(Reuters) - WestRock beat quarterly profit expectations on Thursday, helped by higher prices, easing input costs and a recovery in demand for its paper packaging products, sending its shares up 6% premarket.
The company, which is being acquired by Ireland-based Smurfit Kappa for $11 billion, has redirected its focus toward bolstering its corrugated packaging portfolio and implemented cost-saving measures by shutting a few of its paper mills in the... (continue reading...)
(Reuters) -Intercontinental Exchange reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading.
The conflict in the Middle East has resulted in a reshaping of the global commodities and energy markets, significantly raising volatility as investors assess the impact of shifting supply chains.
Energy trading volumes surged a record 27% with gains across segments,... (continue reading...)
(Reuters) - Freshworks' shares plunged nearly 30% in premarket trading on Thursday after the CRM software maker cut its full-year revenue forecast and named a new CEO.
The company now expects annual revenue between $695 million and $705 million, compared with its previous forecast of $703.5 million to $711.5 million.
Freshworks said on Wednesday that Dennis Woodside will take over as CEO and founder Girish Mathrubootham will be the... (continue reading...)
By Tora Agarwala
GUWAHATI, India (Reuters) - India on Thursday deported the first group of Myanmar refugees who had sought shelter after a 2021 military coup, a top state minister said, following weeks of efforts that were hampered by fighting between Myanmar's rebel forces and the ruling junta.
Thousands of civilians and hundreds of troops from Myanmar have crossed the border to India after the coup. This has worried New Delhi, which... (continue reading...)
(Reuters) - Quanta Services raised its annual revenue and profit forecasts on Thursday, encouraged by strong demand for its construction and engineering services from the renewable energy and electric power industries.
With companies increasingly tapping into new technologies and federal and state policies pushing for an accelerated shift to clean energy, demand for electric power infrastructure has grown in the United States.
Growing... (continue reading...)
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