Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …
A customer uses an ATM at a Wells Fargo Bank in San Bruno, California, on April 14, 2023. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Cintas — Shares fell 5.3% after the company reported its 2024 fiscal first-quarter earnings. The corporate apparel company posted $3.70 in earnings per …
The all-electric 4-door Convertible GT Fisker Ronin is revealed during its inaugural “Product Vision Day” in Huntington Beach, California, on August 3, 2023. Frederic J. Brown | AFP | Getty Images Discover the companies capturing attention prior to market opening. Fisker — Shares of the vehicle development firm jumped 4.1% in pre-market trading after Bank …
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters ARK Invest CEO Cathie Wood stated that she did not participate in Arm’s IPO last week due to its overvaluation compared to …
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Sports gambling giant DraftKings issued an apology on Monday for a bet parlay offer that coincided with the 22nd anniversary of the Sept. 11 terror attacks …
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Discover the latest news in the stock market before the market opens on Wednesday. WeWork — The stock plummeted by 25.7% after WeWork disclosed in an SEC filing that doubts exist regarding the company’s ability to sustain operations due to lower-than-expected membership rates. WeWork mentioned …
Explore the latest developments in the stock market during midday trading. Roblox — Roblox’s shares plummeted by 20% after the online gaming platform failed to meet second-quarter estimates. The company reported a loss of $0.46 per share, falling short of the predicted $0.45 loss from analysts surveyed by Refinitiv. Despite revenue of $781 million, slightly …
A shipment of live chickens arrives at Tyson Foods’ processing plant in Monroe, North Carolina. Alan Slitz | Tribune News Service | Getty Images Take a look at the pre-market movers and shakers in the business world this Monday morning. Tyson Foods — The shares of this food processing company dropped over 7% following Tyson’s …
An employee of Tupperware Brands Corporation is working on the production line at the company’s plant in Joue-les-Tours, France, on the day of its 40th anniversary. Jean-Francois Monier | AFP | Getty Images Take a look at the companies making headlines before the start of trading today. Apple — Shares of the tech giant fell …
Here are some companies that are making headlines in midday trading: 1. Amazon: The e-commerce giant saw a 10% surge in its stock after delivering a massive profit beat and positive guidance. Both its cloud and ad businesses also reported better-than-expected revenue for the quarter. 2. Apple: The big tech stock slipped 3% as it …