Bristol Myers Squibb ‘s earnings beat and rosy outlook Thursday did not resolve lingering issues for the stock. But it was enough, for now. Revenue in the first quarter, which ended March 31, dipped 6% to $11.2 billion but topped estimates of $10.7 billion, according to LSEG. Adjusted earnings per share of $1.80 beat expectations of $1.49. During last year’s Q1, the company reported a loss. BMY YTD mountain Bristol Myers’ year-to-date stock performance. While mostly lower Thursday above $48 each, shares of Bristol Myers have lost around 20% in April on tariff uncertainty and some disappointing news around its…
Author: usaeverydaylife
Thursday marks the 2025 CNBC Stock Draft in which financial professionals, athletes and celebrities are pitted against each other. Each team will make two selections from a list of 60 stocks and commodities. CNBC will track the performance of each team’s investments until Feb. 6, 2026. The team with the best average gains will be crowned victorious. Those participating in this year’s competition include chef Bobby Flay, NBA and CNBC Stock Draft Champion Andre Iguodala and comedian Sebastian Maniscalco. Follow our blog for live updates as each team makes its picks. Source link
A Chipotle store stands in the Bronx on April 23, 2025 in New York City.Spencer Platt | Getty ImagesFrom Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer.At least a dozen companies have cut or pulled their full-year outlooks so far this earnings season, with several more weeks of quarterly reports still on deck.For many companies, tariffs mean higher prices on key commodities, like Peruvian avocados or saccharin to make toothpaste, which will eat into their earnings. But the uncertainty bred…
The trust between Europe and the U.S. is not yet broken despite President Donald Trump’s aggressive tariff policies, Joerg Kukies, acting German finance minister, told CNBC Thursday.”For trust to be broken, a lot more would have to happen because the transatlantic partnership has been built over so many decades that we will not get carried away by the statement of tariffs,” he told CNBC’s Carolin Roth on the sidelines of the IMF World Bank Spring Meetings.Kukies added that during a previous visit to Washington, soon after the 25% tariffs on all cars imported to the U.S. was announced, there did…
Check out the companies making headlines in midday trading: Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecast 67 cents in earnings per share and $771.1 million in revenue. Hasbro added it is not changing its full-year guidance “given the uncertainty of the current tariff environment.” Fiserv — Shares of the software provider plunged 17% after Fiserv’s adjusted revenue missed expectations. Fiserv reported adjusted first-quarter revenue of $4.79 billion, while analysts polled by FactSet expected $4.84 billion. Comcast —…
In this turbulent market, it pays to have a diversified portfolio, according to Morningstar. The financial services firm looked at the performance of different portfolio allocations over the years and found that in 2025 so far, its diversified portfolio has outperformed a “plain vanilla” split of 60% U.S. stocks and 40% high-quality U.S. bonds, as well as an all-stock portfolio. Equities have had a rocky year, thanks to the back and forth over President Donald Trump’s tariffs and concerns about inflation. Stocks rose on Thursday, but the S & P 500 , Dow Jones Industrial Average and Nasdaq Composite are…
An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.Nathan Howard | Bloomberg | Getty ImagesOKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some their plans.”There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years…
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Brendan Mcdermid | ReutersServiceNow shares surged 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment.The enterprise technology company posted adjusted earnings of $4.04 per share on $3.09 billion in revenue. That topped a consensus estimate of $3.83 in EPS and $3.08 billion in sales, according to LSEG. Revenues grew about 19% from a year ago.ServiceNow reported net income of $460 million, or $2.20 per share. That’s up…
A year of rapidly slumping poll results for the Liberal Party that has governed Canada for nearly a decade was bad enough. But then there came the almost unthinkable: a defeat in a special election in downtown Toronto, the party’s longtime electoral fortress.The defeat last year, many analysts believe, triggered the chain of events that led to Justin Trudeau’s resignation as prime minister and the federal election that will be held on Monday.Voters in Toronto had been vital to keeping Mr. Trudeau and the Liberals in power through three elections. So the loss of a Toronto district — held by…
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here’s what analysts are expecting.Revenue: $89.2 billion, according to LSEGEarnings per share: $2.02, according to LSEGYouTube advertising revenue: $8.97 billion, according to StreetAccountGoogle Cloud revenue: $12.27 billion, according to StreetAccountTraffic acquisition costs (TAC): $13.66 billion, according to StreetAccountGoogle finds itself at the center of an artificial intelligence arms race where its position may be threatened pending mounting regulation and competition from generative AI companies, including OpenAI and Anthropic. The company is also among those bracing for the potential impact from President Donald Trump’s tariffs, which could result in a…
