A bevy of new earnings reports brings interesting news about the state of the economy:
- “Colgate 3Q profit rises 18% amid higher prices, prior-year charges.”
- “Lower costs and higher prices help [glass manufacturer] Owens-Illinois.”
- “Panera Bread 3Q profit climbs on higher prices.”
- “Higher selling prices and lower commodity costs boost Kimberly-Clark’s 3Q profit.”
- “Coca-Cola Enterprises Inc.’s third-quarter earnings rose 15%, helped by continued strong growth in Europe and price increases that boosted margins.”
- “Swedish home-appliances maker Electrolux AB Monday posted a stronger-than-expected 93% rise in third-quarter net profit on the back of cost cuts, higher prices and lower raw-material costs…”
- “Philip Morris, Reynolds beat profit estimates on higher prices.”
- “Hynix Semiconductor Inc., the world’s No. 2 memory chip maker, reported its first quarterly profit in two years on Friday, bolstered by higher product prices.”
- “Procter & Gamble Co. reported Thursday first-quarter net income fell 1% as higher prices offset a decline in sales volume and currency translations.”
Notice a pattern here?
More:
- “Samsung Electronics Co., Asia’s biggest maker of chips, flat screens and mobile phones, said profit tripled to a quarterly record as the global economic recovery spurred a rebound in prices.“
- “Chocolate maker Hershey Co., helped by price increases and lower costs, reported Thursday that third-quarter profit rose 30% from last year and its raised its full-year profit outlook.”
Dr. Duru