Humana Withdraws Its Already Lowered 2025 Profit Guidance
On Wednesday, Humana Inc HUM, in its first quarter earnings remarks, said the company withdrew its already lowered 2025 profit forecast, citing disappointing government Medicare Advantage (MA) reimbursement rates. The insurance firm said the final MA rate notice is not sufficient to address the…#humanainchum #medicareadvantage #humana #fall #hum (Source: Reuters: Health)
Source: Reuters: Health - April 24, 2024 Category: Consumer Health News Source Type: news
[Ad hoc announcement pursuant to Art. 53 LR] Roche sales increase by 2% (CER) in first quarter with both divisions growing in high single digit ex COVID-19
Group sales grew by 2%1 at constant exchange rates (CER) (-6% in CHF), driven by the strong growth of newer medicines and diagnostics. Excluding COVID-19-related products, sales increased by 7%. Going forward, there will be no further material impact of COVID-19 sales declineDue to the appreciation of the Swiss franc against most currencies,saleswere 6% lower when reported in CHFPharmaceuticals Divisionbase business2 grew by 7%, driven by strong sales of medicines to treat severe diseases, such as Vabysmo (eye diseases), Phesgo (breast cancer), Ocrevus (multiple sclerosis), Polivy (blood cancer) and Hemlibra (haemophilia A...
Source: Roche Investor Update - April 24, 2024 Category: Pharmaceuticals Source Type: news
[Ad hoc announcement pursuant to Art. 53 LR] Roche sales increase by 2% (CER) in first quarter with both divisions growing in high single digit ex COVID-19
Group sales grew by 2%1 at constant exchange rates (CER) (-6% in CHF), driven by the strong growth of newer medicines and diagnostics. Excluding COVID-19-related products, sales increased by 7%. Going forward, there will be no further material impact of COVID-19 sales declineDue to the appreciation of the Swiss franc against most currencies,saleswere 6% lower when reported in CHFPharmaceuticals Divisionbase business2 grew by 7%, driven by strong sales of medicines to treat severe diseases, such as Vabysmo (eye diseases), Phesgo (breast cancer), Ocrevus (multiple sclerosis), Polivy (blood cancer) and Hemlibra (haemophilia A...
Source: Roche Media News - April 24, 2024 Category: Pharmaceuticals Source Type: news
Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up
Gucci's revenue declined significantly in the first quarter. CFOTO/Future Publishing via Getty Images Kering predicts a 45% drop in its first half-year operating income because of Asia's consumer slowdown. Gucci, Kering's largest brand, suffered an 18% revenue decline, with a sharp drop in Asia.…#gettyimageskering #kering #yvessaintlaurent #ysl #carolmadjo #gucci #shanghai #sabatodesarno #valentino (Source: Reuters: Health)
Source: Reuters: Health - April 24, 2024 Category: Consumer Health News Source Type: news
Recap: Tesla stock surges despite plunging profits as Musk talks robotaxis and cheaper cars
None Shares rallied 10% in after-hours trading as investors shrugged off falling profits. Tesla reported first-quarter earnings on Tuesday after the closing bell. The electric-vehicle maker posted first-quarter earnings-per-share that fell short of consensus forecasts, but exceeded estimates for…#tesla #elonmusk #robotaxi #drewbaglino #rohanpatel #fsd #fullselfdriving #teslacfo #ford #larsmoravy (Source: Reuters: Health)
Source: Reuters: Health - April 24, 2024 Category: Consumer Health News Source Type: news
Tesla says it's speeding up development of more affordable EVs
Tesla's revenue and profit tumbled in the first quarter, but the company promised to speed up the development of new vehicles as it encounters stiff headwinds in the EV space. Why it matters: Tesla is grappling with slumping sales, increased competition and questions over its spending priorities.…#tesla #spcapitaliq #model3 #model2 #elonmusk (Source: Reuters: Health)
Source: Reuters: Health - April 23, 2024 Category: Consumer Health News Source Type: news
Nidec posts unexpected quarterly loss, hit by restructuring costs
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Source: Reuters: Health - April 23, 2024 Category: Consumer Health News Source Type: news
Nidec Corp. Posts Net Loss on EV-Motor Business Restructuring
Nidec Corp. reported a fourth-quarter net loss on restructuring expenses for its electric-vehicle traction motor business as severe competition disrupts the EV market in China.#nideccorp (Source: Reuters: Health)
Source: Reuters: Health - April 23, 2024 Category: Consumer Health News Source Type: news
3 Stocks to Sell ASAP as Wall Street ’s ‘Fear Gauge’ Flashes Warning Signs
Dump these stocks before the losses continue The stock market hasn’t had a good start to the second quarter. Major indices like the S&P 500 and the Nasdaq 100 seem determined to give up their year-to-date gains. Macroeconomic concerns are heating up as interest rates will likely stay higher for…#supermicro #tesla #netflix #marcguberti (Source: Reuters: Health)
Source: Reuters: Health - April 22, 2024 Category: Consumer Health News Source Type: news
Profit momentum of Big Six tech companies to'collapse' over 2024, UBS says
Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the "Big 6 TECH+" stocks - Apple, Amazon.com,…#ubsglobalresearch #eps #big6tech #apple #amazoncom #alphabet #meta #nvidia #jonathangolub #golub (Source: Reuters: Health)
Source: Reuters: Health - April 22, 2024 Category: Consumer Health News Source Type: news
India ’s Reliance Industries tops fourth-quarter profit estimates on energy boost
India’s Reliance Industries reported fourth-quarter profit above analysts’ estimates on Monday, boosted by strong performance at its mainstay oil to chemicals (O2C) segment. The billionaire Mukesh Ambani-led company said its consolidated profit fell about 2 per cent to 189.51 billion Indian rupees…#relianceindustries #mukeshambaniled #reliance (Source: Reuters: Health)
Source: Reuters: Health - April 22, 2024 Category: Consumer Health News Source Type: news
Truist ’s Loan Income Misses Estimates as Deposit Costs Weigh
Truist Financial Corp. posted lower first-quarter lending profits than analysts expected as it was forced to pay customers more for deposits with interest rates remaining elevated, and the bank trimmed its revenue guidance for the rest of the year. • None Trump Has Only $6.8 Million for Legal Fees…#truistfinancialcorp #nonetrump #bernankepitches #charlotte #northcarolina #nii #billrogers #federalreserve #jpmorganchaseco #wellsfargoco (Source: Reuters: Health)
Source: Reuters: Health - April 22, 2024 Category: Consumer Health News Source Type: news
Huayou Profit Slumps 49% in First Quarter on Battery Metals Rout
(Source: Reuters: Health)
Source: Reuters: Health - April 22, 2024 Category: Consumer Health News Source Type: news
Jay Powell just made 2024 more of a puzzle for regional banks
Federal Reserve Chair Jay Powell is making the rest of 2024 more complicated for regional banks. This past week 12 of the nation's best-known midsize lenders reported sizable drops in first quarter profits thanks largely to the effect elevated interest rates are having on their operations. Many of…#federalreservechair #jaypowell #takeusbancorp #minneapolis #usbancorp #andycecere #pittsburgh #pnc #billdemchak #firsthorizon (Source: Reuters: Health)
Source: Reuters: Health - April 21, 2024 Category: Consumer Health News Source Type: news
All about Solana ’s $796M ‘loss’
Solana witnessed a massive decline in revenues over the past quarter. Solana [SOL] has been one of the networks that saw a massive surge in interest over the last few months. Even with this, Solana had some problems in the first quarter of 2024. A review of top blockchains in Q1 2024 revealed a…#tron #bnbchain #solana #artemis #solanafloor #solananft #dexes (Source: Reuters: Health)
Source: Reuters: Health - April 21, 2024 Category: Consumer Health News Source Type: news
