Novartis hikes full-year guidance as Q1 results exceed estimates, shares pop
Novartis (SIX:NOVN) (NVSEF) shares surged 4.7% in European trading Tuesday after the Swiss pharmaceutical company's release of impressive first-quarter results.
Tag: estimates
Snap-On misses quarterly sales estimates on weak demand for power tools
(Reuters) – Snap-On missed Wall Street estimates for first-quarter sales on Thursday, as vehicle service and repair technicians bought fewer tools and equipment made by the company, offsetting steady demand for its products from auto dealerships.
Needham & Company reiterates Buy rating on Amazon, raises estimates
On Thursday, Needham & Company reaffirmed its buy rating on Amazon (NASDAQ:AMZN) and maintained its price target on the stock at $205. The firm has increased its profit estimates for the e-commerce giant for fiscal year 2024 (FY24), citing a shareholder letter from CEO Andy Jassy, which indicated a focus on cost-cutting measures in Amazon\’s inbound fulfillment and inventory placement.
Taiwan Semiconductor earnings beat by $0.04, revenue fell short of estimates
Investing.com – Taiwan Semiconductor (NYSE: TSM) reported first quarter EPS of $1.34, $0.04 better than the analyst estimate of $1.30. Revenue for the quarter came in at $18.24B versus the consensus estimate of $18.28B.
JB Hunt misses quarterly estimates on weaker-than-expected demand at biggest segment
(Reuters) – U.S. trucking firm JB Hunt (NASDAQ:JBHT) Transport Services missed Wall Street estimates for first-quarter results on Tuesday, hurt by a decline in revenue in its biggest segment and pricing pressures at its brokerage business.
Omnicom Q1 adjusted EPS beats estimates, revenue up 5.4% YoY
NEW YORK – Omnicom Group Inc. (NYSE: NYSE:OMC) announced its first-quarter earnings, surpassing analyst expectations with an adjusted EPS of $1.67, which was $0.13 higher than the consensus estimate of $1.54. Revenue for the quarter also exceeded forecasts, coming in at $3.63 billion against the anticipated $3.61 billion.
J&J earnings beat by $0.07, revenue fell short of estimates
Investing.com – J&J (NYSE: JNJ) reported first quarter EPS of $2.71, $0.07 better than the analyst estimate of $2.64. Revenue for the quarter came in at $21.38B versus the consensus estimate of $21.4B.
Bank of NY Mellon earnings beat by $0.10, revenue topped estimates
Investing.com – Bank of NY Mellon (NYSE: BK) reported first quarter EPS of $1.29, $0.10 better than the analyst estimate of $1.19. Revenue for the quarter came in at $4.53B versus the consensus estimate of $4.38B.
PNC Financial earnings beat by $0.34, revenue fell short of estimates
Investing.com – PNC Financial (NYSE: PNC) reported first quarter EPS of $3.36, $0.34 better than the analyst estimate of $3.02. Revenue for the quarter came in at $5.15B versus the consensus estimate of $5.19B.
BNY Mellon quarterly results top Wall St estimates on higher services fees
(Reuters) – Bank of New York Mellon (NYSE:BK) beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world\’s largest custodian bank.
Bank of America earnings matched, revenue topped estimates
Investing.com – Bank of America (NYSE: BAC) reported first quarter EPS of $0.76, in line with the analyst estimate of $0.76. Revenue for the quarter came in at $25.8B versus the consensus estimate of $25.49B.
Bank of America earnings beat by $0.07, revenue topped estimates
Investing.com – Bank of America (NYSE: BAC) reported first quarter EPS of $0.83, $0.07 better than the analyst estimate of $0.76. Revenue for the quarter came in at $25.8B versus the consensus estimate of $25.49B.