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Stocks mixed into Fed meeting, new Apple MacBooks, Caterpillar and Pfizer earnings, AMD on Deck - Five Things To Know

Five things you need to know before the market opens on Tuesday October 31:1. -- Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meeting Stocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.2. -- Apple stocks slips following new MacBook, chip line-up ahead of Q4 earnings Investors are looking for Apple's new MacBook line-up to support a softening of sales for its iPhone 15 heading into the holiday quarter.3. -- Caterpillar shares jump as construction spending powers Q3 earnings beat Caterpillar shares will provide a solid boost for the Dow after the construction equipment giant posted much stronger-than-expected third quarter earnings.4. -- AMD earnings on deck with AI ramp, China export restrictions in focus AMD, which is looking to ramp its new generation of AI chips, will post fiscal first quarter earnings after the close of trading Tuesday.5. -- Pfizer posts narrower Q3 loss amid slumping Covid vaccine sales Pfizer, which warned of a $5.5 billion writedown of its Covid treatment inventories earlier this month, posted a narrower-than-expected third quarter loss Tuesday.
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Leonardo DiCaprio’s new girlfriend wasn't even born when Titanic was released

submitted by /u/BoxoutOverload to r/nottheonion link comments
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*По Β«Π‘ΠΌΠ΅ΡˆΠ°Ρ€ΠΈΠΊΠ°ΠΌΒ» снимут Ρ„ΠΈΠ»ΡŒΠΌ со сцСнариСм БСргСя Π›ΡƒΠΊΡŒΡΠ½Π΅Π½ΠΊΠΎ*

Нас ΠΆΠ΄Ρ‘Ρ‚ научная фантастика с ΠΆΠΈΠ²Ρ‹ΠΌΠΈ Π°ΠΊΡ‚Ρ‘Ρ€Π°ΠΌΠΈ.
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*Pfizer posts narrower Q3 loss amid slumping Covid vaccine sales*

Updated at 7:09 am EDT Pfizer (PFE) - Get Free Report posted a narrower-than-expected third quarter loss Tuesday, while holding its recently-lowered profit forecasts in place amid the ongoing slump in Covid vaccine and treatment sales. Pfizer said its adjusted loss for the three months ended in September was pegged at 17 cents per share, down from a profit of $1.78 over the same period last year but well inside the Wall Street consensus forecast of a loss of 34 cents per share. Pfizer slashed its full-year sales and profits forecasts earlier this month amid a slump in demand for Covid treatments. The group told investors earlier this month that it would write-off around $4.6 billion in inventories of Paxlovid, its oral Covid treatment, while taking a further $5.5 billion non-cash charge against its third quarter earnings. Group revenues, Pfizer said, fell 41.5% to $13.232 billion, missing analysts' estimates of a $13.34 billion tally. Looking into the final months of the year, Pfizer said full-year group revenues would likely come in between $58 billion and $61 billion, down from its early August forecast of between $67 billion and $70 billion, amid slumping sales of its both Paxloid and its Comirnaty Covid vaccine. Pfizer also said adjusted earnings for the full-year will likely be within a range of $1.45 to $1.65 per share, well south of its August forecast of between $3.25 to $3.45 per share. β€œWith a significant uncertainty removed by our recently announced amended Paxlovid supply agreement with the U.S. government, our expectation of additional clarification on global vaccination and treatment rates by the end of the year, and the breakthroughs continuing to emerge from our pipeline, we look forward to concluding 2023 with positive momentum that showcases Pfizer’s long-term growth potential,” said CEO Albert Bourla Pfizer shares were marked 0.56% lower in pre-market trading immediately following the earnings release to indicate an opening bell price of $30.38 each. Investors will likely now focus on Pfizer's ability to pass on price increases for its Covid treatments, now that they've moved from government-controlled distribution. A recent trial suggesting a combination flu/Covid vaccine, which it's developing alongside its German partner BioNTech (BNTX) - Get Free Report, could also support domestic U.S. vaccine rates, currently forecast at around 17%, and the group's overall top and bottom lines. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/pfizer-posts-narrower-q3-loss-amid-slumping-covid-vaccine-sales)
Pfizer posts narrower Q3 loss amid slumping Covid vaccine sales

Updated at 7:09 am EDT Pfizer (PFE) - Get Free Report posted a narrower-than-expected third quarter loss Tuesday, while holding its recently-lowered profit forecasts in place amid the ongoing slump in Covid vaccine and treatment sales. Pfizer said its adjusted loss for the three months ended in September was pegged at 17 cents per share, down from a profit of $1.78 over the same period last year but well inside the Wall Street consensus forecast of a loss of 34 cents per share. Pfizer slashed its full-year sales and profits forecasts earlier this month amid a slump in demand for Covid treatments. The group told investors earlier this month that it would write-off around $4.6 billion in inventories of Paxlovid, its oral Covid treatment, while taking a further $5.5 billion non-cash charge against its third quarter earnings. Group revenues, Pfizer said, fell 41.5% to $13.232 billion, missing analysts' estimates of a $13.34 billion tally. Looking into the final months of the year, Pfizer said full-year group revenues would likely come in between $58 billion and $61 billion, down from its early August forecast of between $67 billion and $70 billion, amid slumping sales of its both Paxloid and its Comirnaty Covid vaccine. Pfizer also said adjusted earnings for the full-year will likely be within a range of $1.45 to $1.65 per share, well south of its August forecast of between $3.25 to $3.45 per share. β€œWith a significant uncertainty removed by our recently announced amended Paxlovid supply agreement with the U.S. government, our expectation of additional clarification on global vaccination and treatment rates by the end of the year, and the breakthroughs continuing to emerge from our pipeline, we look forward to concluding 2023 with positive momentum that showcases Pfizer’s long-term growth potential,” said CEO Albert Bourla Pfizer shares were marked 0.56% lower in pre-market trading immediately following the earnings release to indicate an opening bell price of $30.38 each. Investors will likely now focus on Pfizer's ability to pass on price increases for its Covid treatments, now that they've moved from government-controlled distribution. A recent trial suggesting a combination flu/Covid vaccine, which it's developing alongside its German partner BioNTech (BNTX) - Get Free Report, could also support domestic U.S. vaccine rates, currently forecast at around 17%, and the group's overall top and bottom lines. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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