New York Community Bancorp Shares Sink As Q4 Performance Shakes Analyst Confidence
New York Community Bancorp (NYCB) faces downgrade by several analysts on weak fourth quarter results and dividend cut.
ExxonMobil Vs. Chevron: Which Energy Stock Is A Better Buy Ahead Of Q4 Earnings?
Exxon Mobil and Chevron will report Q4 earnings on Feb. 2. They differ in operational focus, production & spending targets, and sustainability efforts. Which is the better buy?
Why Is Healthcare Services Provider Cardinal Health Stock Trading Lower Today?
Cardinal Health reports strong Q2 FY24 results: Adjusted EPS up 38% to $1.82, beating consensus. Q2 revenue for pharmaceutical segment rises 12% to $53.5 billion. Raised FY24 EPS guidance to $7.20-$7.35.
Why Peloton Interactive Shares Are Sinking Today
Peloton (PTON) faces a market downturn, driven by mixed Q2 results and a Q3 2024 revenue outlook below expectations. Despite a 6% Y/Y sales drop, Peloton's gross profit rose by 27% to $299.4 million, showcasing strength in connected fitness products. With a membership decline of 4% to 6.4 million, the company aims to navigate challenges and anticipates a Q3 FY24 revenue range of $700 million-$725 million.
Why Is Marlboro Maker Altria Stock Surging Today?
Altria Group's Q4 FY23 report shows a 1.2% Y/Y dip in net revenues to $5.024 billion, led by a 3.3% decline in smokeable products revenue. Despite challenges, Altria's adjusted EPS of $1.18 surpasses expectations. The revealed initiation of a new $1 billion share repurchase program, signaling confidence in its outlook.
Merck Posts Surprise Quarterly Profit Against An Expected Loss, Oncology And Vaccines Drive Growth
Merck reports fourth quarter 2023 sales of $14.63 billion, a 6% YoY increase, beating estimates. Explore oncology, vaccines, and EPS outlook for 2024.
French Pharma Giant Sanofi’s Q4 Earnings Hit By Aubagio Generic Competition, Helped By Flagship Eczema And Newly Launched Hemophilia Drugs
Sanofi reports Q4 operating income of €2.6B, down 5.2%. Revenues rise 1.8% to €10.92B, Specialty Care grows 13.7%, Dupixent sales surge.
Russian Oil Hits US Shores Under Sanction-Busting Loophole
Oil was shipped from Russia to the Bahamas prior to the U.S. ban. It was then blended with oil from other destinations, diluting its origin.
Plug Power Stock Up 26% In 5 Days – Fundamental Rally Or Short Squeeze?
PLUG stock has been down 74% in a year but gained 26% in 5 days. This may be a dead cat bounce due to short squeeze potential, not fundamental change.
Why Is Deutsche Bank Stock Surging Premarket Thursday?
Deutsche Bank reported Q4 FY23 results with revenue growth of 5% Y/Y to €6.66 billion, beating consensus. The bank plans to increase share repurchases and dividends by at least 50% in 2024.