Summary: Boeing has sold its corporate retreat near Florissant to a Catholic graduate school and multimedia producer for $19 million. The Augustine Institute plans to build a national center for evangelization and move its operations to St. Louis County, opening in fall 2024. The institute aims to transform the property into a premier center for new evangelization in the United States.
Full articleSummary: Medtronic has a GF Score of 80, indicating the company is likely to have average performance. The GF Score is a stock performance ranking system based on five aspects of valuation.
Full articleSummary: Bristol-Myers Squibb reported better-than-expected earnings and revenue for Q1 2024 but fell 1.7% in premarket trading. The company's adjusted EPS forecast for the year has been significantly revised down due to recent acquisitions.
Full articleSummary: Comcast reported first quarter EPS of $1.04, exceeding analyst estimates, with revenue also surpassing expectations. The stock price closed at $40.21, down -13.08% in the last 3 months but up 10.10% in the last 12 months.
Full articleSummary: Danaher reported its first quarter 2024 financial results, showing a decrease in revenue, net income, profit margin, and EPS compared to the same period in 2023. However, the revenue and earnings beat analyst expectations. The company's shares are up 4.6% from a week ago.
Full articleSummary: Starbucks faced off against the National Labor Relations Board at the Supreme Court hearing to determine the NLRB's power in resolving labor disputes.
Full articleSummary: GE Vernova posted a first-quarter loss while reiterating its revenue growth targets for 2024. The electrification unit saw significant growth, with revenue rising but slightly missing expectations. GE Vernova backed its 2024 revenue projection, expecting the strongest growth in the electrification unit.
Full articleSummary: Pfizer is seeking emergency use authorization for its vaccine for kids as young as five.
Full articleSummary: U.S. spot Bitcoin ETFs experienced net outflows of over $130 million with BlackRock's IBIT seeing a 71-day streak of inflows being halted. Grayscale's GBTC witnessed the largest outflows while Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF recorded inflows.
Full articleSummary: Honeywell (NASDAQ:HON) reports strong Q1 performance with revenue up 3% and EPS exceeding expectations. Order backlog grows to $32 billion. Company reaffirms full-year outlook with sales expected to rise by 4%-6%.
Full articleSummary: Bristol-Myers Squibb (NYSE: BMY) reported Q1 EPS of ($4.40), beating analyst estimates by $0.07. Revenue for the quarter was $11.9 billion, higher than the consensus estimate of $11.46 billion.
Full articleSummary: CVS Health invests $19.2 million to help build 85 affordable housing units in Arvada, aiming to reduce homelessness and increase access to permanent housing.
Full articleSummary: Bristol Myers Squibb (BMY) reported first quarter revenues of $11.9 billion, a 5% increase driven by growth portfolio revenues, and GAAP loss per share was $5.89. The company completed significant transactions to strengthen its long-term growth profile and pipeline.
Full articleSummary: Booking Holdings Inc. (BKNG) is a major online travel company with various offerings like hotel rooms, airline tickets, rental cars, cruises, and vacation packages. Investing in BKNG ten years ago would have resulted in a significant gain. Analysts are optimistic about the future growth potential of BKNG, citing strong booking trends, growth in domestic and international bookings, and positive momentum in various business segments.
Full articleSummary: Microsoft unveils Phi-3-mini, a new 'lightweight' AI model that outperforms models of the same size, offering practical choices for generative AI applications.
Full articleSummary: Texas Instruments (NASDAQ: TXN) shares surged 7.71% week-over-week due to post-earnings bump, despite a decrease in revenues and operating profit in Q1 FY2024.
Full articleSummary: Bristol Myers Squibb's new CEO Christopher Boerner initiated three acquisitions worth $24 billion for new drugs, impacting first quarter earnings with a quarterly loss per share higher than expected.
Full articleSummary: Comcast beat revenue estimates in the first quarter due to strong subscriber growth at its Peacock streaming service and high attendance at its theme parks. However, the broadband market continues to be a challenge for Comcast due to stiff competition from telecom operators.
Full articleSummary: Honeywell International beat earnings estimates with strong demand in aviation business, leading to revenue growth and a record backlog. Full-year financial guidance maintained.
Full articleSummary: Boeing was passed over for a competition to build unmanned aircraft for the U.S. Air Force but stated that it will continue its commitment to building next-generation autonomous combat aircraft. Despite the loss, Boeing reported a profitable quarter in its defense business, with ongoing projects like the MQ-25 and MQ-28 drones. The company's CEO hinted at an internal candidate to succeed him.
Full articleSummary: Thermo Fisher Scientific reported first quarter 2024 financial results with revenue of US$10.3b (down 3.4% YoY), net income of US$1.33b (up 3.0% YoY), profit margin of 13%, and EPS of US$3.48. Both revenue and EPS beat analyst estimates. Revenue growth forecast for the next 3 years is 5.6% p.a., slightly below the industry average of 6.4%. The stock price has increased by 5.5% in the past week.
Full articleSummary: JPMorgan Chase & Co. chief executive officer Jamie Dimon praised Indian Prime Minister Narendra Modi's reforms including the education system, infrastructure and indirect tax regime, while also cautioning about potential impacts on the US economy.
Full articleSummary: Caterpillar Inc. reported lower machinery sales in the first quarter and expects second-quarter figures to also be lower, despite beating analyst estimates. Sales showed weakness in key divisions outside North America. The company remains a bellwether for the global economy. Caterpillar expects lower sales but steady profit margin for the second quarter.
Full articleSummary: Hackers are exploiting Cisco zero-day vulnerabilities in a campaign conducted by state-sponsored actors, targeting government networks worldwide. The attackers are using multi-component malware including Line Dancer and Line Runner trojans to gain unauthorized access and compromise network data from devices such as ASAs. Cisco has identified the incidents and recommends organizations to upgrade to the patched versions and check for indicators of this campaign.
Full articleSummary: Bristol Myers Squibb reported first quarter results for 2024, showing growth in revenues primarily driven by products like Eliquis, Reblozyl, and Opdivalag. The company also executed strategic transactions to strengthen its portfolio and pipeline. Bristol Myers Squibb is executing a strategic productivity initiative to drive cost savings, aiming to reinvest in innovation and growth.
Full articleSummary: Perrigo Company plc has announced the sale of its HRA Pharma Rare Diseases business to Esteve Healthcare for up to 275 million euros, consisting of an upfront cash payment and additional consideration based on sales milestones.
Full articleSummary: Caterpillar Inc. reported a higher profit for the first quarter compared to the same period last year, beating Street estimates. However, the company's revenue for the quarter decreased slightly.
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