Summary: Bristol-Myers Squibb (BMY) reported better-than-expected earnings and revenue for Q1 2024, but the stock fell by 1.7% in premarket trading. The company updated its forecast for adjusted EPS for the year, significantly revising it down due to recent acquisitions.
Full articleSummary: Leerink Partnrs reduced Q3 2024 earnings estimates for Danaher, while lifting price target and giving 'neutral' to 'overweight' ratings by other analysts. Danaher also reported an increase in dividend and insider buying and selling activities. A number of institutional investors have recently bought and sold shares of the company.
Full articleSummary: Starbucks is entering negotiations with unions which may lead to higher wages and benefits for workers. This could potentially impact the company's bottom line.
Full articleSummary: Comcast reported first quarter results beating expectations, with Peacock having 34 million subscribers but higher programming costs. There was a 1% increase in total revenue to $30.1 billion, with adjusted EPS at $1.04, up from 92 cents a year ago.
Full articleSummary: Bristol-Myers Squibb Co. reported a significant drop in earnings and EPS in Q1 compared to the same period last year. Analysts' projected EPS was slightly better than the actual adjusted earnings. Revenue slightly increased year-over-year, and the company provided a low full-year EPS guidance.
Full articleSummary: Some Dow Jones Industrial Average members are set to soar in 2024 and beyond with positive long-term growth prospects.
Full articleSummary: Colgate-Palmolive's Return on Capital Employed (ROCE) is currently at 34%, higher than the industry average of 22%. However, the trend shows a decrease from 43% five years ago, indicating falling returns despite increased capital utilization. Investors have seen a 40% gain in the past five years but should be cautious about future growth potential.
Full articleSummary: Caterpillar posted a rise in quarterly profit as it benefited from President Joe Biden's infrastructure law and held on to higher prices for its construction equipment.
Full articleSummary: Danaher had its target price lifted by Citigroup to $290.00 with a buy rating. The company reported strong earnings, beat expectations, and increased dividend. Several analysts also raised their target prices and ratings. Insiders sold significant shares, while institutional investors increased stakes in the company.
Full articleSummary: Decarbonization Partners, a BlackRock and Temasek tie-up, raised $1.4 billion for its first fund to invest in companies aiding in the transition to a low-carbon economy. The fund has already invested in seven companies including Monolith and MycoWorks.
Full articleSummary: Lockheed Martin Corp and RTX Corp are poised to profit from $95 billion of new weapons funding as conflicts in Ukraine and Israel renew demand for expensive equipment.
Full articleSummary: Capital One Financial Corp.'s $35 billion acquisition of Discover Financial Services facing a comment period extension until May 31 with analysts believing the deal will not be blocked on antitrust grounds.
Full articleSummary: McDonald's has been granted permission to build a new restaurant and drive-thru at a site in Somerset, creating around 120 jobs. The branch is set to open in September and is described as a 'multi-million pound restaurant'. Plans also suggest a Greggs drive-thru could be built next to McDonald's.
Full articleSummary: Bristol Myers Squibb Co. reported first-quarter revenue exceeding Wall Street's expectations due to better-than-expected sales of cancer medicine Revlimid.
Full articleSummary: Comcast Corp. reported a profit for its first quarter that increased from the same period last year and beat the Street estimates with adjusted earnings of $4.17 billion or $1.04 per share.
Full articleSummary: Honeywell beats Wall Street estimates for first-quarter results driven by strength in the aviation business despite a slowdown in industrial and building automation units. Sales in the aerospace unit rose 18% to $3.67 billion.
Full articleSummary: Caterpillar warns of weaker sales as machinery demand cools, leading to a sales fall in the current quarter and a decline in first-quarter revenue.
Full articleSummary: Bristol-Myers Squibb reported first quarter EPS of $-4.40, beating analysts' estimate by $0.07. Revenue for the quarter was $11.9B, higher than the consensus estimate of $11.46B. The stock price closed at $48.85, down -1.71% in the last 3 months and -28.18% in the last 12 months.
Full articleSummary: Bristol-Myers Squibb reported first quarter EPS of $-4.40, beating analyst estimates, with revenue exceeding expectations. The stock price closed at $48.85, showing negative returns over the last 3 and 12 months.
Full articleSummary: Bristol Myers Squibb Co. reported a first-quarter loss of $11.91 billion, missing Wall Street expectations, despite revenue exceeding forecasts. The company expects full-year earnings in the range of 40 cents to 70 cents per share.
Full articleSummary: UK's antitrust watchdog to scrutinize Amazon and Microsoft's investments in AI startups amid concerns about competition in the UK market.
Full articleSummary: Meta's stock plunges as investors are spooked by plans to invest heavily in artificial intelligence, with projected AI investments of up to $5 billion causing unease among shareholders.
Full articleSummary: Bristol-Myers Squibb Co. will host a conference call on April 25, 2024, to discuss Q1 2024 earnings results.
Full articleSummary: Cisco Systems joins Microsoft and IBM in signing the Pontifical Academy for Life’s Rome Call for AI Ethics, committing to an ethical approach to artificial intelligence. Cisco CEO expressed that AI is fundamentally changing the world and that principles of the Rome Call align with Cisco's belief in technology based on trust to foster an inclusive future. The Rome Call aims to ensure digital and technological advancements, particularly AI, respect human dignity and benefit all.
Full articleSummary: Lockheed Martin Australia has signed a A$500m contract with Australia’s Department of Defence to provide C2 architecture for the ADF's integrated air and missile defence, creating new jobs and economic benefits in the country. The project is set to enhance the ADF’s situational awareness and interoperability with international allies.
Full articleSummary: Comcast Corporation reported solid financial results for the first quarter of 2024, with growth in revenue, net income, adjusted EPS, and free cash flow. The company highlighted achievements in its connectivity and platforms segment, including increases in broadband ARPU and subscriber numbers. Notable success in Studios with hits like Kung Fu Panda 4 and Peacock's growth in paid subscribers were also mentioned.
Full articleSummary: Google is updating client-side encryption for Google Meet to allow external participants, providing more secure video meetings. This update gives users direct control of encryption keys and the choice of authentication methods for those keys.
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