Tag: Marketwatch
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 […]
Shares of Eli Lilly & Co. LLY, +3.54% were down 0.9% in premarket trading on Friday after the company said it decided to scrap further development of Olumiant as a possible lupus treatment, based on results from two Phase 3 clinical trials, one of which failed. The drug, which was developed with Incyte Corp. INCY, […]
Baker Hughes BKR, -0.51% on Friday reported that the number of active U.S. rigs drilling for oil was up by four to 495 this week. That followed a fall of just one oil rig the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed […]
Consolidated Edison Inc. ED, +2.26% subsidiary Con Edison is proposing higher rates in 2023, that would boost overall customer electric bills by 11.2% and gas bills by 18.2%, as the New York-based utility looks to fund clean energy investments. Consolidated Edison’s stock rallied 1.5% in afternoon trading. Con ED’s proposal comes as it is seeking […]