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Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar

Eli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Shares of Eli Lilly jumped more than 11% in premarket trading Thursday. The drugmaker now expects revenue for the […]

Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar Read More »

Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium

Business News

Under Armour on Thursday said quarterly sales fell 14% in North America, and adjusted its full-year profit guidance after settling a years-old securities lawsuit for $434 million. Still, the company beat Wall Street’s expectations on the top and bottom lines. Here’s how the athletic apparel company did in its first fiscal quarter compared with what

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Restaurant Brands revenue tops estimates, fueled by Tim Hortons

Business News

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled by better-than-expected sales at Tim Hortons and the company’s international restaurants. Shares of the company

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CVS slashes profit outlook on higher medical costs, says top Aetna executive will leave

Business News

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024. Patrick T. Fallon | AFP | Getty Images CVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit outlook, citing higher medical costs that have been squeezing

CVS slashes profit outlook on higher medical costs, says top Aetna executive will leave Read More »

Disney reports earnings before the bell. Here’s what to know

Business News

The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images Disney reports earnings before the bell, and Wall Street will be paying close attention to the

Disney reports earnings before the bell. Here’s what to know Read More »

Rivian tops Wall Street’s second-quarter expectations amid cost cuts

Business News

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company

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Intel to cut 15% of headcount, reports quarterly guidance miss

Technology News

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 13% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of

Intel to cut 15% of headcount, reports quarterly guidance miss Read More »

Apple set to report fiscal third-quarter earnings after the bell

Technology News

Apple’s third quarter, which ends in June, is traditionally the company’s slowest quarter of the year by sales. This year, the “main event” won’t be Apple’s earnings, wrote Barclays analyst Tim Long, it’s what the company says about the September quarter, which is nearly one-third over. Here’s what Wall Street expects from Apple, according to LSEG

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Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction

Business News

Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company’s cost cuts showed progress and sales of its breakthrough Alzheimer’s drug, Leqembi, and other new products beat expectations. Biogen now expects full-year adjusted earnings to come in at $15.75 to $16.25 per share, up from a

Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction Read More »

Wayfair CEO likens home goods slowdown to 2008 financial crisis: ‘Customers remain cautious’

Business News

The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty Images Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis. “Our credit card data suggests

Wayfair CEO likens home goods slowdown to 2008 financial crisis: ‘Customers remain cautious’ Read More »

Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar

Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium

Restaurant Brands revenue tops estimates, fueled by Tim Hortons

Disney reports earnings before the bell. Here’s what to know

Rivian tops Wall Street’s second-quarter expectations amid cost cuts

Intel to cut 15% of headcount, reports quarterly guidance miss

Apple set to report fiscal third-quarter earnings after the bell

Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction

Wayfair CEO likens home goods slowdown to 2008 financial crisis: ‘Customers remain cautious’

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