Moderna's stock pops after surprise quarterly profit, even as COVID sales continue to slide

Moderna on Thursday reported a surprise fourth-quarter profit even as its COVID product sales continue to plunge. 


 
Shoppers Want Uggs and Hokas. The Brands Are Boosting Growth for Their Owner.

Footwear and apparel company Deckers Outdoor is investing to stay on top of what consumers covet, its finance chief says. 


 
A $150 Billion Question: What Will Warren Buffett Do With All That Cash?

Berkshire Hathaway's annual report will show if its cash pile ended 2023 at another record high. 


 
Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom

The company's sales more than tripled as it scrambled to meet demand for chips that power AI systems. Its shares rose 9% in off-hours trading. 


 
Lloyds Banking To Start Buyback After Profit Beat

Lloyds Banking launched a $2.5 billion share buyback after its profits rose in the fourth quarter despite lower income and a higher provision. 


 
Knorr-Bremse Jumps on Profit Beat,  Outlook Upgrade

Knorr-Bremse shares were up almost 7% after it reported better-than-expected results and issued guidance ahead of consensus forecasts. 


 
Anglo American Lower Profit Tops Hopes But Cuts Payout

Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit missed forecasts on weak prices and as it booked $2.1 billion in impairments. 


 
Nestle Warns on Sales Growth as Inflation Continues to Bite

Nestle reported full-year earnings and sales that were just shy of expectations, and cautioned that sales growth will moderate this year as higher prices force shoppers to ease spending. 


 
Mercedes-Benz Warns on Outlook as Market Uncertainty Weighs

Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year's levels on stable revenue expectations, adding the auto market faced an uncertain economic backdrop and possible "unexpected developments" from geopolitics and trade policy. 


 
Telefonica Earnings Top Forecasts

Telefonica reported better-than-expected underlying profits and revenue for the fourth quarter and forecast growth of 1%-2% this year.


(END) Dow Jones Newswires

02-22-24 0715ET