Novo Nordisk to Further Develop New Obesity Drugs, Expand Treatment Portfolio

Novo Nordisk, the maker of blockbuster drugs Ozempic and Wegovy, is expanding into areas like cardiovascular diseases and increasing focus on treating conditions outside of its core diabetes and weight-loss market. 


 
Abercrombie & Fitch Is Reaping the Rewards of Taking Adult Women Seriously

How do you quintuple your company's stock over the course of a year? If you're Abercrombie & Fitch, the answer is as simple as listening to your customers. 


 
How Apple Stands to Lose From Europe's New Tech Law

Under the new rules, the iPhone maker will open up parts of its lucrative app ecosystem, providing an opportunity for rivals like Google. 


 
Temu's Push Into America Pays Off Big Time for Meta and Google

The e-commerce discounter founded in China was the top advertiser by revenue at Meta Platforms last year, and was among the five top-spending advertisers at Google. 


 
Costco Stock Trades at Record Highs. What Its Earnings Have in Store.

The company-and its stock-have been reliable outperformers over the past couple of quarters. 


 
GE Aerospace Meets With Investors Thursday. Expectations Are High.

Analysts and investors will want to hear about growth and improving profit margins in the jet-engine business. 


 
Lufthansa Restores Dividend as Profits Jump

Lufthansa is planning its first dividend payout since the pandemic, despite reporting revenue and profits below forecasts for the fourth quarter and estimating flat earnings growth in 2024. 


 
Continental Faces Costs Hike as Profit Misses Views

Continental posted full-year profits below consensus and warned that wage costs would rise to around EUR500 million in 2024 and weigh heavily on earnings. 


 
Hugo Boss 2024 Guidance Below Forecasts, Warns on Sales Outlook

Hugo Boss gave earnings projections for this year that are below analysts' current forecasts and warned that it might not meet its 2025 sales guidance due to weak consumer sentiment. 


 
Telecom Italia Outlines Targets Through 2026

Telecom Italia said it aimed to deliver earnings growth of 8% over the next three years as well as reduction in debt, helped by the planned sale of its fixed-income assets.


(END) Dow Jones Newswires

03-07-24 0715ET