Category: Market News
Chevron Corp.s shares CVX, -3.52% slid 3.7% premarket Friday, after the energy giant posted weaker-than-expected fourth-quarter profit, weighing against record earnings for the full year amid strong oil prices. Chevron posted net income of $5.1 billion, or $2.63 a share, in the quarter, swinging back from a loss of $665 million, or 33 cents a […]
Merck & Co. Inc. MRK, +0.40% and partner Ridgeback Biotherapeutics said Friday that data from six preclinical studies of its molnupiravir COVID-19 pill showed “consisent antiviral activity” against the omicron variant of the coronavirus that causes COVID-19. The preclinical studies were conducted independently in Belgium, Czech Republic, Germany, Poland, the Netherlands and the U.S. Molnupiravir […]
Colgate-Palmolive Co. CL, +0.42% reported fourth-quarter net income of $148 million, or 18 cents per share, down from $647 million, or 75 cents per share, last year. Adjusted EPS of 79 cents was in line with the FactSet consensus. Sales of $4.403 billion were down from $4.324 billion last year and just missed the FactSet […]
Shares of Regeneron Pharmaceuticals Inc. REGN, +2.66% were down 0.1% in premarket trading on Friday after the company and Sanofi SNY, -0.23% said they will no longer seek Food and Drug Administration approval for Libtaya as a second-line treatment for cervical cancer. The therapy is currently approved to treat two forms of skin cancer and […]
Moog Inc. MOG.A, +1.90% MOG.B, -6.11% said Friday it is raising its quarterly cash dividend to 26 cents a share, up from the 25 cents paid last quarter. The East Aurora, New York-based maker of components for military and commercial aircraft, satellites and space vehicles said the new dividend will be payable Feb. 28 to […]
VF corp. VFC, -6.52% shares slipped 2.7% in Friday premarket trading after the company reported fiscal third-quarter profit and revenue that missed expectations. Net income totaled $517.8 million, or $1.32 per share, up from $347.2 million, or 88 cents per share, last year. Adjusted EPS of $1.35 missed the FactSet consensus for $1.40. Revenue totaled […]
The numbers: A measure of U.S. inflation preferred by the Federal Reserve leaped 5.8% in 2021 after another sharp increase in December, underscoring why the central bank is moving to raise interest rates for the first time in four years. The cost of goods and services advanced 0.4% in December, based on the government’s personal […]
Novavax Inc. NVAX, +13.71% said Friday it will supply 5 million doses of its protein-based COVID-19 vaccine to Israel as part of an advance purchase agreement, with the Israeli Ministry of Health also taking an option to buy an additional 5 million doses. “Novavax will work with the Ministry of Health to obtain the necessary […]
Shares of earnings reporters Apple Inc. AAPL, +6.98% and Visa Inc. V, +10.60% are the only two of the Dow Jones Industrial Average’s DJIA, +1.65% 30 components that are gaining ground in the premarket, while those of fellow earnings reporters Caterpillar Inc. CAT, -5.19% and Chevron Corp. CVX, -3.52% were among the bigger Dow losers. […]
Caterpillar Inc. CAT, -5.19% reported Friday big profit and revenue beats, as sales of all three of its major business segments rose above expectations, but the stock dropped 1.7% premarket as cost increases outpaced sales growth. Net income nearly tripled, to $2.12 billion, or $3.91 a share, from $780 million, or $1.42 a share, in […]
