Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

[ad_1] Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5 billion, first-quarter revenues were down 12% from the prior-year quarter. Both the QCT and QTL segment revenues declined by double digits. Net income was … Read more

Cigna beats quarterly profit expectations as COVID medical costs fall By Reuters

[ad_1] © Reuters. FILE PHOTO: Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly By Leroy Leo (Reuters) -Cigna Corp beat Wall Street estimates for quarterly profit on Friday, aided by a sharp fall in medical costs due to lower COVID-19-related hospitalizations. Health insurers … Read more

Regeneron quarterly profit drops 46% By Reuters

[ad_1] © Reuters. FILE PHOTO: The Regeneron Pharmaceuticals company logo is seen on a building at the company’s Westchester campus in Tarrytown, New York, U.S. September 17, 2020. REUTERS/Brendan McDermid/File Photo (Reuters) – Regeneron Pharmaceuticals Inc (NASDAQ:) reported an about 46% plunge in its fourth-quarter profit on Friday, hurt by a drop in U.S. sales of … Read more

CaixaBank sees forecast-beating profit thanks to higher net interest income

[ad_1] Spain’s CaixaBank SA said Friday that its fourth-quarter profit rose 62% compared with the same period a year earlier, thanks to higher net interest income. The bank CABK, +3.19% reported net profit of 688 million euros ($750.6 million) over October to December, beating analysts’ expectations for net profit of EUR632 million, according to a … Read more

Sanofi profit narrowly beats forecasts, sees stronger earnings growth in 2023

[ad_1] Sanofi SA on Friday posted rising earnings and sales for the fourth quarter and said it expects its earnings per share to grow in 2023. The French pharma major SAN, -2.18% SNY, -3.10% reported net profit of 1.46 billion euros ($1.59 billion) for the quarter, up from EUR1.13 billion in the same quarter of … Read more

Gilead profit beats Street expectations on COVID and HIV sales By Reuters

[ad_1] © Reuters. FILE PHOTO: A Gilead Sciences, Inc. office is shown in Foster City, California, U.S. May 1, 2018. REUTERS/Stephen Lam/File Photo By Michael Erman and Sriparna Roy (Reuters) -Gilead Sciences Inc on Thursday reported a higher-than-expected fourth-quarter profit driven by strong demand for its HIV and cancer drugs, while COVID-19 antiviral Veklury had … Read more

Ford posts lower profit, issues downbeat outlook; shares drop By Reuters

[ad_1] © Reuters. FILE PHOTO: Workers plug in an electric Ford Mustang Mach-e electric vehicle during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble/File Photo/File Photo By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker … Read more

Clorox lifts annual profit outlook, powered by higher prices By Reuters

[ad_1] © Reuters. By Jessica DiNapoli and Deborah Mary Sophia (Reuters) – Clorox (NYSE:) Co on Thursday raised its forecast for annual adjusted profit after reporting a surprise rise in sales, as higher prices helped the bleach maker offset a slowdown in demand for its cleaning products and disinfectants. Chief financial officer Kevin Jacobson said … Read more

Lazard profit drops on M&A slowdown but outlook improves; shares climb By Reuters

[ad_1] © Reuters. FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investment bank Lazard (NYSE:) Ltd reported an 80% decline in fourth-quarter profit on Thursday … Read more