Novartis shares experienced a surge on Tuesday following the announcement by the Swiss pharmaceutical company that it has raised its full-year guidance due to strong drug sales. In addition to this, Novartis also unveiled a $15 billion share buyback plan. The company’s positive financial performance was revealed during the release of its second-quarter earnings report, …
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023. David Paul Morris | Bloomberg | Getty Images PepsiCo reported its quarterly earnings and revenue on Thursday, surpassing analysts’ expectations despite a decline in demand for its products. Additionally, the company raised its full-year forecast for the second consecutive quarter, …
Levi Strauss, a prominent apparel retailer, delivered disappointing news on Thursday as it significantly reduced its profit forecast for the year due to a sharp decline in wholesale revenues and weak sales in the U.S., its largest market. Despite this setback, the company experienced positive performance in its direct-to-consumer sales and the Chinese market. Consequently, …
Nurphoto | Nurphoto | Getty Images Delta Air Lines announced on Tuesday that it has raised its second-quarter forecast and projected full-year adjusted earnings of $6 per share, which falls within the upper range of its previous estimates given in April this year. The airline attributes this positive outlook to robust travel demand and customers …
Walgreens Boots Alliance, a leading retail pharmacy chain, has lowered its full-year earnings guidance for the fiscal third quarter due to decreased consumer spending and a decline in demand for Covid vaccines and testing. As a result, the company’s earnings per share have been adjusted to a range of $4.00 to $4.05, down from the …
A Longhorn Steakhouse restaurant in Thornton, Colorado, U.S., on Friday, March 19, 2021. Darden Restaurants Inc. is set to release its earnings figures on March 25. Chet Strange | Bloomberg | Getty Images Darden Restaurants reported quarterly earnings yesterday, surpassing the expectations of Wall Street analysts, mainly due to strong sales at LongHorn Steakhouse. However, …
Discover the companies that are generating buzz in premarket trading. Target — The retail giant experienced a 0.6% increase after announcing a 1.9% dividend raise, equivalent to 2 cents per share, bringing it to $1.10 per share. Cognyte Software — This software company witnessed a 5.6% rise in premarket trading following its quarterly report. Cognyte …