— AstraZeneca (NYSE: AZN) reported fourth quarter 2019 earnings of $0.24 per share and core earnings of $0.89 per share.
— Revenue rose 8% to $6.66 billion vs. $6.75 billion expected. Products sales rose 8% year-over-year to $6.25 billion.
— Oncology sales advanced by 29% and respiratory sales grew by 13%. Biopharmaceuticals sales increased by 10% and new CVRM sales rose by 6% while sales in other medicines fell by 17%.
— Depending on the impact of the novel coronavirus (Covid-19) outbreak, AstraZeneca expects FY20 revenue to increase by a high single-digit to a low double-digit percentage and core EPS is expected to increase by a mid- to high-teens percentage.
— Guidance assumes an unfavourable impact from China lasting up to a few months as a result of the recent novel coronavirus (Covid-19) outbreak.
— AZN stock, which advanced 4% in the last three months, was down slightly during the before-market session.
Intuitive Surgical (NASDAQ: ISRG) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The robotic product's manufacturer reported fourth-quarter revenue of $1.33 billion, up 4% year-over-year. Meanwhile,
Seagate Technology plc (NASDAQ: STX) reported second-quarter 2021 earnings results after the closing bell on Thursday. Revenue increased to $2.62 billion from $2.69 billion last year. Analysts had expected revenue
IBM (NYSE: IBM) reported its fourth quarter 2020 earnings results today. Revenue fell 6% year-over-year to $20.4 billion. GAAP net income fell over 60% to $1.3 billion, or $1.51 per