Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Eli Lilly's Zepbound and Mounjaro are no longer in shortage. Here's where their sales still disappointed

Eli Lilly blamed the misses on drug wholesalers cutting inventory of Zepbound and Mounjaro.

Business - CNBC - 1 hour ago

FDA will reconsider decision barring copycat versions of Lilly weight loss drug

The Food and Drug Administration (FDA) said it will reconsider its decision to remove Eli Lilly’s blockbuster weight loss and diabetes drug from its official shortage list and allow compounding ...

Politics - The Hill - October 14

Lilly's weight loss drug shortage deemed over, but hurdles remain

Some patients fear tirzepatide, sold by Eli Lilly under the brand names Zepbound and Mounjaro, will be hard to get and prohibitively expensive once compounding pharmacies are no longer producing it.

GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance

GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

Business - CNBC - October 22

Coinbase shares tumble as muted crypto trading leads to a third-quarter miss

Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.

Business - CNBC - 9 minutes ago

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.

Business - CNBC - 6 days ago

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses

JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.

Business - MarketWatch - Yesterday

Super Micro’s troubles build as auditor resigns, sending stock tumbling 30%

Super Micro filing indicates Ernst & Young flagged governance concerns back in July, which was before a short seller’s report put them on the minds of investors.

Business - MarketWatch - 6 hours ago

Chipotle misses revenue estimates as same-store sales growth disappoints

Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.

Business - CNBC - 8 hours ago

Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.

Business - CNBC - Yesterday

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - Yesterday

Traton Gains After Results Beat Estimates

Traton shares rose after the truck maker’s supply issues cleared and its Scania brand helped lift results above analysts’ estimates.

Business - The Wall Street Journal - October 22

Johnson & Johnson’s stock falls despite Q3 sales beat and guidance raise

Johnson & Johnson reported better-than-expected third-quarter sales and raised its full-year revenue guidance.

Business - MarketWatch - October 15

Harley-Davidson’s stock falls as motorbike maker lowers guidance to reflect still-pressured consumer

Harley-Davidson’s stock was down Thursday, after the iconic motorbike maker topped estimates for the third quarter despite steep declines in profit and revenue, but lowered its full-year guidance ...

Business - MarketWatch - 6 days ago

Michelin Lowers Guidance After Sales Fall

The market downturn in Europe was caused by customers’ weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.

Business - The Wall Street Journal - October 23

Dassault Systemes Cuts Guidance After Earnings Disappoint

The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.

Business - The Wall Street Journal - 6 days ago

Hasbro’s third-quarter profit beats expectations, but its stock slips

Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.