Earnings Estimates Strong

Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.

Business - CNBC - 38 minutes ago

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Pfizer’s earnings crush estimates as company raises guidance

Drug company Pfizer saw strong growth for its heart-disease drugs and migraine treatment.

Business - MarketWatch - 2 days ago

Comcast tops earnings estimates as Olympics propel the company

Comcast beat third-quarter earnings estimates as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count.

Business - CNBC - 3 hours ago

Google’s strong earnings boosted by cloud computing gains

Parent company Alphabet’s shares rise 6% as results show lift from AI demand

Business - Financial Times - Yesterday

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

Business - CNBC - October 15

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

Procter & Gamble said volume fell in its Greater China market despite the earnings beat.

Business - CNBC - October 18

Coca-Cola tops earnings estimates, as higher prices offset sluggish demand

Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.

Business - CNBC - October 23

AutoNation’s stock falls after earnings fall short of estimates

The new- and used-car retailer is still feeling the impact of a recent dealership-software outage.

Business - MarketWatch - 5 days ago

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - Yesterday

Coinbase’s stock falls nearly 5% as earnings fall short of estimates

Coinbase Global Inc.’s stock fell in after-hours trading Wednesday, after the cryptocurrency exchange’s third-quarter profit and revenue fell short of estimates.

Business - MarketWatch - 17 hours ago

Merck’s stock slides as Q3 earnings beat estimates, but company lowers guidance

Merck’s stock fell Thursday morning, despite the company beating profit and sales estimates for the third quarter.

Business - MarketWatch - 2 hours ago

Bristol Myers’s stock pops as earnings top estimates and company raises guidance

The company says it “made important strides in the third quarter.”

Business - MarketWatch - 5 hours ago

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - 6 days ago

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - 6 days ago

UBS has just lowered earnings estimates — and raised its S&P 500 target

UBS on Tuesday issued an unusual pairing, reducing its estimates for earnings growth while at the same time lifting its S&P 500 target for this year and next.

Business - MarketWatch - October 15

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

Centene’s stock soars 11% after earnings sweep past estimates and company backs guidance

Chief Executive Sarah M. London said the company had navigated a “dynamic landscape” in the quarter amid turmoil in the Medicaid business.

Business - MarketWatch - 6 days 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

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.

Business - MarketWatch - 2 days ago

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - Yesterday

Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix

World - Financial Times - 11 hours ago

Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’

World - Financial Times - 12 hours ago

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - 12 hours ago

Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts

World - Financial Times - 9 hours ago

FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result

World - Financial Times - 7 hours ago

Making sense of sentiment

And Trump equity trades

World - Financial Times - 10 hours ago

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory