Key Takeaways Pfizer earnings and revenue growth both outpaced analyst predictions. The company has delivered over 1 billion doses of its COVID-19 vaccine developed with BioNTech. Pfizer’s business excluding the COVID-19 vaccine has achieved 10% year-over-year operational revenue growth, indicating strength outside of that key area as well. Pfizer Earnings Results Metric Beat/Miss/Match Reported Value
Investing
(Click here to subscribe to the new Delivering Alpha newsletter.) For more than a decade, the stock market has been shrinking, thanks to share buybacks, leveraged buyouts, cash-based M&A and bankruptcies. That’s all changed recently with the massive supply of IPOs — both of traditional companies as well as SPACs. Patrick Healy, CEO of private equity firm
Pfizer has raised its full-year revenue projections for its coronavirus vaccine by almost a third after the shot helped the drugmaker to almost double its sales in the second quarter. The US group, which markets a widely used Covid-19 vaccine along with Germany’s BioNTech, upgraded its 2021 revenue forecast for the shot to $33.5bn from
A BGC Partners employee in London has admitted he owes the company £14.7m after the US broker-dealer sued, alleging a years-long fraud. Michael Viney, a tax adviser who the company has suspended, said in a court filing that he was liable to repay BGC the cash but did not address whether he improperly received the
What Is Market Share? Companies increase market share through innovation, strengthening customer relationships, smart hiring practices, and acquiring competitors. A company’s market share is the percentage it controls the total market for its products and services. Understanding Market Share Market share is calculated by measuring the percentage of sales or percentage of units a company
Big Tech profits have surged to unexpected heights, even as the global economy has started to emerge from the coronavirus pandemic that gave a boost to the biggest technology companies last year. Earnings announced by Apple, Alphabet and Microsoft on Tuesday showed that demand for digital services and gadgets has continued to soar, making tech the biggest beneficiaries of
Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press
We’ve been driving 100 per cent electric since 2014. Our first car barely made 65 miles on one charge in the winter, resulting in frequent “range anxiety” on trips longer than the school run. The fact that we still managed to go as far as Devon and Manchester is entirely thanks to the Electric Highway.
If you’re hoping to stretch your retirement dollars further, a move abroad may be the answer. Living in a foreign land offers a chance to see more of the world and can offer a lower cost of living. But which are the best countries for retirees? International Living’s Annual Global Retirement Index highlights the best
In this article UPS Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia. Casey Sykes | Getty Images Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter
The US Centers for Disease Control and Prevention revised its guidance for vaccinated people on wearing masks indoors, in a significant climbdown from a decision it made just two months ago spurred by the rapid spread of the Delta variant. The public health body now recommends that vaccinated people should wear masks indoors in areas
Profits at Iceland rose 31 per cent in what one analyst termed a “breakthrough year”, but the frozen food group continues to face questions over its forays into the restaurant sector. Lannis, the parent company for the privately held retailer, said in accounts filed with Companies House on Tuesday that sales rose 16 per cent
When you purchase a stock, do you use data to drive your decision? Have you ever looked at the fundamental analysis section of a stock’s information and found yourself lost? In this article, we will put together some of the most important metrics and explain how to use them to make more informed decisions. Return
In this article TKWY-NL An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019. Chris Ratcliffe | Bloomberg via Getty Images LONDON — Just Eat Takeaway.com is one of Europe’s biggest food delivery
Credit Suisse has hired an executive from Goldman Sachs as its chief risk officer, as the Swiss bank sets about reinforcing its controls following a spate of crises. David Wildermuth, who has been deputy risk officer at Goldman since 2015, will move from New York to Zurich to take up his new post by February
When Chinese president Xi Jinping told a group of educators in March that the country’s school tutoring sector was “a chronic disease”, it seemed like just another warning about inequality and other social ills in the run-up to celebrations to mark the centennial of the Chinese Communist party. But unbeknown to the $100bn-a-year industry, the
No matter how many kids you have, whether it be one or 10, most parents face a common problem—too much stuff piling up. At the end of each season, you might find yourself with piles of clothes, shoes, used toys, and other odds and ends that your children have grown out of and are taking
All New York City workers, including police, fire and education employees, will be required to be vaccinated by mid-September or else submit to a weekly test, the city’s mayor announced. The deadline for the mandate will be September 13, when the autumn school term begins, and healthcare will next week become the first sector that
Omar Marques | LightRocket | Getty Images In typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow on Saturday. Rather than holding the event behind doors among investment bankers and hedge funds, as is typical, the event was democratized as Robinhood management fielded questions from everyday investors. Robinhood is seeking a market valuation
When South African rooibos tea became the first African foodstuff to join French champagne and Cypriot halloumi on the EU’s “protected designation of origin” list this year, it was only the latest landmark for one of the country’s most distinctive exports. The reddish, caffeine-free drink — rooibos means “red bush” in Afrikaans — has become
Investing in real estate has become a popular way to diversify your investment portfolio. Everywhere we look, we’re constantly reminded of the benefits of buying property, from the many infomercials about real estate seminars, or the home shows that tote the incredible value of managing or flipping rental properties. But it isn’t that easy. After
Luxury goods leader LVMH has steamed ahead again in the second quarter, selling more Louis Vuitton handbags and Moët champagne to affluent consumers and putting it on track to far exceed its pre-pandemic sales this year. The group, which is controlled by billionaire Bernard Arnault, benefited from strong demand in the US and China, its
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Blue Origin founder Jeff Bezos on Monday offered to cover billions of dollars of
Public employees in the state of California and New York City will be required to get a Covid-19 vaccine or submit to weekly testing, as officials across the country try to curb a rising number of infections tied to the spread of the contagious Delta variant. The moves by the most populous state and city
Key Takeaways Analysts estimate adjusted EPS of $0.03 vs. -$0.16 for Q2 FY 2020. Aviation segment revenue is expected to post its first increase in six quarters. Companywide revenue in Q2 is expected to improve YOY for the first time in three years. General Electric Co. (GE) has suffered a string of earnings declines, losses
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs. So far
A wave of dealmaking in America’s shale patch is intensifying, wiping out weak players and leaving the once-fractured sector in the hands of a new breed of “super independents”. More than $30bn in oil and gas deals were done in the second quarter and analysts and bankers expect the run of dealmaking to continue. Investors
European equities dipped from a record high reached on Friday as investors turned cautious ahead of the US Federal Reserve’s latest monetary policy decision on Wednesday. The Stoxx Europe 600 index fell 0.5 per cent, following declines in Asia driven by a crackdown on education companies in China and jitters about the US central bank
Buying a home can be challenging for a first-timer. After all, there are so many steps, tasks, and requirements, and you may be anxious about making an expensive mistake. But first-time homebuyers actually enjoy some special advantages created to encourage new entrants into the real estate market. To demystify the process so you get the
Los Angeles County health officials reported 2,089 new coronavirus cases on Sunday, with health officials expressing concern over rising hospital admissions as the highly contagious Delta variant continues to spread. There are 716 people being treated for Covid-19 in county hospitals, up from 452 on July 16, officials said. The county also reported four new