PARIS – French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, and came in below analyst expectations. Adjusted net income for the three months to June 30 came to $4.7 billion, compared to $4.96 billion a year earlier and $5.1 billion in the first quarter of 2024, the company said on […]
By America Hernandez PARIS -French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, worse than analysts expected, hurt by lower refined product and gas sales and as European refining margins tumbled. Adjusted net income for the three months to June 30 was $4.7 billion, down from $4.96 billion a year earlier […]
(Reuters) -Anglo-Swedish drugmaker AstraZeneca on Thursday raised its sales and profit forecast for 2024 and topped analyst expectations for second-quarter revenue, buoyed by demand for its therapies for cancer and rare diseases. Sales in the company’s top business, oncology, grew 19% at constant currency rates to $5.33 billion and accounted for 41% of the total, […]
By Pushkala Aripaka and Maggie Fick (Reuters) – Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter revenue on strong demand for its cancer, rare disease and heart disease medicines. Sales in AstraZeneca’s top business, oncology, grew 19% at constant currency rates to $5.33 billion […]
By Manas Mishra (Reuters) -Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its second-quarter results beat estimates. The French drugmaker forecast 2024 earnings per share would remain stable versus 2023 levels, an improvement on its previous expectation of a low […]
(Reuters) – Sanofi’s second-quarter profit rose 3.2% on strong demand for its blockbuster asthma drug Dupixent and better-than-expected sales of new launches, with the company now expecting a stable full-year profit compared to a prior forecast of a fall. Operating income, excluding one-off items, rose 3.2% to 2.81 billion euros ($3.05 billion), above the 2.08 […]
(Bloomberg) — Women and nonbinary venture investors have gained a foothold in the technology industry five years faster than advocacy group All Raise expected, but leaders say a national backlash to diversity, equality and inclusion initiatives threatens the progress that has been made. Most Read from Bloomberg About 18% of decision makers at US venture […]
(Bloomberg) — Shares of SK Hynix Inc. slid by the most in 20 months after a rout in tech stocks, overshadowing strong financial results for the supplier to Nvidia Corp. in the June quarter. Most Read from Bloomberg The company, which produces chips that help train artificial intelligence models, reported sales that more than doubled […]
When Jennifer Wexton rises Thursday to speak on the House floor, something she has done countless times before, the congresswoman will be using a voice she thought was gone forever. After a rare neurological disorder robbed her of her ability to speak clearly, Wexton has been given her voice back with the help of a […]
(Bloomberg) — Shares of Renesas Electronics Corp. plunged by their biggest intraday decline in more than 12 years, hit by a broader tech selloff and investor disappointment over the Japanese chipmaker’s profit miss. Most Read from Bloomberg Renesas’s stock fell as much as 17%, tumbling by their daily limit and wiping out $6 billion in […]
(Bloomberg) — Shares of Renesas Electronics Corp. plunged by the most in more than 12 years, hit by a broader tech selloff and investor disappointment over the Japanese chipmaker’s profit miss. Most Read from Bloomberg Renesas’s stock fell as much as 17%, tumbling by their daily limit. The company, which is nearing the completion of […]
(Bloomberg) — Equities in Asia declined as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. The yen rose for a fourth day ahead of next week’s Bank of Japan meeting. Most Read from Bloomberg Stocks in Japan and South Korea both fell over 2%, with chipmaker SK […]
