Pfizer's first-quarter results top estimates, while drugmaker boosts full-year profit outlook

Pfizer on Wednesday reported first-quarter results that beat analyst expectations, and raised its full-year profit guidance as cancer and heart-disease drugs helped offset plummeting COVID product sales. 


 
Mastercard's stock falls after earnings as company cuts full-year growth outlook

The company lowered its revenue-growth forecast for 2024 and showed a slowdown in volume growth for April. 


 
CVS Made a Big Bet on Medicare. It's Looking Risky.

The company's Medicare business, hit by higher medical costs, pushed down CVS's first-quarter earnings. 


 
Kraft Heinz Sales Fall Again. The Stock Is Down.

The seller of mac and cheese, ketchup reported a year-over -year sales decline in the first quarter, following a similar decline in the previous quarter. 


 
MLB Fans in Some Cities Lose Access to Local Games in Carriage Spat

Comcast and Diamond Sports Group failed to reach a new carriage agreement, leaving subscribers in some markets without access to Bally Sports regional networks. 


 
Yum! Brands Stock Takes a Spill as Earnings and Sales Come in Light

Same-store sales decline at KFC and Pizza Hut, while Taco Bell sales edge higher. 


 
DuPont Stock Is Up. The Semiconductor Business Is Improving.

Wednesday, DuPont reported first-quarter adjusted earnings per share of 79 cents from sales of $2.9 billion. Wall Street was looking for 65 cents from sales of $2.8 billion. 


 
China EV Makers Post Higher April Sales Amid Price War

BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars. 


 
J&J Offers $6.5 Billion for Talc Lawsuits Ahead of Third Bankruptcy Filing

The healthcare-products company plans to file a third bankruptcy case to resolve talc-related liabilities if enough injury claimants accept its offer first. 


 
Amazon Gets More Fuel for AI Race

Capital spending under CEO Andy Jassy will go up "meaningfully," but record operating margins driven by retail, cloud and advertising will ease the pain.


(END) Dow Jones Newswires

05-01-24 0915ET