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Reynolds Consumer Products: Q1 Earnings Snapshot

By The Associated Press

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Reynolds Consumer Products Inc. (REYN) on Wednesday reported profit of $59 million in its first quarter.

The Lake Forest, Illinois-based company said it had net income of 28 cents per share.

The company posted revenue of $877 million in the period.

For the current quarter ending in June, Reynolds Consumer Products expects its per-share earnings to range from 39 cents to 43 cents.

The company expects full-year earnings in the range of $1.57 to $1.63 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REYN at https://www.zacks.com/ap/REYN

Japanese video-game maker Nintendo raises Switch price, forecasts lower profits

By The Associated Press
TOKYO (AP) — Nintendo’s annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software, the company announced Friday. The Japanese video-game company behind the Super Mario and Pokemon franchises also announced it was raising prices, citing challenging business conditions. It recorded a 424 billion yen ($2.7 billion) net profit for the fiscal year that ended in March, up from nearly 279 billion yen the year before. Annual sales rose 99% to 2.3 trillion yen ($15 billion) from 1.2 trillion yen a year earlier, as demand for Switch 2 held up, although sales for the first-generation Switch declined.
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