Earnings

In this article BIIB Aduhelm by Biogen Source: Biogen Biogen‘s Alzheimer’s drug, Adhulem, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug. Biogen upped its revenue guidance for the year, saying it now
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In this article SNAP Snap‘s stock rose more than 16% on Thursday after the company reported its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth. Here’s what Snap reported versus Wall Street’s estimates: Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by Refinitiv Revenue: $982 million vs. $846 million
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In this article INTC Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell 2% after CEO Pat Gelsinger’s second earnings report at the helm of the American chip giant. Intel reported revenue and earnings per share that beat both the company’s own forecast as well as Wall Street expectations, attributing the
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In this article MS Morgan Stanley on Thursday posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 a share vs. the $1.65 estimate of analysts surveyed by Refinitiv. Revenue: $14.8 billion vs. the $13.98 billion estimate. While rival banks reported
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In this article WFC Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose 2% shortly after the opening bell following the earnings announcement. Here’s
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Citigroup posted second-quarter results that benefited from a $1.1 billion boost from releasing reserves the bank had previously set aside for loan losses. Here’s how the bank did: Earnings: $2.85 a share, topping the $1.96 estimate of analysts surveyed by Refinitiv. Revenue: $17.47 billion, edging out the $17.2 billion estimate. While the bank managed to
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In this article GSBD Goldman Sachs on Tuesday reported second-quarter earnings that blew past Wall Street expectations, propelled by strong performance in investment banking amid a robust IPO market. Here are the numbers: Earnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year earlier Goldman recorded earnings per share of $6.26 (53
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JPMorgan Chase reported second-quarter profit and revenue that exceeded analysts’ expectations as the firm released money set aside for loan losses. Here’s how the bank did: Earnings: $3.78 per share, exceeding the $3.21 per share estimate per Refinitiv. Revenue: $31.4 billion, topping the $29.9 billion estimate. One key factor is that after the industry set
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In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints. Ford sold 475,327 vehicles during the second quarter,
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In this article GM DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle production and dealer inventories. The Detroit automaker on Thursday reported sales of 688,236 vehicles during the second quarter, up 39.7% from a year earlier when
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In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond fiscal first-quarter sales climbed nearly 50%, as the retailer’s turnaround initiatives including launching new brands and remodeling stores helped to draw in customers for everything from blenders to bath mats. The progress coming ahead of the key back-to-school shopping season was enough
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In this article DRI A take-out order from a Darden Restaurants Inc. Olive Garden location is arranged for a photograph in Tiskilwa, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its fiscal fourth quarter same-store sales nearly returned to 2019 levels as states rolled back dining restrictions. Shares
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In this article ORCL Safra Catz, co-chief executive officer of Oracle Corp. David Paul Morris | Bloomberg | Getty Images Oracle shares fell 3% in extended trading on Tuesday, even though the enterprise software maker issued earnings that came in better than analysts had expected and showed accelerated revenue growth as the pandemic receded. The
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