*Pfizer surprises with Q4 profit as primary-care sales offset covid slump*

Updated at 7:54 AM EST Pfizer (PFE) - Get Free Report posted a surprise fourth-quarter profit Tuesday, while sticking to its 2024 earnings forecasts, as better-than-expected sales from its primary-care division offset the ongoing slide in covid-related revenue. Pfizer said adjusted earnings for the three months ended in December were 10 cents a share, down from a profit of $1.14 over the same period a year earlier but well inside the Wall Street consensus forecast of a loss of 22 cents a share. Group revenue, Pfizer said, fell 41.4% to $14.25 billion, narrowly missing analysts' estimates of a $14.4 billion tally, thanks to what the company called an "expected decline in Comirnaty and Paxlovid" sales, referencing its Covid antiviral treatment and vaccine.Related: Humana plunge intensifies on medical-cost warning Slumping vaccine sales, which pushed overall revenue past $100 billion in 2022, forced the drugmaker to lower its 2023 profit projections in October. Pfizer told investors at the time that it would write off around $4.6 billion in inventories of Paxlovid, its oral covid treatment, and booked a further $5.5 billion noncash charge against its third-quarter earnings. Pfizer also affirmed its 2024 profit guidance, with a range of between $2.05 to $2.25 per share that includes a 40-cent hit from its $43 billion acquisition of cancer-drug specialist Seagen. Group revenue, Pfizer said, should range between $58.5 billion and $61.5 billion. “We are encouraged by the strong performance of our non-covid products in the fourth quarter of 2023, including significant contributions from new launches and robust year-over-year growth for several key in-line brands," said CEO Albert Bourla. In a statement on Jan. 30, 2024, Pfizer CEO Albert Bourla touted the health-care giant's non-covid product sales. Steven Ferdman/Getty Images "We are entering 2024 with a solid foundation," he added. "We believe our commitment to execution, maximizing the performance of our new products, and delivering the next wave of pipeline innovation will fuel Pfizer’s growth and make a difference in the lives of patients everywhere.” Pfizer shares were marked 0.4% higher in premarket trading immediately following the earnings release to indicate an opening bell price of $27.758 each. Last month, Pfizer said it would not advance a study of a two-dose obesity treatment, danuglipron, following a high level of side effects in patients involved in the Phase II trial. The decision marked a significant setback in Pfizer's ambitions to enter the weight-loss-drug market, which is currently dominated by Novo Nordisk's Wegovy. Pfizer rival Eli Lilly (LLY) - Get Free Report also won approval for its own weight-loss treatment, Zepbound, from the Food and Drug Administration in November.Related: Veteran fund manager picks favorite stocks for 2024
[Read more...](https://www.thestreet.com/investing/stocks/pfizer-surprises-with-q4-profit-as-primary-care-sales-offset-covid-slump)

Pfizer surprises with Q4 profit as primary-care sales offset covid slump

Updated at 7:54 AM EST Pfizer (PFE) - Get Free Report posted a surprise fourth-quarter profit Tuesday, while sticking to its 2024 earnings forecasts, as better-than-expected sales from its primary-care division offset the ongoing slide in covid-related revenue. Pfizer said adjusted earnings for the three months ended in December were 10 cents a share, down from a profit of $1.14 over the same period a year earlier but well inside the Wall Street consensus forecast of a loss of 22 cents a share. Group revenue, Pfizer said, fell 41.4% to $14.25 billion, narrowly missing analysts' estimates of a $14.4 billion tally, thanks to what the company called an "expected decline in Comirnaty and Paxlovid" sales, referencing its Covid antiviral treatment and vaccine.Related: Humana plunge intensifies on medical-cost warning Slumping vaccine sales, which pushed overall revenue past $100 billion in 2022, forced the drugmaker to lower its 2023 profit projections in October. Pfizer told investors at the time that it would write off around $4.6 billion in inventories of Paxlovid, its oral covid treatment, and booked a further $5.5 billion noncash charge against its third-quarter earnings. Pfizer also affirmed its 2024 profit guidance, with a range of between $2.05 to $2.25 per share that includes a 40-cent hit from its $43 billion acquisition of cancer-drug specialist Seagen. Group revenue, Pfizer said, should range between $58.5 billion and $61.5 billion. “We are encouraged by the strong performance of our non-covid products in the fourth quarter of 2023, including significant contributions from new launches and robust year-over-year growth for several key in-line brands," said CEO Albert Bourla. In a statement on Jan. 30, 2024, Pfizer CEO Albert Bourla touted the health-care giant's non-covid product sales. Steven Ferdman/Getty Images "We are entering 2024 with a solid foundation," he added. "We believe our commitment to execution, maximizing the performance of our new products, and delivering the next wave of pipeline innovation will fuel Pfizer’s growth and make a difference in the lives of patients everywhere.” Pfizer shares were marked 0.4% higher in premarket trading immediately following the earnings release to indicate an opening bell price of $27.758 each. Last month, Pfizer said it would not advance a study of a two-dose obesity treatment, danuglipron, following a high level of side effects in patients involved in the Phase II trial. The decision marked a significant setback in Pfizer's ambitions to enter the weight-loss-drug market, which is currently dominated by Novo Nordisk's Wegovy. Pfizer rival Eli Lilly (LLY) - Get Free Report also won approval for its own weight-loss treatment, Zepbound, from the Food and Drug Administration in November.Related: Veteran fund manager picks favorite stocks for 2024
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*Whoever came up with this design is very clever.*

submitted by /u/Several-Position2154 to r/interestingasfuck [link] [comments]
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Whoever came up with this design is very clever.

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*3 sectors dominate the U.S. jobs market - Here's who's hiring*

The December jobs report showed employers hiring at a faster pace than Wall Street anticipated. But which industries are hiring, seeing the biggest number of hires? ZipRecruiter Chief Economist Julia Pollak sat down with TheStreet’s J.D. Durkin to discuss how just three sectors were responsible for 92 percent of the hires over the past six months.Full Video Transcript Below: J.D. DURKIN: Are there any specific industries or sectors in the U.S. economy experiencing notable hiring or notable job growth right now that you're seeing? JULIA POLLAK: Well, over the past six months, just three major sectors have been responsible for 92% of all the jobs added in the U.S. economy. Those are health care, the government, and leisure and hospitality. Healthcare is just steady and stable. It's pretty recession proof and it is the sector expected to add the most jobs of the next 10 years due to demographic change and aging population and increased need and demand for health care services. The government is playing catch up. Public sector hiring took much, much, much longer to recover from the pandemic than private sector hiring, partly because the public sector is just slower when it comes to raising wages and adjusting. We are seeing that adjustment now. And so finally, as the private sector pulls back and cools down, the public sector is becoming more competitive and is having an easier time recruiting and retaining workers. The leisure and hospitality Americans like going out to restaurants and traveling. J.D. DURKIN: Hey, listen, we love the experience economy. We have seen time and time again the U.S. consumer is willing to spend on those things, whatever concert or a trip to Europe or whatever it is that we want. I wonder what else are you seeing in the data at ZipRecruiter in terms of job openings, any trends or anything you've seen that might even be a bit of a surprise, I wonder? JULIA POLLAK: Yeah, we're actually seeing a little bit of an uptick in tech job openings, and I think that's very encouraging. After a year, which could quite accurately be described as a tech-session in which the whole information sector shed jobs and was very, very slow to hire. So that does appear to be changing now. And partly that's because the stock market has had a pretty good year in 2023.
[Read more...](https://www.thestreet.com/video/heres-which-sectors-are-hiring-in-the-u-s)

3 sectors dominate the U.S. jobs market - Here's who's hiring

The December jobs report showed employers hiring at a faster pace than Wall Street anticipated. But which industries are hiring, seeing the biggest number of hires? ZipRecruiter Chief Economist Julia Pollak sat down with TheStreet’s J.D. Durkin to discuss how just three sectors were responsible for 92 percent of the hires over the past six months.Full Video Transcript Below: J.D. DURKIN: Are there any specific industries or sectors in the U.S. economy experiencing notable hiring or notable job growth right now that you're seeing? JULIA POLLAK: Well, over the past six months, just three major sectors have been responsible for 92% of all the jobs added in the U.S. economy. Those are health care, the government, and leisure and hospitality. Healthcare is just steady and stable. It's pretty recession proof and it is the sector expected to add the most jobs of the next 10 years due to demographic change and aging population and increased need and demand for health care services. The government is playing catch up. Public sector hiring took much, much, much longer to recover from the pandemic than private sector hiring, partly because the public sector is just slower when it comes to raising wages and adjusting. We are seeing that adjustment now. And so finally, as the private sector pulls back and cools down, the public sector is becoming more competitive and is having an easier time recruiting and retaining workers. The leisure and hospitality Americans like going out to restaurants and traveling. J.D. DURKIN: Hey, listen, we love the experience economy. We have seen time and time again the U.S. consumer is willing to spend on those things, whatever concert or a trip to Europe or whatever it is that we want. I wonder what else are you seeing in the data at ZipRecruiter in terms of job openings, any trends or anything you've seen that might even be a bit of a surprise, I wonder? JULIA POLLAK: Yeah, we're actually seeing a little bit of an uptick in tech job openings, and I think that's very encouraging. After a year, which could quite accurately be described as a tech-session in which the whole information sector shed jobs and was very, very slow to hire. So that does appear to be changing now. And partly that's because the stock market has had a pretty good year in 2023.
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Форма Гражданских

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*UPS slumps as mutedUPS slumps on muted 2024 sales outlook; plans big job cuts2024 sales outlook offsets mixed Q4 earnings*

Updated at 8:51 AM EST United Parcel Service (UPS) - Get Free Report posted modestly better-than-expected fourth-quarter earnings Tuesday, but weaker overall revenue and a muted outlook sent the package-delivery stalwart's shares sharply lower in early trading. The world's biggest package delivery group also said it would likely cut 12,000 jobs from its 500,000- strong workforce this year as it looks to reduce overall costs by around $1 billion. UPS said adjusted earnings for the three months ended in December were pegged at $2.47 a share, down 32% from the same period in 2022 but just ahead of the Wall Street consensus forecast of $2.46 a share. Group revenues, the company said, fell 8% to $24.9 billion, just shy of analysts' estimates of a $25.45 billion tally.Related: Analysis: Economic soft landing? How about no landing at all Domestic-segment revenue fell 7.3% to $16.92 billion, although revenue per piece, a key industry metric, rose 0.5% to $13.11. International revenue, meanwhile, were down 7% to $4.61 billion while supply-chain-solutions sales fell 11.4% to $3.4 billion. For the coming year, UPS sees revenue in the region of $91.3 billion to $92.3 billion, a 3.9% increase from the 2023 total of $90.96 billion but shy of the LSEG forecast of around $95.6 billion. “I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row,” said CEO Carol Tomé. Last year "was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.” UPS shares were marked 5.7% lower in pre-market trading immediately following the earnings release to indicate an opening bell price of $149.00 each. A United Parcel Service truck searches for a house while driving along the coast of Cape Cod on July 24, 2023, in Orleans, Mass. UPS on Jan. 30, 2024, issued a muted sales outlook for the year. Robert Nickelsberg/Getty Images UPS ended its labor dispute with the Teamsters in late August after the union voted to to ratify a new five-year $30 billion contract with the world's biggest package-delivery group. Under terms of the new agreement part-time workers will earn $21 an hour, a 35.5% increase from prior levels, while certain drivers will earn as much as $49 an hour, with maximum wages of $175,000 a year, by the end of the five-year term. “This contract will improve the lives of hundreds of thousands of workers,” Teamsters President Sean O’Brien said in a statement. “Teamsters have set a new standard and raised the bar for pay, benefits, and working conditions in the package-delivery industry.”Related: Veteran fund manager picks favorite stocks for 2024
[Read more...](https://www.thestreet.com/investing/ups-slumps-as-muted-2024-sales-outlook-offsets-mixed-q4-earnings)

UPS slumps as mutedUPS slumps on muted 2024 sales outlook; plans big job cuts2024 sales outlook offsets mixed Q4 earnings

Updated at 8:51 AM EST United Parcel Service (UPS) - Get Free Report posted modestly better-than-expected fourth-quarter earnings Tuesday, but weaker overall revenue and a muted outlook sent the package-delivery stalwart's shares sharply lower in early trading. The world's biggest package delivery group also said it would likely cut 12,000 jobs from its 500,000- strong workforce this year as it looks to reduce overall costs by around $1 billion. UPS said adjusted earnings for the three months ended in December were pegged at $2.47 a share, down 32% from the same period in 2022 but just ahead of the Wall Street consensus forecast of $2.46 a share. Group revenues, the company said, fell 8% to $24.9 billion, just shy of analysts' estimates of a $25.45 billion tally.Related: Analysis: Economic soft landing? How about no landing at all Domestic-segment revenue fell 7.3% to $16.92 billion, although revenue per piece, a key industry metric, rose 0.5% to $13.11. International revenue, meanwhile, were down 7% to $4.61 billion while supply-chain-solutions sales fell 11.4% to $3.4 billion. For the coming year, UPS sees revenue in the region of $91.3 billion to $92.3 billion, a 3.9% increase from the 2023 total of $90.96 billion but shy of the LSEG forecast of around $95.6 billion. “I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row,” said CEO Carol Tomé. Last year "was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.” UPS shares were marked 5.7% lower in pre-market trading immediately following the earnings release to indicate an opening bell price of $149.00 each. A United Parcel Service truck searches for a house while driving along the coast of Cape Cod on July 24, 2023, in Orleans, Mass. UPS on Jan. 30, 2024, issued a muted sales outlook for the year. Robert Nickelsberg/Getty Images UPS ended its labor dispute with the Teamsters in late August after the union voted to to ratify a new five-year $30 billion contract with the world's biggest package-delivery group. Under terms of the new agreement part-time workers will earn $21 an hour, a 35.5% increase from prior levels, while certain drivers will earn as much as $49 an hour, with maximum wages of $175,000 a year, by the end of the five-year term. “This contract will improve the lives of hundreds of thousands of workers,” Teamsters President Sean O’Brien said in a statement. “Teamsters have set a new standard and raised the bar for pay, benefits, and working conditions in the package-delivery industry.”Related: Veteran fund manager picks favorite stocks for 2024
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*GM surges as upbeat 2024 profit outlook follows solid Q4 earnings*

Updated at 8:47 AM EST General Motors (GM) - Get Free Report posted better-than-expected fourth-quarter earnings Tuesday, as well as an upbeat 2024 profit forecast tied to what the carmaker described as a "resilient" U.S. economy. GM has been working to cut costs and improve efficiencies since the summer. It accelerated those plans after settling its dispute with the United Auto Workers union in late October and agreeing to boost salaried workers' pay by around 25% over the next five years.Related: Tesla tumbles as Musk's 'train wreck' call fails to gloss over profit slump The overall cost increase over that period, GM said, will be around $9.3 billion. The carmaker also noted that as part of that cost-cutting drive, it would not advertise during the 2024 Super Bowl, marking its first absence from the world's biggest annual sporting event since 2019. For the three months ended in December, GM said adjusted earnings came in at $1.24 a share, down 41.5% from the same period in 2022 but firmly ahead of the Wall Street consensus of forecast of $1.16 per share. Group revenue was $42.98 billion, GM said, a 0.3% dip from a year earlier. But the figure also beat analysts' consensus forecast of a $38.97 billion tally.CEO Barra: 'GM well-positioned' for 2024 Looking into the coming year, GM sees earnings in the region of $8.50 to $9.50 a share, firmly ahead of the LSEG forecast of $7.87, with pre-tax profit of between $12 billion and $14 billion. GM noted, however, that around $1.45 of its 2024 forecast was due to a lower share count tied to the $10 billion buyback it unveiled last year. GM also said its EV unit would see volume growth of around 10%, up from around 7% in 2023, and expects the division to turn profitable by the second half of this year. "As we begin 2024, I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023," CEO Mary Barra told investors in her regular letter to shareholders. Mary Barra, chairwoman and CEO of General Motors, during an Automotive Press Association event in Detroit on Monday, Dec. 4, 2023. Photographer: Jeff Kowalsky/Bloomberg via Getty Images Bloomberg/Getty Images "Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16 million units with the mix of EVs continuing to grow," she added. "In our EV business, we expect our U.S. portfolio will become variable profit positive in the second half of the year based on our current expectations for EV demand and production growth, strong interest in our vehicles, lower commodity prices and other factors," Barra noted. GM shares were marked 7.6% higher in premarket trading to indicate an opening bell price of $38.07 each, a move that could nudge the stock into positive territory for the year. "This was an important quarter to help regain Street confidence that has been shaken the last few quarters with the EV vision in flux and the Cruise black eye over the past few months," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $40 price target on GM stock. "With Barra & Co. in the midst of a massive EV transformation, this was a key quarter and outlook for the Street to gauge GM’s resilience as it appears the profit margins and growth targets are still very much on track despite this murky backdrop," he added.Related: Veteran fund manager picks favorite stocks for 2024
[Read more...](https://www.thestreet.com/investing/stocks/gm-shares-leap-as-upbeat-2024-profit-outlook-follows-solid-q4-earnings)

GM surges as upbeat 2024 profit outlook follows solid Q4 earnings

Updated at 8:47 AM EST General Motors (GM) - Get Free Report posted better-than-expected fourth-quarter earnings Tuesday, as well as an upbeat 2024 profit forecast tied to what the carmaker described as a "resilient" U.S. economy. GM has been working to cut costs and improve efficiencies since the summer. It accelerated those plans after settling its dispute with the United Auto Workers union in late October and agreeing to boost salaried workers' pay by around 25% over the next five years.Related: Tesla tumbles as Musk's 'train wreck' call fails to gloss over profit slump The overall cost increase over that period, GM said, will be around $9.3 billion. The carmaker also noted that as part of that cost-cutting drive, it would not advertise during the 2024 Super Bowl, marking its first absence from the world's biggest annual sporting event since 2019. For the three months ended in December, GM said adjusted earnings came in at $1.24 a share, down 41.5% from the same period in 2022 but firmly ahead of the Wall Street consensus of forecast of $1.16 per share. Group revenue was $42.98 billion, GM said, a 0.3% dip from a year earlier. But the figure also beat analysts' consensus forecast of a $38.97 billion tally.CEO Barra: 'GM well-positioned' for 2024 Looking into the coming year, GM sees earnings in the region of $8.50 to $9.50 a share, firmly ahead of the LSEG forecast of $7.87, with pre-tax profit of between $12 billion and $14 billion. GM noted, however, that around $1.45 of its 2024 forecast was due to a lower share count tied to the $10 billion buyback it unveiled last year. GM also said its EV unit would see volume growth of around 10%, up from around 7% in 2023, and expects the division to turn profitable by the second half of this year. "As we begin 2024, I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023," CEO Mary Barra told investors in her regular letter to shareholders. Mary Barra, chairwoman and CEO of General Motors, during an Automotive Press Association event in Detroit on Monday, Dec. 4, 2023. Photographer: Jeff Kowalsky/Bloomberg via Getty Images Bloomberg/Getty Images "Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16 million units with the mix of EVs continuing to grow," she added. "In our EV business, we expect our U.S. portfolio will become variable profit positive in the second half of the year based on our current expectations for EV demand and production growth, strong interest in our vehicles, lower commodity prices and other factors," Barra noted. GM shares were marked 7.6% higher in premarket trading to indicate an opening bell price of $38.07 each, a move that could nudge the stock into positive territory for the year. "This was an important quarter to help regain Street confidence that has been shaken the last few quarters with the EV vision in flux and the Cruise black eye over the past few months," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $40 price target on GM stock. "With Barra & Co. in the midst of a massive EV transformation, this was a key quarter and outlook for the Street to gauge GM’s resilience as it appears the profit margins and growth targets are still very much on track despite this murky backdrop," he added.Related: Veteran fund manager picks favorite stocks for 2024
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*Нежность и сила: что такое балеткор и как носить образ танцовщицы каждый день*

Экспериментируйте с другими эстетиками, не теряя фокуса на грации и женственности.
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*Stock Market Today: Stocks lower with Microsoft, Google earnings and Fed in focus*

Check back for updates throughout the trading day U.S. equity futures slipped lower in early Tuesday trading, following along from another record close for the S&P 500, as investors braced for a busy corporate-earnings calendar highlighted by two Magnificent 7 updates after the closing bell. Updated at 8:42 AM ESTStandout U.S. growth The International Monetary Fund's updated growth forecasts suggest the U.S. economy should outperform all of its major G-7 peers this year as inflation pressures ease. The IMF's World Economic Outlook report, published Tuesday, boosted growth forecasts for both the U.S. and China, adding that the world economy is showing "remarkable resilience" and is "in the final descent toward a 'soft landing' with inflation declining steadily and growth holding up."IMF Growth Forecast: 2024
[Read more...](https://www.thestreet.com/investing/stocks/stock-market-today-stocks-mixed-with-tech-earnings-jobs-fed-in-focus)

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Stock Market Today: Stocks lower with Microsoft, Google earnings and Fed in focus

Check back for updates throughout the trading day U.S. equity futures slipped lower in early Tuesday trading, following along from another record close for the S&P 500, as investors braced for a busy corporate-earnings calendar highlighted by two Magnificent 7 updates after the closing bell. Updated at 8:42 AM ESTStandout U.S. growth The International Monetary Fund's updated growth forecasts suggest the U.S. economy should outperform all of its major G-7 peers this year as inflation pressures ease. The IMF's World Economic Outlook report, published Tuesday, boosted growth forecasts for both the U.S. and China, adding that the world economy is showing "remarkable resilience" and is "in the final descent toward a 'soft landing' with inflation declining steadily and growth holding up."IMF Growth Forecast: 2024
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*5 Decluttering Tips to Try Before Your Next Move*

According to pro organizers. READ MORE...
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ГОСТ Р

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5 Decluttering Tips to Try Before Your Next Move

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Особенности
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Современный уровень развития военных оружейных технологий, цифровых приборов наблюдения выдвигают новые требования к камуфляжному обмундированию .

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