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Palantir CEO on generative AI and competition

Palantir (PLTR) earnings Q1 2024

Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Alex Wong | Getty Images Palantir shares fell as much as 7% in Monday extended trading, before paring back earlier losses, after the defense tech firm reported weaker-than-expected...

CVS beats estimates, but cuts full-year profit outlook on higher medical costs

CVS Heath (CVS) Q4 2023 earnings

CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry. The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50...

Walgreens posts earnings beat but slashes quarterly dividend nearly in half

Walgreens (WBA) earnings Q1 2024

Walgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in half.  The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen [its] long-term balance sheet and cash position,” CEO Tim Wentworth, who officially took the helm during...

Moderna posts quarterly loss as company takes $1.3 billion write-down on unused Covid shots

Moderna (MRNA) Q3 earnings report 2023

Moderna on Thursday posted a steep loss for the third quarter as the drugmaker recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product.  Moderna’s total revenue for the period topped Wall Street’s expectations, even amid plummeting demand for its shot. Its outlook for next year, however, came in...

Arm CEO: China business reflects growth we see in the rest of the world

Arm China ‘doing well,’ CEO says, as Son reduces China exposure

You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. Arm’s China subsidiary is “doing well” with strong potential in data center and automotive applications, despite the geopolitical tumult of the past few years, Arm Holdings CEO Rene Haas said in an interview with CNBC ahead...

Arm opens at $56.10 per share in market debut

(ARM) starts trading on the Nasdaq in win for SoftBank

Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023. Brendan Mcdermid | Reuters Arm Holdings, the chip design company controlled by SoftBank, jumped nearly 25% during its first day of trading Thursday after selling shares...

Merck CEO Rob Davis on Q2 results: We continue to see phenomenal growth

Merck (MRK) Q2 earnings report 2023

Merck on Tuesday reported second-quarter revenue that topped expectations on strong sales of its blockbuster cancer drug Keytruda and HPV vaccine Gardasil. The pharmaceutical giant posted a quarterly loss, however, due to charges associated with the company’s acquisition of Prometheus Biosciences earlier this year.  Merck swung to a net loss of $5.98 billion, or $2.35...

3 health-care stocks are in the headlines. How the news impacts our investments

UnitedHealth Group (UNH) earnings Q2 2023

Representatives speak with customers at a UnitedHealthcare store in Queens, New York. Michael Nagle | Bloomberg | Getty Images UnitedHealth Group’s stock price jumped Friday after the health-care conglomerate reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations despite rising medical costs. The results eased investor concerns after the Minnesota-based company flagged a...