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Estee Lauder raised its annual profit forecast and beat Wall Street targets for third-quarter sales on Wednesday, as demand for the MAC lipstick maker's 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 Reserve's 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 ship.
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...