News Highlights: Top Company News of the Day
Pfizer's Covid-19 Vaccine Lifts Quarterly Results
The pharmaceutical company boosted its full-year guidance for
sales from the vaccine to $26 billion from $15 billion.
CVS Posts Higher Quarterly Profit
The pharmacy and insurance company said its profit and sales
rose for the latest quarter, partly driven by gains from the
rollout of Covid-19 vaccines in the U.S.
KKR Swings to a Profit
Private-equity firm KKR posted a profit in the latest quarter as
it reported positive investment income and revenue.
Apollo Posts Profit as Investments Outpace Broader Market
The New York firm's private-equity portfolio appreciated by 22%
during the first quarter, beating out rivals and easily topping the
S&P 500, which climbed 5.8% during the period.
DuPont Raises 2021 Expectations
DuPont de Nemours raised its full-year sales and
adjusted-earnings expectations as first-quarter adjusted earnings
of 91 cents a share beat analysts expectations of 75 cents on
This Rail Merger Could Become Quite Expensive
Canadian National's higher bid for Kansas City Southern gives it
the upper hand, but exposes it to significant financial risk if
approval falls through.
Clorox's Move to Provide Adjusted EPS Raises Concerns
Clorox's decision to break out adjusted earnings per share is
drawing concern from some analysts who view the change to how the
consumer company measures its corporate value as potentially
The Taiwanese Chip Champion Shaking Qualcomm's Tree
TSMC has attracted increased attention as the U.S.-China rivalry
has intensified and Intel has stumbled. But there's another
Taiwanese chipmaker worth looking at: MediaTek.
Infineon Raises Guidance on Strong Chip Demand
Infineon posted above-forecast second quarter profits and raised
its revenue and margin guidance for the year as demand for chips
continues to surge.
Saudi Aramco Posts 30% Profits Rise
Saudi Aramco profits rose by almost a third in the first quarter
to $21.7 billion, boosted by a stronger oil market and higher
refining and chemicals margins.
(END) Dow Jones Newswires
May 04, 2021 09:15 ET (13:15 GMT)
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