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Baxter International Q1 Results Top Estimates; Boosts FY23 Adj. EPS Outlook
Health care company Baxter International Inc. (BAX) reported Thursday that net income attributable to Baxter for the first quarter declined to $44 million or $0.09 per share from $71 million or $0.14 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.59 per share, compared to $0.93 per share in the year-ago quarter.
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Bristol-Myers Squibb Affirms FY23 Outlook; Q1 Adj. EPS Tops Estimates
While reporting financial results for the first quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) affirmed its adjusted earnings and revenue growth guidance for the full-year 2023.
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Merck Q1 Results Top Estimates; Boosts FY23 Outlook
Biopharmaceutical company Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, reported Thursday that first-quarter net income attributable to the company declined 35 percent to $2.82 billion or $1.11 per share from $4.31 billion or $1.70 per share in the prior-year quarter.
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Applied Industrial Boosts FY23 Outlook As Q3 Results Top Estimates
While reporting financial results for the third quarter on Thursday, Applied Industrial Technologies Inc. (AIT) raised its earnings and sales growth guidance for the full-year 2023, based on the third-quarter performance.
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Sensex, Nifty End Higher Amid F&O Expiry
Indian shares rose notably on Thursday, with upbeat earnings results from U.S. tech companies, falling oil prices and gains in rupee helping underpin investor sentiment.
The benchmark S&P BSE Sensex climbed 348.80 points, or 0.58 percent, to 60,649.38, with financials leading the surge.
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Swiss Franc Declines Amid Risk Appetite
The Swiss franc was lower against its major counterparts in the European session on Thursday, as a string of strong tech earnings offset lingering concerns about the U.S. banking sector.
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Deutsche Bank Q1 Results Rise; Stock Up
Deutsche Bank AG shares were gaining around 2 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German banking major on Thursday reported higher profit and revenues in its first quarter. The company recorded highest quarterly profit before tax since 2013, and highest quarterly net revenues since 2016.
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more news
European Shares Broadly Higher Amid Earnings Deluge
European stocks were broadly higher on Thursday as investors digested mostly positive earnings results and looked ahead to the release of U.S. GDP data due later in the day for direction.
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FTSE 100 Edges Lower On Mixed Earnings
U.K. stocks were slightly lower on Thursday as investors digested mixed earnings results and looked ahead to the release of U.S. GDP data due later in the day.
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CAC 40 Edges Higher In Cautious Trade
French stocks rose slightly on Thursday and the euro hovered near a one-year high against the dollar as Europe's resilient economy contrasted with the baking turmoil and an impending recession in the United States.
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DAX Holds Steady Amid Earnings Deluge
German stocks were flat to slightly higher on Thursday as investors reacted to a slew of earnings results and looked forward to the release of U.S. GDP data later in the day for directional cues.
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Asian Shares Rise Despite US Bank Woes
Asian stocks ended Thursday's session mostly higher, as a string of strong tech earnings offset lingering concerns about the U.S. banking sector.
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European Economic News Preview: Eurozone Economic Sentiment Data Due
Economic confidence data from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases retail sales and household consumption data. Sales are forecast to grow 0.3 percent on month in March, following a 0.2 percent rise in February.
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