Brown-Forman Corp shares are ticking lower after the company reported fourth-quarter FY24 earnings and provided an outlook. The company reported a fourth-quarter FY24 sales decline of 8% year-on-year to $964 million, missing the analyst consensus estimate of $1.031 billion. EPS of $0.56 beat the analyst consensus estimate of $0.41. The gross margin contracted about 180 basis points Y/Y to 59%....

Prominent investor Ron Baron has come out in support of Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, according to an open letter from the Baron Capital founder on Tuesday. WHY IT'S IMPORTANT Musk's enormous pay, approved in 2018 but voided by a Delaware judge earlier this year, remains contentious. Musk...

LONDON/NEW YORK, June 5 (Reuters) - The London Stock Exchange Group ( LDNXF ) and S&P Global ( SPGI ) are among potential bidders for data provider Preqin, four people with knowledge of the situation said. The owners of the UK data firm that focuses on the private equity industry are considering options including a full sale of the business,...

(Reuters) - Jack Daniel's maker Brown-Forman ( BF/A ) beat fourth-quarter profit expectations on Wednesday, as price hikes on its premium whiskey and tequila helped offset waning demand, sending the company's shares up 3% in premarket trading. Gains from price hikes across the portfolio and lower supply chain costs helped the company counter higher raw materials costs such as agave,...