This Week: United Airlines, Procter & Gamble, PPG results
A look at some of the key business events and economic indicators upcoming this week:
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 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.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.