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Wednesday, May 1
by
SRN News
Pfizer lifts profit view on cost cuts, smaller drop in demand for COVID products
(Reuters) -Pfizer lifted its annual profit forecast, banking on cost cuts, a smaller-than-feared drop in sales for its COVID antiviral treatment and strong demand for pneumonia vaccine, sending its shares up about 2% before the bell on Wednesday. Shares of the U.S. drugmaker have ...
Wednesday, May 1
by
SRN News
Pfizer lifts 2024 profit view on cost cuts, higher COVID vaccine demand
(Reuters) -Pfizer lifted its annual profit forecast on Wednesday, banking on cost cuts and better-than-expected demand for its COVID antiviral treatment and vaccine. The U.S. drugmaker’s shares rose nearly 3% before the bell after the company said it expects adjusted earnings per share of ...
Wednesday, May 1
by
SRN News
Estee Lauder lifts annual profit view on US, China demand recovery
(Reuters) -Estee Lauder raised its annual profit forecast and beat Wall Street targets for third-quarter sales on Wednesday, as demand for the MAC lipstick maker’s higher-priced skincare and fragrances rebounded in the U.S. and Asia Pacific markets. Shares of the New York-based company were up ...
Tuesday, April 30
by
SRN News
Stryker lifts 2024 profit forecast on strong demand for medical devices, implants
(Adds media packaging code) (Reuters) – Stryker Corp lifted its full-year profit forecast on Tuesday, owing to resilient demand for the company’s medical devices and implants. The joint-implant maker now sees its annual profit per share to be between $11.85 ...
Tuesday, April 30
by
SRN News
Starbucks cuts annual sales forecast as demand cools in key US, China markets
By Juveria Tabassum (Reuters) -Starbucks on Tuesday cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand for its coffees in the United States and China, its two biggest ...
Tuesday, April 30
by
SRN News
Marathon Petroleum beats Q1 profit estimates on elevated fuel demand, tight supplies
By Arunima Kumar (Reuters) -Top U.S. refiner Marathon Petroleum beat first-quarter profit estimates on Tuesday, as demand for refined products remained at high levels and global fuel supplies tightened due to refinery maintenance activities and disruptions in Russia. The refiner also announced a $5 billion increase ...
Tuesday, April 30
by
SRN News
Eli Lilly lifts 2024 sales view by $2 billion on weight-loss drug demand
(Reuters) -Eli Lilly raised its annual revenue forecast by $2 billion on Tuesday due to strong demand and plans to increase production of its weight-loss treatment Zepbound and related diabetes drug Mounjaro, lifting its shares about 7% premarket. Sky-rocketing demand for Mounjaro and ...
Tuesday, April 30
by
SRN News
Coca-Cola raises annual organic sales forecast on global demand, higher prices
(Reuters) -Coca-Cola raised its annual organic sales forecast on Tuesday, signaling strong global demand for its pricey sodas and juices, sending the company’s shares up 2% in premarket trading. The company is seeing demand in the U.S. surge mainly in the away-from-home category as consumers ...
Tuesday, April 30
by
SRN News
Shift to new models, weak demand hit Europe’s top automakers
By Nick Carey and Christoph Steitz LONDON/FRANKFURT (Reuters) – European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker ...
Tuesday, April 30
by
SRN News
Shift to new models, weak demand hit Europe’s automakers
By Nick Carey LONDON (Reuters) – Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand for new cars as interest rates remain high. The news ...
Monday, April 29
by
SRN News
Israel-Hamas war protesters arrested in Texas, others defy Columbia University demand to leave camp
NEW YORK (AP) — Colleges around the U.S. implored pro-Palestinian student protesters to clear out tent encampments with rising levels of urgency Monday, as police made more arrests at the University of Texas and Columbia University said it was beginning to suspend students who ...
Monday, April 29
by
SRN News
As new Haiti leadership takes power, gangs demand a seat at the table
PORT-AU-PRINCE (Reuters) – Haiti’s new transition council is set to choose the country’s next president on Tuesday, but leaders of the gangs who have exerted increasing control are clamoring for political influence and amnesties and threatening violence if their demands ...
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