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Why we’re lowering our Bristol Myers price target despite an earnings beat, guidance
Bristol Myers Squibb 's earnings beat and rosy outlook Thursday did not resolve lingering issues for the stock. But it was enough, for now. Revenue in the first quarter, which ended March 31, dipped 6% to $11.2 billion but topped…
Merck lowers profit outlook, partly due to $200 million expected tariff hit
Nurphoto | Nurphoto | Getty ImagesMerck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal.The company now expects its 2025 adjusted earnings to come…
Industrial conglomerate Dover cut its guidance — here’s why the stock is rallying anyways
Shares of Club name Dover climbed higher Thursday after the industrial conglomerate reported mixed first-quarter results. Although the company lowered its full-year outlook, the market quickly caught on to management's conservatism,…
ServiceNow shares pop 15% on strong earnings, upbeat guidance
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023.Brendan Mcdermid | ReutersServiceNow shares surged more than 15% on stronger-than-expected…
Alphabet adds nearly 2% as search, advertising units show resilient growth
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet's stock gained 1.7% on Friday after signaling strong growth in its…
Intel issues weak guidance, says it will slash expenses this year
Intel Corporation's headquarters in Santa Clara, California, April 23, 2025.David Paul Morris | Bloomberg | Getty ImagesIntel reported first-quarter results Thursday that beat analysts' estimates, while issuing disappointing guidance and…
Alphabet shares rise on stronger-than-expected revenue growth
Alphabet, the parent company of Google and YouTube, reported stronger-than-expected first-quarter growth on Thursday after the bell. Shares rose more than 5% in after-hours trading.Here's how the company did, compared with estimates from…
Consumer companies are bracing for lower profits as tariffs force shoppers to rethink
A Chipotle store stands in the Bronx on April 23, 2025 in New York City.Spencer Platt | Getty ImagesFrom Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their…
World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech
The facade of Norway's central bank, also known as Norges Bank, in Oslo, Norway.Bloomberg | Bloomberg | Getty ImagesNorges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter…
IBM beats on earnings and revenue, maintains full-year guidance
IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue…