(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for first-quarter profit on Thursday due to softer sales of its blockbuster eye drug Eylea and its eczema treatment, Dupixent.
Excluding items, the company reported a profit of $9.55 per share for the quarter, compared with analysts' estimates of $10.09 per share, according to LSEG data.
(Reporting by Sriparna Roy in Bengaluru; Editing by Shailesh Kuber)
Thomson Reuters beat revenue expectations and raised its annual financial forecast on Thursday as it continued to invest heavily in artificial intelligence.
The Toronto-based news and information provider reported first quarter revenue up 8% to $1.88 billion, from $1.74 billion a year earlier. Wall Street expected $1.85 billion in the quarter, according to LSEG.
Operating profit, which rose 10% to $557 million, fell short of expectations of... (continue reading...)
By Chibuike Oguh
NEW YORK (Reuters) - Apollo Global Management said on Thursday its first-quarter adjusted net income rose 26% year-on-year, driven mostly by growth in management fees as well as earnings from its flagship annuities business.
Adjust net income rose to $1.1 billion, up from $825 million a year earlier. That translated to adjusted net income per share of $1.72, which came in slightly lower than the average Wall Street... (continue reading...)
By Patrick Wingrove
(Reuters) - Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines was higher.
Sales of Moderna’s COVID-19 shot Spikevax, its only marketed product, dropped 91% from the previous year to $167 million for the quarter but surpassed analysts’ expectations of $97.5 million.
The Cambridge,... (continue reading...)
(Reuters) - Stanley Black and Decker beat analysts' expectations for first-quarter profit on Thursday, as strong residential construction activity in the United States aided demand for its industrial tools and products.
A tight supply of existing homes in the United States has pushed buyers to opt for newly constructed houses, spurring residential construction.
The manufacturer provides hand tools, power tools and industrial products to... (continue reading...)
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