By Max A. Cherney and Stephen Nellis (Reuters) -Chip designer Arm Holdings gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street’s expectations, but its full-year forecast was below expectations. Shares of Arm fell about 4% in extended trading after the report. For the current fiscal first quarter, Arm forecast revenue in a […]
A Mega Millions ticket sold in Arizona won $1 million, narrowly missing out on the $306 million jackpot, lottery officials say. The ticket matched five winning numbers in the drawing Tuesday, May 7, but not the Mega Ball, the Arizona Lottery said. Nobody won the grand prize, which rises to an estimated $331 million, with […]
(Adds detail, reiterates 2024 outlook, share reaction) By Steven Scheer JERUSALEM, May 8 (Reuters) – Teva Pharmaceutical Industries reported a smaller than expected rise in first-quarter profit citing higher impairments of tangible assets, while sales of copycat medicines and its branded drugs to treat migraines and Huntington’s disease rose. The world’s largest generic drugmaker said […]
(Bloomberg) — Coupang Inc., facing mounting competition in e-commerce, declined in late trading after first-quarter earnings came in shy of analysts’ estimates. Most Read from Bloomberg Adjusted earnings before interest, taxes, depreciation and amortization rose 17% to $281 million, the company said in a statement Tuesday. Analysts had projected $283.3 million. Net income plunged 95% […]
(Reuters) -Nikola missed Wall Street expectations for first-quarter revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook and reduced spending by customers. The company reported revenue of $7.5 million, missing expectations of $15.8 million, according to LSEG data. Its shares fell 5.8% before the bell. […]
The Republican National Committee’s new co-chair Lara Trump appeared to misunderstand how elections work on Fox News Sunday while defending a lawsuit filed in the state of Nevada last week by the RNC and the Trump campaign. On Friday, the Republican National Committee, Trump Campaign, and Nevada Republican Party announced the suit against the Nevada […]
A Mega Millions ticket sold in South Dakota won $1 million, narrowly missing out on the $284 million jackpot, lottery officials say. The ticket matched five winning numbers in the drawing Friday, May 3, but not the Mega Ball, the national Mega Millions site said. Nobody won the grand prize, which rises to an estimated […]
Novo Nordisk (NVO) stock was trading down Thursday despite strong first quarter results, beating Wall Street consensus, led by the blockbuster GLP-1s Ozempic for diabetes and Wegovy for weight loss. Novo posted total sales up 25%, totaling $9.5 billion in revenue from all of its drugs and beating estimates of $9.2 billion. Wegovy brought in […]
(Adds details and background on Eylea in paragraphs 5 and 7, sales of other drugs in paragraphs 8 and 9) May 2 (Reuters) – U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for first-quarter profit on Thursday, due to softer sales of its blockbuster eye drug Eylea and its eczema treatment Dupixent. The company […]
The Premier League has missed out on a fifth Champions League spot for next season to the Bundesliga. One club from each of the two countries who collectively perform best in European club competition this season are granted additional places in the new-look 36-team league phase being introduced for the 2024-25 season. Borussia Dortmund’s semi-final […]
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on Tuesday, hurt by a shortage of some crucial components and questions over the profitability of a new line of servers. Shares of Super Micro, which have more than tripled in value so far this year, […]
(Bloomberg) — Advanced Micro Devices Inc. shares declined as much as 9.1% in extended trading after the chipmaker gave a disappointing forecast for artificial intelligence processors, a lucrative market now dominated by Nvidia Corp. Most Read from Bloomberg The company projected that its MI300 lineup — a family of so-called AI accelerators — will generate […]