Pfizer Stock Lower As Covid Sales Power Q2 Earnings Beat

Pfizer Stock Lower As Covid Sales Power Q2 Earnings Beat

Updated at 10:00 am EST Pfizer Inc. (EFP) – Get Pfizer Inc. Report posted stronger-than-expected second quarter earnings Tuesday, as well as record revenues, while nudging its full-year profit forecast higher amid improving sales of its Covid treatments. Pfizer said adjusted earnings for the three months ending in June were pegged at $2.04 per share, … Read more

Microsoft Stock Higher As Robust Outlook Offsets Q4 Earnings Miss

Microsoft Stock Higher As Robust Outlook Offsets Q4 Earnings Miss

Updated at 6:11 pm EST Microsoft (MSFT) – Get Microsoft Corporation Report posted weaker-than-expected fourth quarter earnings Tuesday as a surging US dollar blunted the impact of overseas demand for its flagship cloud computing division. Microsoft said revenues for Azure, its flagship cloud division, rose 40% from last year, notably slowing from its prior quarter … Read more

Verizon Stock Set for Worst Week Since 2008. Time to Buy?

Verizon Stock Set for Worst Week Since 2008. Time to Buy?

Yesterday it was AT&T (T) – Get AT&T Inc. Report; today it’s Verizon (VZ) – Get Verizon Communications Inc. Report. The stocks of the country’s two largest telecom companies are uncharacteristically volatile as they report second-quarter earnings. On Thursday, Verizon shares fell 2.9% in sympathy with AT&T’s earnings selloff. While AT&T beat on earnings expectations, … Read more

Tesla Blasts Q2 Earnings Forecast, But Profit Margins Narrow

Tesla Blasts Q2 Earnings Forecast, But Profit Margins Narrow

Updated at 4:41 pm EST You’re here (TSLA) – Get Tesla Inc. Report posted stronger-than-expected first quarter earnings Wednesday, although its profit margins narrowed amid surging input costs, sending shares lower in after-hours trading. Tesla said adjusted earnings for the three months ending in June were pegged at $2.27 per share, up 56.5% from the … Read more