ADVFN US – Market Content Editor
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UnitedHealth’s Q1 revenue increases 8% to $99.8B
UnitedHealth Group Inc. (NYSE:UNH) reported an 8% increase in revenue for the first quarter of 2024, reaching $99.8 billion and exceeding market expectations. However, the company faced a significant financial setback, recording a net loss of $1.2 billion. This contrasts sharply with the net earnings of $5.7 billion reported in the same quarter the previous…
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J&J’s Q1 2024 sales rise 2.3% to $21.4 billion
Johnson & Johnson (NYSE:JNJ) reported a robust start to fiscal 2024, with a 2.3% increase in first-quarter sales, reaching $21.4 billion. This financial uptick comes after the company’s net income hit $5.3 billion over the same period. In a significant turnaround, J&J’s earnings per share (EPS) surged from a loss of $0.19 last year to…
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Bank of America’s Q1 net income down 18% to $6.7B
Bank of America Corp. announced on Tuesday that its net income in the first quarter of its fiscal 2024 landed at $6.7 billion, dropping 18% from $8.2 billion registered a year prior. Meanwhile, year over year, diluted earnings per share decreased 19% to $0.76, while revenue fell 1% to $25.8 billion, both exceeding expectations. “We…
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Morgan Stanley’s Q1 revenue up 4% to $15.1B
Morgan Stanley (NYSE:MS) reported on Tuesday that its revenue for the first quarter amounted to $15.1 billion, rising by 4.1% compared to the same period in 2023 and higher than expected. Net income grew by 14.4% year-on-year to $3.4 billion, with the diluted earnings per share up 18.8% annually to $2.02. The bank said it…
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US industrial production up 0.4% in March
Industrial production in the United States rose by 0.4% in March after increasing 0.1% in the previous month, the Federal Reserve’s Board of Governors stated in its report published on Tuesday. Manufacturing output rose 0.5% compared to the month before and 0.8% on an annual basis. Mining fell by 1.4% on a monthly basis, and…
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Dow Looks To Snap Six-Day Losing Streak As UnitedHealth Surges
The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as traders pick up stocks at relatively reduced levels following the steep drops seen over the past…
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US housing starts down 14.7% in March
Privately‐owned housing starts in the United States stood at 1,321,000 in March, decreasing by 14.7% compared to February and 4.3% compared to March 2023, according to a Census Bureau report on Tuesday. Single‐family housing starts fell by 12.4% month-on-month to 1,022,000. Building permits for privately owned housing units came to 1,458,000, dropping 4.3% from February.…
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U.S. Index Futures Signal Mixed Trading, Oil Prices Dip
U.S. index futures are mixed in pre-market trading this Tuesday, with the Dow Jones aiming to break a six-day losing streak. At 6:26 AM, the Dow Jones futures (DOWI:DJI) were up 65 points, or 0.17%. The S&P 500 futures fell -0.26%, and the Nasdaq-100 futures lost -0.39%. The 10-year Treasury yield was at 4.649%. In…
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Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News
Live Nation Entertainment (NYSE:LYV) – The U.S. Department of Justice plans to initiate an antitrust lawsuit against Live Nation next month, citing its control over the live event market. Its subsidiary Ticketmaster faced criticism for its management during Taylor Swift’s tour, fueling the investigation. Shares fell 6.8% in Tuesday’s pre-market trading. Ericsson (NASDAQ:ERIC) – Ericsson’s…
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U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data
Following the steep drop seen last Friday, stocks showed another substantial move to the downside over the course of the trading session on Monday. The major averages moved notably higher early in the session but pulled back sharply as the day progressed. The major averages all closed firmly in the red, with the tech-heavy Nasdaq…