While reporting financial results for the second quarter, drug major Pfizer Inc. (PFE) raised its adjusted earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company now projects adjusted earnings in a range of $2.45 to $2.65 per share on revenues between $59.5 billion and $62.5 billion, with revenues of about $8.5...
While reporting financial results for the second quarter on Tuesday, PayPal Holdings, Inc. (PYPL) raised its earnings and adjusted earnings guidance for the full-year 2024. The company also provided outlook for the third quarter. For the third quarter, the company expects earnings in a range of $0.96 to $0.98 per share and adjusted earnings growth...
American Tower (AMT) reported Tuesday that net income attributable to the company for the second quarter nearly doubled to $900.3 million or $1.92 per share from $475.7 million or $1.02 per share in the prior-year quarter. Adjusted Funds From Operations attributable to AMT common stockholders were $2.79 per share, compared to $2.46 per share last...
Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $759 million or $2.54 per share from $754 million or $2.48 per share in the year-ago quarter. Operating revenue for the quarter edged down 1.2 percent to $4.03 billion from $4.07 billion in the same quarter last year, with...
The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.10 percent. Japan also will release June figures for industrial production, retail sales,...
The total number of building permits issued in New Zealand in June was down a seasonally adjusted 13.8 percent on month, Statistics New Zealand said on Wednesday - after slipping 1.9 percent in May. There were 2,178 new dwellings consented, including 1,122 stand-alone houses; 896 townhouses, flats, and units; 85 retirement village units; and 75...
Industrial output in South Korea was down a seasonally adjusted 0.1 percent on month in June, Statistics Korea said on Wednesday. That beat expectations for a decline of 0.7 percent following the 0.8 percent drop in May. On a yearly basis, industrial output was 0.5 percent. The data also showed that retail sales rose 1.0...
The Malaysia stock market headed south again on Tuesday, one day after ending the three-day slide in which it had slumped more than 15 points or 1 percent. The Kuala Lumpur Composite Index now rests just above the 1,610-point plateau and it may extend its losses on Wednesday. The global forecast for the Asian markets...
Indian shares look set to open on a buoyant note Monday amidst expectations of a U.S. rate cut in September. On the earnings front, Bandhan Bank, Dr Reddy\'s Laboratories, ICICI Bank, IndusInd Bank, KEC International, PNB and Power Grid are among the prominent stocks that will react to their financial results released after market hours...
Indian shares opened on a positive note Monday as a benign June PCE inflation report from the United States lifted hopes for more interest rate cuts this year. The benchmark S&P BSE Sensex was up 323 points, or 0.4 percent, at 81,655 in early trade, while the broader NSE Nifty index was up 83 points,...