This Week: United Airlines, Procter & Gamble, PPG results
Jan 16, 2023, 10:10 AM | Updated: Jan 17, 2023, 12:11 am
A look at some of the key business events and economic indicators upcoming this week:
United Airlines
United Airlines reports its fourth-quarter earnings on Tuesday.
Analysts surveyed by FactSet expect the Chicago-based carrier will report a third quarter of profitable growth, after suffering nine straight quarters of losses. United is forecast to have made $2.11 a share last quarter, compared to a $1.60-a-share loss a year ago. United shares are up over 35% since it reported its third-quarter results in October.
Procter & Gamble
Procter & Gamble is due to report its second-quarter results Thursday.
The Cincinnati-based maker of Tide detergent and Bounty paper towels is expected to report its profit fell for a second straight quarter to $1.58 a share, down from $1.66 a year ago. In the first quarter Procter & Gamble exceeded $20 billion in sales but said due to the strong dollar it expects to post its first annual sales decline this year since 2017. Its stock is up about 16% since it reported first-quarter results in October.
PPG
PPG Industries, owner of Pittsburgh-based paint maker Glidden, is scheduled to report its fourth-quarter results Thursday.
PPG will likely report a sixth straight quarter of declining profit, according to analysts surveyed by FactSet. It’s forecast to have made $1.13 a share last quarter, down from $1.26 a year ago. Its shares are up about 15% since October, when it forecast improving operating margin recovery in the fourth quarter and into 2023.
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