Latest news with #SeanaSmith
Yahoo
07-05-2025
- Business
- Yahoo
3 major takeaways from Novo Nordisk's Q1 earnings
00:00 Seana Smith Shares of drugmaker Novo Nordisk moving higher after beating Wall Street's profit estimates for the latest quarter. Here with the three biggest takeaways from Novo's earnings, we've got Yahoo! Finance senior reporter Anjalee Khemlani. Anjalee, it's great to have you. It's interesting to see the stock price moving up even though they did trim their outlook, but it seems that was already kind of priced in heading into the print. 00:18 Anjalee Khemlani Yeah, the company has been one of those that has been under pressure, we know, of course, because of competition heating up with competitor Eli Lilly, and Novo came out saying that they're looking forward to kind of recovering a little bit in the second quarter. So my biggest takeaways from the earnings and also from speaking with CEO Lars Jörgensen, was first of all, looking at that global dominance. So we have the perception of those prescriptions of Lilly's Zepound taking over, but he reminded us that the company does have 72% of global market share. So that's something to keep an eye on. In addition, taking a look at the at the sales for the second half of the year, those compounding products, that has been part of what has pressured the company sales, and they they're looking towards the relief with enforcement from the FDA towards the end of the month to take those compounded products off the market, and that would lead to, hopefully, a regaining of those sales. But they did still cut it down by about 3%, on both ends. So it was 16 to 24 previously, and now the outlook has softened a little bit. And then finally, taking a look at what we have going on with the company's CVS deal, that was a big thing for them, getting that exclusive deal with the formulary. Knocked Lily's stock down last week. But I heard from the CEO that that was actually not their idea. It was CVS pursuing that. They didn't have to do any price concessions, and that's something that they just kind of got as a gift. 02:07 Seana Smith Wow. I am fascinated by that, and eager to hear more about it in your interview with him. Anjalee, thank you so much. Really appreciate it.
Yahoo
07-05-2025
- Business
- Yahoo
Meta & Microsoft earnings ease tech slowdown fears
00:00 Seana Smith Meta and Microsoft capping an eventful day of earnings and here with the takeaways is Yahoo! Finance's tech editor, Dan Howley. Dan. 00:08 Dan Howley That's right. Let's start things off with with meta. They, uh, kind of had the the more interesting of the two stories. They beat on both the top and bottom line, but more importantly, they offered better guidance than initially anticipated. They say that Q2 revenue will come in between 42.5 billion, 45.5 billion. Uh, the street was looking for 44 billion. And so this kind of assuages some of the concerns for now that there's any kind of advertising slowdown coming as a result of the tariff uncertainty and broader economic uncertainty. Again, they beat for the quarter. They had EPS of $6.43. Uh, expectations were for $5.25. And revenue came in at 42.3 billion versus 41.3 billion anticipated in. Uh, but just want to point out, they also raised their full year capex estimates. They went from 60 billion between 60 and 65 billion to 64 billion to 72 billion. So a big jump there, and that's obviously related to all the the AI spending that they're going into. By the by, meta reality labs segment had an operating loss of 4.21 billion dollars for the quarter. So, obviously, not doing the best there. But let's switch over to Microsoft. They also beat on the top and bottom line. Uh, they saw cloud revenue of 42.4 billion. That was up 20%. Uh, one of the important things to point out here is that AI contributed 16 points of growth, growth to Azure revenue. Now, Wall Street was expecting 15.6 points. Uh, and basically, Microsoft was saying that that's a result of getting more capacity online. They've been repeatedly saying that their capacity constraint is causing headwinds, uh, it's why their AI isn't growing as fast as they would like, but now they're starting to get that online, and they're starting to be able to meet the demand that's already there that they haven't been able to meet before. Uh, one of the other things I want to just quickly point out, uh, is on the personal computing side, and that's their the PC business. They saw revenue of 13.4 billion. Wall Street thought it would come in at 12.6 billion. And part of the reason is that Windows OEM partners, uh, they brought in more sales, uh, into the the current quarter, just as kind of building up the the inventory because they said the inventory already was elevated and it remains so. So it's an idea of that pull forward of, of PC sales or PC shipments just trying to get ahead of any kind of tariff uncertainty in the prior quarter. 04:43 Seana Smith We earlier talked to Brent Phil of Jefferies, and he said something that kind of stuck with me, which he said, these are two desert island companies. In other words, if you're a chief information officer at a company or if you're an advertiser, the last thing that you will cut is your check you write to Microsoft, where the money you send to Microsoft every month, and that, and if you're an advertiser, what you spend on meta. So that even if you do get sort of economic deterioration because of the tariffs or for whatever other reason, maybe they'll cut spending these companies eventually, but that it would be sort of a last stand, or last straw, or last resort that they would take. 05:51 Dan Howley Yeah, I mean, look, Microsoft, you obviously need to be in the cloud to to play with anything when it comes to the enterprise now. And then when it comes to advertising, it's it's meta, Facebook, whatever you want to call it, and Google. And you know, we did see declines, obviously, during COVID, uh, but that was super extreme time. So, uh, that's all back now. Um, and yeah, I mean, it does appear that they're, they're weathering whatever kind of storm is coming or isn't coming, or, you know, nothing. 06:37 Seana Smith And then tomorrow, Amazon and Apple. We can do it all again. 06:43 Dan Howley Yeah, and then I'll just take a nap for a month. Yeah. 06:49 Seana Smith Thank you, Dan. Appreciate it.
Yahoo
07-03-2025
- Business
- Yahoo
Are market struggles signaling shift to 'sell the rally' mentality?
Recent market (^GSPC, ^IXIC, ^DJI) struggles — marked by the S&P 500 falling 7% from recent highs — reflect a shift from dip buying to a 'sell the rally" mentality among investors, according to JPMorgan. Yahoo Finance Head of News Myles Udland joins Morning Brief host Seana Smith to discuss the challenges facing investors, citing a plethora of valuation concerns, economic data, and repositioning around high-profile tech names like Tesla (TSLA) and Nvidia (NVDA). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch
Yahoo
07-03-2025
- Business
- Yahoo
Are market struggles signaling shift to 'sell the rally' mentality?
Recent market (^GSPC, ^IXIC, ^DJI) struggles — marked by the S&P 500 falling 7% from recent highs — reflect a shift from dip buying to a 'sell the rally" mentality among investors, according to JPMorgan. Yahoo Finance Head of News Myles Udland joins Morning Brief host Seana Smith to discuss the challenges facing investors, citing a plethora of valuation concerns, economic data, and repositioning around high-profile tech names like Tesla (TSLA) and Nvidia (NVDA). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
How inflationary pressures impacted Costco's Q2 earnings
Costco (COST) is trading lower Friday after the company reported mixed earnings results for the fiscal second quarter, missing profit estimates but beating on revenue. The company notes that fresh groceries were the most inflationary category during the quarter. Seana Smith and Madison Mills discuss the details on Morning Brief, explaining how pressures from inflation and tariffs have impacted consumer spending. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Sydney Strauss
