The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50 per share.
Schlagwort-Archiv: Markets
UBS beats earnings expectations, announces up to $1 billion share buyback
Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.
Ken Griffin’s Citadel hedge fund rose 1.9% in January as volatility ramped up
Citadel’s multistrategy flagship Wellington fund climbed 1.9% in January, following a 15.3% gain last year.
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Kashkari said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface.
Eli Lilly results blow past estimates on strong Zepbound launch, surging Mounjaro revenue
The quarterly results are the first to include sales of Eli Lilly’s new weight loss drug Zepbound, which won FDA approval in early November.
BP shares rise 5% after British oil giant announces plans to boost shareholder returns
British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices.
Nintendo hikes sales forecast of flagship Switch console to 15.5 million units
Nintendo said it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast of 15 million.
UBS beats earnings expectations, announces up to $1 billion share buyback
Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.
Palantir stock jumps 19% as AI demand drives revenue beat
Palantir reported fourth-quarter earnings after the bell Monday.
Stock market in a ‚very dangerous‘ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a „very dangerous“ spot as strong jobs numbers suggest the Fed’s interest rate hikes have not had the desired effect, says Cole Smead.