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Breaking News: Earnings

Moderna beats estimates but slashes guidance on low EU sales, competitive U.S. vaccine market

Moderna beats estimates but slashes guidance on low EU sales, competitive U.S. vaccine market

Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a “competitive environment” for respiratory vaccines in the U.S. and the potential for deferred international revenue into 2025.  The biotech company now expects 2024 product revenue to come in between $3 billion to $3.5 […]

Moderna beats estimates but slashes guidance on low EU sales, competitive U.S. vaccine market Read More »

Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped

Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped

Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 11% in extended trading on Wednesday after the chip-architecture maker issued light earnings guidance for the current quarter and the full fiscal

Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped Read More »

Boeing is set to report results before the market opens. Here’s what Wall Street expects

Boeing is set to report results before the market opens. Here’s what Wall Street expects

A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024. Justin Tallis | AFP | Getty Images Boeing is set to report results before the market opens on Wednesday. Analysts are expecting another loss and lower revenue for the

Boeing is set to report results before the market opens. Here’s what Wall Street expects Read More »

Starbucks revenue misses estimates as same-store sales decline for second straight quarter

Starbucks revenue misses estimates as same-store sales decline for second straight quarter

Starbucks glass art on a store in Tokyo. Jakub Porzycki | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose 2.5% in extended trading. Here’s what the company reported compared with what Wall Street was

Starbucks revenue misses estimates as same-store sales decline for second straight quarter Read More »

Merck beats earnings expectations, raises sales outlook on strong demand for top drugs like Keytruda

Merck beats earnings expectations, raises sales outlook on strong demand for top drugs like Keytruda

The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Merck on Tuesday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations as it saw strong sales from its blockbuster cancer drug Keytruda as well as other treatments in its oncology

Merck beats earnings expectations, raises sales outlook on strong demand for top drugs like Keytruda Read More »

Pfizer beats earnings estimates, hikes full-year outlook as drugmaker cuts costs

Pfizer beats earnings estimates, hikes full-year outlook as drugmaker cuts costs

Kena Betancur | Corbis News | Getty Images Pfizer on Thursday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid antiviral pill, Paxlovid, and strong non-Covid product sales. The company now expects to book adjusted earnings of $2.45 to $2.65

Pfizer beats earnings estimates, hikes full-year outlook as drugmaker cuts costs Read More »

McDonald’s is about to report earnings. Here’s what to expect

McDonald’s is about to report earnings. Here’s what to expect

A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s

McDonald’s is about to report earnings. Here’s what to expect Read More »

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