Page 5 - Devika Syamnath News Today

Estee Lauder raised its annual profit forecast and beat Wall Street targets for third-quarter sales on Wednesday, as demand for the MAC lipstick makers higher-priced skincare and fragrances rebounded...

The tech-heavy Nasdaq and the benchmark S&P 500 slipped on Wednesday as chip stocks led losses on downbeat results and markets weighed fresh economic data ahead of the Federal Reserves interest rate...

Sky-rocketing demand for Mounjaro and Zepbound, both chemically known as tirzepatide, has propelled the drugmaker's market value above $700 billion - surpassing both Tesla and Walmart. Lilly said its raised forecast reflects "greater clarity about the company's production expansion for the remainder of the year". In the short- to mid-term, the U.S. drugmaker expects sales growth for its weight-loss and diabetes treatments to primarily depend on how much it can produce and s...

Food distributor Sysco fell short of third-quarter sales expectations on Tuesday as demand took a hit from consumers scaling back discretionary spending. Shares of the Texas-based...

Illinois Tool Works raised its annual profit forecast on Tuesday and beat market estimates for first-quarter profit, even as revenue dropped 1%. Elevated loan expenses have...

Eli Lilly beat Wall Street estimates for first-quarter profit on Tuesday, helped by rising demand for its weight-loss treatment Zepbound and type 2 diabetes drug Mounjaro. The...

Electrical equipment maker Hubbell on Tuesday reported a better-than-expected profit for the first quarter, bolstered by strong demand from utilities for its smart meters and control devices used...

* Eli Lilly jumps after raising annual profit forecast ...

(Reuters) - Wall Streets main indexes opened lower on Tuesday after stronger-than-expected labor costs signaled persistent inflationary pressures, ...

Futures tracking Wall Streets main indexes were subdued on Tuesday as investors refrained from placing big bets ahead of the Federal Reserves interest rate decision and kept a close eye on a stream...