and profit. The company getting a boost from its diabetes drug Januvia, but strong dollar concerns linger. Shartia Brantley reports.
Shares of Pepsi are up two percent, after the company posted better-than-expected fourth-quarter results despite the effects of a stronger dollar.
European foreign policy chief Josep Borrell gives a press conference in Capri, Italy, ahead of the Foreign Affairs Ministers' Meeting in which he says that the Western countries "have to take quicker decisions in order to support Ukraine more because we cannot afford Putin's victory in Ukraine." SOUNDBITE
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