Check out the companies making headlines before the bell. Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of the food and beverage company fell 2% after Pepsi’s fourth-quarter revenue missed expectations . Revenue came in at $27.78 billion, while analysts had forecast $27.89 billion, per LSEG. Demand for its snacks and drinks fell for the fifth straight quarter in North America. Merck —…
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A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Corp. is finally getting into the direct-to-consumer streaming game.The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the year.The streaming service is not meant to upend Fox’s place in the traditional bundle, said CEO Lachlan Murdoch on the company’s quarterly earnings call.The move comes after Fox, alongside Warner Bros.…
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganWarren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM, boosting its stake in the satellite radio company to over 35%.The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday, according to a filing with the Securities and Exchange Commission Monday evening. Berkshire now owns 35.4% of SiriusXM.Berkshire first bought Liberty Media’s trackers in 2016 and started piling into SiriusXM’s tracking stocks in the beginning of 2024 in a…
Nvidia should have no issue navigating headwinds tied to global trade and rising competition, allowing shares to hit a fresh all-time high, according to Bank of America. BofA reiterated a buy rating on the artificial intelligence darling, alongside a $190 price target. Bank of America’s forecast implies nearly 63% upside from Monday’s $116.66 close. While Nvidia stock has surged more than 76% over the past year, its shares have been under pressure so far in 2025 and have dipped 13% year-to-date, as the rise of DeepSeek sparked a tech sector sell-off. Investors are reevaluating the AI trade, as they try…
A cargo ship loaded with containers berths at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024.Stringer | Afp | Getty ImagesThe imminent U.S. tariffs are likely to deal a significant blow to China’s already-faltering economy, reinforcing calls for more forceful stimulus measures to bolster the country’s growth.U.S. President Donald Trump on Saturday followed through on a threat made after his presidential victory, imposing 10% tariffs on Chinese goods, starting Tuesday, over Beijing’s alleged failure to prevent the flow of fentanyl into the U.S.The blanket 10% tariffs will be levied on top of the existing tariffs of up…
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter.Shares of the company dropped more than 2% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.96 adjusted vs. $1.94 expectedRevenue: $27.78 billion vs. $27.89 billion expectedPepsi posted fourth-quarter net income attributable to…
Analysts liked what they heard from Palantir after the software company reported another strong quarter and issued rosy guidance. Several analysts raised their price targets and Morgan Stanley capitulated on its sell rating and upgraded the stock. The software platforms company reported revenue expansion of 36% in the fourth quarter, while CEO Alex Karp lauded its use of artificial intelligence to foster growth. The company’s earnings per share also topped analyst expectations. For the full year, Palantir expects sales in the range of $3.74 billion to $3.76 billion, while analysts polled by LSEG forecast $3.52 billion. Shares surged more than…
Sopa Images | Lightrocket | Getty ImagesMerck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street’s expectations, as the company temporarily paused shipments of a key vaccine into China. Shares of Merck fell more than 7% in premarket trading Tuesday.The pharmaceutical giant anticipates 2025 sales of $64.1 billion to $65.6 billion, lower than the $67.31 billion that analysts surveyed by LSEG had expected. In a release, the company said that sales range reflects a decision to halt shipments of Gardasil into China beginning in February through and going through at least mid-2025. Gardasil is a vaccine that prevents…
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations.Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.19, adjusted vs. $1.12 expectedRevenue: $8.37 billion vs. $8.26 billion expectedFor the first quarter, PayPal expects adjusted earnings per share of $1.15 to $1.17, which is higher than the average analyst estimate of $1.13. Earnings for the year will come in at $4.95 to $5.10 a share, topping the $4.90 average estimate, according to LSEG. PayPal also announced a new $15 billion…
An international panel of 14 neonatal and pediatric specialists on Tuesday raised grave doubts about the evidence used to convict the British nurse Lucy Letby, who was found guilty in 2023 of murdering seven babies at the hospital where she worked.In a dramatic news conference in London, the chair of the panel, Dr. Shoo Lee, a Canadian neonatologist, said that the extensive independent review he chaired had found no evidence that Ms. Letby had murdered or attempted to murder any of the babies in her care.He also highlighted damning findings pointing to serious errors in medical care at the unit…
