Snowflake stock jumped late Wednesday after the data analytics company gave a mixed first-quarter report. Earnings came in below analyst expectations, but revenue exceeded consensus. Snowflake (SNOW) boosted its sales outlook for the rest of the year. X The software firm said that it earned an adjusted 14 cents per share on sales of $828.7 million […]
Virgin Galactic Reports Better-Than-Expected Q1 Results Virgin Galactic Holdings, Inc. (NASDAQ:SPCE) reported its first-quarter financial results after the bell Tuesday. Here’s a look at the highlights. The Details: Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%. Quarterly sales came in […]
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit. The drugmaker also hiked its forecast for 2024 well beyond analyst expectations after sales of Mounjaro more than tripled in the year’s first quarter. Lilly said it was still dealing with supply […]
Beyond Meat shares soared Tuesday as investors cheered better-than-expected fourth quarter revenue and a new, healthier burger that could help revive U.S. sales. The plant-based meat maker’s stock jumped more than 78% in after-market trading. The El Segundo, California-based company said its revenue for the October-December period fell 8% to $73.7 million. But that was […]
Airbnb stock traded sideways late Tuesday after travel website reported better-than-expected sales. The company’s leaders had previously warned the the December quarter could be a difficult one. X Airbnb (ABNB) reported an adjusted loss of 55 cents per share on $2.22 billion in fourth-quarter sales. On average, analysts polled by FactSet expected San Francisco-based Airbnb to […]
The popular diabetes treatment Mounjaro pushed Eli Lilly past fourth-quarter forecasts, and the drugmaker expects 2024 to turn out largely better than expected too, as new products build momentum. Lilly debuted on Tuesday a forecast for the new year that calls for adjusted earnings ranging from $12.20 to $12.70 per share as its new weight-loss […]
By Michael Erman (Reuters) -Drugmaker Bristol Myers Squibb on Friday posted better-than-expected results for the fourth quarter as sales of its new anemia drug Reblozyl and its already off patent blood cancer drug Revlimid outperformed Wall Street forecasts. Shares of the New Jersey-based company rose 3.5% to $50.36 in premarket trading. The company, which announced […]
IBM stock jumped late Wednesday after the tech giant reported better-than-expected fourth quarter results and touted the progress of its artificial intelligence products. X In a news release, IBM (IBM) said it earned an adjusted $3.87 per share on $17.4 billion in fourth-quarter sales. On average, analysts polled by FactSet expected the Armonk, N.Y.-based company […]
CONCORD, NEW HAMPSHIRE – JANUARY 23: Republican presidential candidate former U.N. Ambassador Nikki Haley delivers remarks at her primary night rally at the Grappone Conference Center on January 23, 2024 in Concord, New Hampshire. New Hampshire voters cast their ballots in their state’s primary election today. With Florida Governor Ron DeSantis dropping out of the […]
NEW YORK — New York City Mayor Eric Adams is set to release a $109.4 billion budget that contains far less doom and gloom than he had originally warned of, according to several people familiar with the blueprint the mayor is unveiling Tuesday afternoon. In short: Higher revenue projections, less money spent on migrants and […]