Stock Market Today: Bud Light Maker, Reddit, Lyft Shares Up

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The beer giant reported an increase in global revenue despite Bud Light sales in the U.S. falling amid boycotts

Major U.S. indexes opened lower on Wednesday as another busy day of earnings kicked off.First-quarter earnings season is nearing an end but there were still plenty of twists and turns for investors.Read more: Compare the Best Growth StocksIt was a case of two roads diverging for car-hailing companies Uber and Lyft.

The drinks giant reported a $200 million increase in profit.The firm's overall growth came despite a 9.1 percent decline in revenue in the U.S., as boycotts of the light beer hampered sales.In a statement accompanying the earnings report, CEO Michel Doukeris said: 'The strength of the beer category, our diversified global footprint and the continued momentum of our megabrands delivered another quarter of broad-based top- and bottom-line growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asia stocks rise with market focus on signs of interest rate cutAsia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low.
Source: AP - 🏆 728. / 51 Read more »