Pfizer stock gains after raising annual earnings outlook (NYSE:PFE)

Category: Finance

Pfizer's shares rose 4.1% after the company exceeded Q2 earnings expectations and raised its full-year outlook, driven by its oncology portfolio and cost realignment efforts. Adjusted earnings were $0.60 per share on $13.28B revenue, marking the first year-over-year revenue growth since Q4 2022. Despite declines in COVID-19 product revenues, overall operational revenue grew 3%. The company raised its 2024 revenue guidance by $1B, anticipating 9-11% growth excluding COVID products.

Keywords: Pfizer, earnings report, revenue growth

Source: Seeking Alpha

Update At: 7/30/2024

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Super Micro announces 10-for-1 stock split, shares plunge 11% on earnings miss

Super Micro Computer's shares fell 11% after the company reported fiscal fourth-quarter earnings below analyst expectations, despite a net income increase to $352.7 million. The company announced a 10-for-1 stock split and expects first-quarter revenues between $6 billion and $7 billion, surpassing Wall Street estimates. The stock has surged 246% in 2023, reflecting strong demand for AI infrastructure.

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Super Micro current quarter guidance tops estimates, but Q1 earnings fall short By Investing.com

Super Micro reported optimistic revenue guidance for the current quarter despite Q1 earnings falling short of estimates. The company announced a 10-for-1 stock split to leverage the growing demand for AI hardware. For fiscal Q1, non-GAAP net income per diluted share is projected between $6.69 and $8.27, with sales expected between $6.0 billion and $7.0 billion. The company anticipates net sales of $26.0B to $30.0B for fiscal year 2025, below analyst estimates.

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SMCI Earnings: Super Micro Computer Slips amid Mixed Q4 Results - TipRanks.com

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SMCI earnings call will be under microscope for Nvidia read through By Investing.com

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Uganda's Chemutai settles for silver as Bahrain's Yavi smashes women's 3,000m Steeplechase Olympic gold

Six senior staff positions at the Bank of Uganda are vacant following a recent reshuffle, effective August 6, 2024, after board approval of the new organizational structure.

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