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Dr. Reddy's to Acquire Haleon's Nicotine Addiction Drug
2024 Jun 27, 2:46pm | 863Dr. Reddy's Laboratories (NYSE: RDY) has announced a definitive agreement with Haleon plc (NYSE: HLN) to acquire its global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy category, excluding the United States. The impending acquisition will add Nicotinell...
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Charles River's RMS Growth Aids Amid FX Headwind
2024 Jun 27, 2:45pm | 949Charles River Laboratories' (NYSE: CRL) Research Models and Services (RMS) business continues to benefit from the Charles River Accelerator and Development Labs (CRADL) initiative. Yet, the global business environment remains challenging, denting the company's growth. The stock carries a...
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FedEx Q4 Earnings Surpass Estimates
2024 Jun 26, 12:57pm | 646FedEx (NYSE: FDX) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.34 per share. This compares to earnings of $4.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.31...
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Roche's Ocrevus Subcutaneous Gets European Commission Nod
2024 Jun 26, 12:06pm | 873Roche (OTC: RHHBY) announced that the European Commission has granted marketing authorization to the subcutaneous formulation of relapsing multiple sclerosis (RMS) and primary progressive multiple sclerosis (PPMS) drug Ocrevus (ocrelizumab). The approval is based on pivotal data from the late-...
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GE HealthCare's New Tie-Up to Boost CVD Workflow
2024 Jun 26, 12:05pm | 794GE HealthCare Technologies Inc. (NASDAQ: GEHC), along with Heart Hospital of New Mexico at Lovelace Medical Center (HHNM), announced HHNM as the first location in the United States to install GE HealthCare's latest Allia Image Guided System Pulse. The Allia IGS Pulse system is expected to...
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MillerKnoll to Report Q4 Earnings: What's in Store?
2024 Jun 26, 12:04pm | 653MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its fourth-quarter fiscal 2024 results on Jun 26, 2024, after market close. In the last reported quarter, the company's earnings topped the Zacks Consensus Estimate by 2.3% but decreased 16.7% year over year. However, net sales missed the...
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Mosaic Gains on Strong Demand Amid Soft Fertilizer Pricing
2024 Jun 26, 11:21am | 735The Mosaic Company (NYSE: MOS) is gaining from healthy demand for phosphate and potash and actions to improve its cost structure amid headwinds from weaker fertilizer prices. The company's shares are down 15.5% over a year compared with a 17.4% decline recorded by its industry. Image Source:...
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Agnico Eagle Bumps Up Stake in Maple Gold Mines to 19.9%
2024 Jun 25, 3:13pm | 679Agnico Eagle Mines Limited (NYSE: AEM) acquired 33,821,842 Maple Gold Mines Ltd. (OTC: MGMLF) common shares for 8.5 cents per share, totaling approximately C$2.87 million. Shares were purchased from several sellers who had acquired them through a flow-through Common Shares offering by Maple....
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Mosaic's April and May Sales Volume and Revenues Down
2024 Jun 25, 3:12pm | 652The Mosaic Company (NYSE: MOS) disclosed its combined sales volumes and revenues by business unit for April and May 2024. During this period, potash sales volume reached 1,314,000 tons, down from 1,617,000 tons reported in the year-ago period. Revenues dropped to $371 million from $672 million...
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Illumina Rises on Conclusion of GRAIL Divestment
2024 Jun 25, 3:10pm | 1086Following three years of nonstop regulatory hassles, Illumina (NASDAQ: ILMN) finally gave up on GRAIL (NASDAQ: GRAL), leading to the successful completion of its spin-off yesterday. Following the announcement, shares of Illumina rose 1.5% at yesterday's close and also edged up 0.1% during the...
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BASF-Encina Announce Long-Term Recycled Benzene Deal
2024 Jun 24, 3:57pm | 635BASF SE (OTC: BASFY) and Encina Development Group, LLC, an ISCC PLUS certified circular chemicals manufacturer, announced a long-term supply agreement for chemically recycled circular benzene derived from post-consumer end-of-life plastics. This marks a significant move in sustainable sourcing, as...
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How Did the Weekly EIA Data Impact the Natural Gas Market?
2024 Jun 24, 1:15pm | 1132The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers affected natural gas futures, which settled with a loss week over week. However, signs of production pullback, resurgence of LNG exports, and...
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Seagate Collaborates With eBay to Boost Sustainability
2024 Jun 19, 1:14pm | 745Seagate Technology Holdings plc (NASDAQ: STX) is collaborating with eBay to set up its storefront on the latter's e-commerce platform. The storefront on eBay (NASDAQ: EBAY) will establish a direct channel for STX's consumers to gain access to "factory-recertified" hard drives...
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La-Z-Boy Q4 Earnings and Sales Beat Estimates, Down Y/Y
2024 Jun 18, 3:50pm | 1020La-Z-Boy Incorporated (NYSE: LZB) reported better than expected fourth-quarter fiscal 2024 (ended Apr 27, 2024) results, with earnings and sales surpassing the Zacks Consensus Estimate. The metrics declined on a year-over-year basis due to reduced spending on furniture and home furnishings, with...
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Lennar Q2 Earnings & Revenues Beat Estimates, Orders Up
2024 Jun 18, 3:50pm | 1024Lennar Corporation (NYSE: LEN) reported second-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, both the top and bottom lines increased, given the company's emphasis on maintaining a steady production rate to drive...
Coverage of Earnings Beats.