lifts
By Maggie Fick and Yadarisa Shabong (Reuters) -Drugmaker AstraZeneca (NASDAQ:) lifted its annual sales and profit forecast for the second time this year on Tuesday, helped by strong demand for its cancer and rare diseases medicines, after third-quarter results beat estimates. The London-listed company doubled down on plans for U.S.…
Investing.com — Morgan Stanley (NYSE:) raised its Nvidia (NASDAQ:) stock estimates ahead of the company’s earnings report next week. Despite supply constraints, the firm anticipates another robust quarter for Nvidia, however, it believes that more significant upward revisions will occur later in the year. The analysis notes that Nvidia’s new…
SAO PAULO (Reuters) -Brazilian planemaker Embraer raised its projected adjusted earnings before interest and taxes margin for 2024 to between 9% and 10%, from the previous 6.5%-7.5% range, it said on Friday in a securities filing, while also posting a jump in third-quarter profit. In a conference call with analysts…
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -The Nasdaq jumped on Thursday, driven by Tesla (NASDAQ:)’s positive earnings forecast, which buoyed market sentiment despite declines from other corporate results and pressure from rising Treasury yields. Shares of the company soared 19%, with the EV-maker set to add more than…
Investing.com. — UBS has raised its European price forecasts for the fourth quarter of 2024 and 2025, citing heightened geopolitical risks and supply constraints, despite weak market fundamentals. The new projections reflect an upward adjustment in both dollar and euro terms, driven by concerns over the uncertainty surrounding Ukraine’s gas…
DALLAS – Flowserve Corporation (NYSE: NYSE:), a prominent player in the flow control products and services market, has reported a robust second quarter, surpassing analyst expectations and raising its full-year adjusted earnings guidance for 2024. The company reported a second-quarter adjusted EPS of $0.73, which is $0.10 higher than the…
Yardeni Research has raised its year-end target for the to 5,800 from 5,400, citing an accelerated discounting of their “Roaring 2020s” scenario. The firm emphasized that the stock market is surpassing expectations, driven by momentum and bullish sentiment. “We’ve been among the most bullish investment strategists since November 2022, but…
Investing.com – Lululemon Athletica lifted its full-year earnings guidance Wednesday after it reported fiscal first-quarter results that topped Wall Street expectations, as solid sales in China boosted returns. For 2024, the Canadian company known for its pricey leggings said diluted earnings per share are now expected to be in the…
Investing.com – European stock markets slipped lower Tuesday, as the positive momentum at the start of the week stalled amid concerns of U.S. interest rates staying higher for longer than expected. At 03:10 ET (07:10 GMT), the in Germany traded 0.1% lower, the in France fell 0.4%, while the in…
By Bhanvi Satija and Sriparna Roy(Reuters) -Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting efforts and stronger-than-expected sales of its COVID antiviral treatment. Sales of Padcev, a treatment for advanced bladder cancer Pfizer (NYSE:) gained through its…
