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Merck Q2 Results Top Estimates, But Slashes FY24 Earnings Outlook
Biopharmaceutical company Merck & Co., Inc. (MRK) reported Tuesday a net profit for the second quarter compared to a loss last year, reflecting improved gross margins and a 7 percent sales growth. Both adjusted earnings per share and quarterly sales topped analysts' estimates. However, the company slashed its adjusted earnings guidance for the full-year 2024.
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89 일 전
Watsco Q2 Results Miss Estimates
Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Tuesday reported that earnings allocated to shareholders for the second quarter grew to $168.80 million or $4.49 per share from $160.85 million or $4.42 per share in the prior-year quarter.
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89 일 전
SmartRent CEO Lucas Haldeman Steps Down; Suspends FY24 Outlook
SmartRent, Inc. (SMRT) announced Tuesday a CEO transition plan under which Lucas Haldeman has stepped down from his position as Chief Executive Officer and resigned from the Board of Directors, effective July 29, 2024.
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89 일 전
IPG Photonics Guides Q3 Well Below View As Q2 Results Miss Estimates
While reporting financial results for the second quarter on Tuesday, IPG Photonics Corp. (IPGP) provided earnings and revenue guidance for the third quarter, well below estimates.
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89 일 전
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Tuesday morning with investors digesting the trend in global stock and commodity markets, and reacting to quarterly earnings updates.
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89 일 전
CTS Cuts FY24 Outlook As Q2 Results Miss Estimates
CTS Corp. (CTS) reported Tuesday that net income for the second quarter increased to $15.71 million or $0.48 per share from $12.90 million or $0.41 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.54 per share, compared to $0.59 per share in the year-ago quarter.
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89 일 전
Illinois Tool Works Q2 Earnings Top Estimates; Trims FY24 Outlook
Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $759 million or $2.54 per share from $754 million or $2.48 per share in the year-ago quarter.
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89 일 전
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American Tower Q2 Profit Nearly Doubles; Boosts FY24 Outlook
American Tower (AMT) reported Tuesday that net income attributable to the company for the second quarter nearly doubled to $900.3 million or $1.92 per share from $475.7 million or $1.02 per share in the prior-year quarter.
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89 일 전
PayPal Holdings Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Tuesday, PayPal Holdings, Inc. (PYPL) raised its earnings and adjusted earnings guidance for the full-year 2024. The company also provided outlook for the third quarter.
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89 일 전
Pfizer Boost FY24 Outlook - Update
While reporting financial results for the second quarter, drug major Pfizer Inc. (PFE) raised its adjusted earnings and revenue guidance for the full-year 2024.
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89 일 전
CenterPoint Energy Reaffirms FY24 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Tuesday, CenterPoint Energy Inc. (CNP) reaffirmed its adjusted earnings guidance for the full-year 2024 in the range of $1.61 to $1.63 per share.
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89 일 전
Sensex, Nifty End On Flat Note After Volatility
Indian shares gave up all early gains to end on a flat note Tuesday, tracking mixed cues from global markets.
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89 일 전
BP Posts RC Loss In Q2, Underlying RC Profit Beats View
British energy major BP Plc reported Tuesday a replacement cost or RC loss in its second quarter, compared to prior year's profit, hit by hefty charges and weak revenues. Underlying RC profit, however, beat market estimates, while revenues missed view. Further, bp said it intends to execute a $1.75 billion share buyback prior to reporting the third quarter results, and also announced $3.5 billion
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89 일 전
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