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Eli Lilly's Q2 Sales Surge 36%, Analysts Cautious On Future Supply, Market Dynamics; Optimistic About Next-Gen Oral Weight-Loss Drug
Friday, August 9, 2024 - 4:03pm | 554Eli Lilly And Co (NYSE:LLY) reported on Thursday second-quarter revenue of $11.3 billion, up 36% year-over-year, easily surpassing the consensus of $9.95 billion. Mounjaro sales tripled to $3.09 billion from $979.7 million a year ago. Zepbound sales reached $1.24 billion, up from $...
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This Nvidia Rival Stock Driven By 'Exaggerated Artificial Intelligence Narrative' Could Fall 56%: Morningstar
Tuesday, April 9, 2024 - 8:16am | 719Arm Holdings Plc (NASDAQ:ARM), the British semiconductor design company, has experienced a significant surge in its stock price, driven by its AI narrative and increased royalty fees. However, a leading research firm has issued a stark warning, predicting a potential 56% drop in the stock price....
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Fox Earnings Preview: How Much Will Dominion Settlement, Tucker Carlson Departure Impact Fox's Bottom Line?
Monday, May 8, 2023 - 3:19pm | 509Fox Corp (NASDAQ: FOXA) (NASDAQ: FOX) is set to report fiscal third-quarter earnings on Tuesday morning before the market open, and investors will likely be watching closely to see what the company has to say about its recent $787 million legal settlement with Dominion Voting Systems and the...
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Supreme Court Ruling Dials Back EPA Powers: What It Means For Energy Stocks
Friday, July 1, 2022 - 12:32pm | 606The U.S. Supreme Court continued its busy summer this week, issuing a landmark ruling limiting the mpower of the Environmental Protection Agency. The ruling could have significant financial implications for a number of energy sector stocks. What Happened? On Thursday, the Supreme Court ruled 6...
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Pfizer, Moderna Analysts Respond To FDA COVID Booster Ruling: 'Revenues Will Decline'
Wednesday, June 29, 2022 - 1:32pm | 703The Food and Drug Administration’s panel of independent vaccine experts recently voted 19 to 2 to recommend a new batch of COVID-19 booster shots targeting the omicron variant this fall. The news, announced Tuesday, June 28, could have a big impact on the share prices of vaccine makers....
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The Problem With Thematic Tech Investing
Wednesday, June 2, 2021 - 12:23pm | 452An investment trend that is gaining tremendous popularity is thematic tech investing: many investors are attracted to funds that own clean energy, cybersecurity, electric vehicles, e-sports, robotics, 3D printing and more. What’s The Caveat? The majority of these funds fail to outperform the...
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Stock Wars: General Mills Vs. Kellogg Vs. Post
Wednesday, January 6, 2021 - 12:32pm | 744The battle for market share in the breakfast category is the subject of the latest Benzinga Stock Wars. General Mills Inc (NYSE: GIS), Kellogg Company (NYSE: K) and Post Holdings (NYSE: POST) are matched up head-to-head in several categories. About the Companies: General Mills is known around...
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6 Salesforce Analysts React To Slack Deal: 'Game-Changer Potential'
Wednesday, December 2, 2020 - 11:49am | 716Shares of salesforce.com, inc. (NYSE: CRM) were trading lower Wednesday after the company reported earnings and revenue beats in the third quarter but fell short of expectations for its fourth-quarter guidance. Salesforce also announced its intention to acquire Slack Technologies Inc (NASDAQ:...
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Zoom's Stock Takes Pause Shooting To The Moon: Analysts React To Q3 Beat
Tuesday, December 1, 2020 - 2:02pm | 756Zoom Video Communications Inc (NASDAQ: ZM) reported third-quarter results that came in better than expected but investors appear to be disappointed based on the 14% selloff. The Analysts: Rosenblatt Securities analyst Ryan Koontz maintains a Neutral rating on Zoom's stock with a price...
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Justice Department Forces Intuit To Divest Credit Karma's Tax Biz To Square
Wednesday, November 25, 2020 - 11:58am | 411The U.S. Justice Department will reportedly require Intuit Inc. (NASDAQ: INTU) to sell its Credit Karma tax unit to Square Inc (NYSE: SQ) as part of Intuit’s $7.1-billion buyout of Credit Karma. What Happened: On Wednesday, CNBC reported that Intuit must divest Credit Karma’s tax...
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Fintech Focus For November 19, 2020
Wednesday, November 18, 2020 - 7:42pm | 2481Quote Of The Day: The successful warrior is the average man, with laser-like focus. - Bruce Lee Fintech Movers: Big investors are backing online banks more than ever, betting that these upstarts' low overhead and nimble technology stacks will let them keep grabbing customers from traditional...
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Jack Ma's Ant Group Could See Its Valuation Halved Due To Blocked IPO, Analysts Project
Monday, November 9, 2020 - 4:20am | 472Alibaba Group Holding Ltd. (NYSE: BABA)-backed Ant Group could see its valuation slashed by half as its initial public offering is blocked by Chinese regulators, analysts from Morningstar, and others, estimate. What Happened: The Chinese financial technology giant is headed to lose about $140...
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How Trump's Chinese Tech Crackdown Could Impact 'Fortnite,' 'League of Legends'
Tuesday, September 22, 2020 - 4:48pm | 635The ongoing saga between China and the United States over how data collected is now shifting from TikTok to gaming companies. What Happened: Chinese gaming companies are being scrutinized by the U.S. government, according to a Thursday Bloomberg report. Tencent (Pink: TCEHY), the world...
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Dell Analysts React To Q2 Earnings Beat: 'Ride The Wave Of Remote Work'
Friday, August 28, 2020 - 11:06am | 523Dell Technologies Inc (NYSE: DELL) shares were moving higher Friday after the computing company reported a second-quarter earnings beat. Dell reported quarterly EPS of $1.92 on revenue of $22.77 billion after the close Thursday. Both numbers beat consensus analyst expectations of $1.39 and $...
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Experts React To Tesla Stock Split, Trading Action: 'Kind Of Ridiculous'
Wednesday, August 12, 2020 - 10:13am | 664Tesla Inc (NASDAQ: TSLA) shares are up 6% on Wednesday after the company announced a 5-for-1 stock split on Tuesday afternoon. The stock split will be implemented after the market close Aug. 31. Companies with relatively high stock prices like Tesla often implement stock splits to bring...