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Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
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Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.CNBC - Business -
Coca-Cola beats first-quarter earnings estimates, raises annual revenue outlook
Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as “a dynamic backdrop.”MarketWatch - Business -
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.CNBC - Business -
Pfizer’s first-quarter results top estimates, while drugmaker boosts full-year profit outlook
Pfizer on Wednesday reported first-quarter results that beat analyst expectations, and raised its full-year profit guidance as cancer and heart-disease drugs helped offset plummeting COVID product sales.MarketWatch - Business -
Oil giant Shell beats first-quarter profit estimates despite weaker gas prices
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.CNBC - Business -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.CNBC - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business
More from The Wall Street Journal
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German 10-Year Bund Yields Likely to Ease Gradually in Coming Quarters
German 10-year Bund yields are expected to decline only slowly in the coming quarters as numerous survey data point to increasing optimism over strong growth ahead in the eurozone, MUFG said.The Wall Street Journal - World - Germany -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - World -
Novo Nordisk Confident as Ozempic, Wegovy Demand Continues
The Danish pharmaceutical giant raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its weight-loss and diabetes drugs continued to outstrip supply.The Wall Street Journal - World -
Pandora Lifts Sales Outlook After Strong Start to Year
Pandora raised its revenue guidance after reporting a market-beating result for the first quarter, and said the second quarter had got off to a healthy start with high single-digit like-for-like growth.The Wall Street Journal - World -
ArcelorMittal Cautious Despite Earnings Beat
ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment remained subdued with no signs customers were restocking on inventories.The Wall Street Journal - World