RBC and Hormel Post Q1 Earnings Beats as Danske Bank Trims Workforce

Key TakeawaysRoyal Bank of Canada (RY) reported a record Q1 net income of CAD 5.79 billion, beating analyst expectations with an adjusted EPS of CAD 4.08 against a CAD 3.85 estimate.Hormel Foods (HRL) delivered an earnings beat with adjusted EPS of $0.34, though net sales of $3.03 billion slightly missed the $3.07 billion consensus.Danske Bank (DANSKE) announced the elimination of 420 positions across seven countries, citing a strategic shift toward automation and digital efficiency.Amazon (AMZN) committed ...