Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose Monday night, after the memory chip maker reported third-quarter tax earnings and sales that exceeded guidance released by the company just a month ago. Micron shares (ticker: MU) rose 6% in the extended session. Shares closed 1.4% …
Read More »Tesla’s second-quarter COVID impacted sales will be a catalyst for stocks next week
Tesla Inc. is expected to report its April-June sales next week, and Wall Street hopes to gauge how much the shutdown of the Silicon Valley automaker’s only U.S. automaker has affected the 2020 sales targets. . Tesla TSLA, -2.66% reports quarterly deliveries, which are your sales representative, and production numbers …
Read More »Bristol-Myers Squibb Cancer Drug Pipeline Could Lead Sales of $ 20 Billion
Text size Bristol-Myers Squibb is telling analysts this week that its portfolio of developing drugs could generate more sales than anyone expected. In a series of online meetings that started Monday, the drug maker raised its forecast for annual sales it could get from advanced-stage candidates from $ 15 billion …
Read More »New home sales increased in May as buyers scrambled to find properties to buy.
The numbers: Sales of newly built single-family homes occurred at a seasonally adjusted annual rate of 676,000 in May, the government reported Tuesday. That represented a 16.6% increase from the revised downward pace of 580,000 in April. Compared to the previous year, new home sales increased 12.7% in May. Analysts …
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