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GE HealthCare forecasts 2026 profit above estimates on strong demand for medical devices
Reuters· 2026-02-04 12:21
Core Viewpoint - GE HealthCare has projected annual profit exceeding Wall Street estimates, driven by strong demand for its diagnostic and imaging devices [1] Group 1: Financial Forecast - The company anticipates annual profit to surpass market expectations, indicating positive financial performance [1] Group 2: Market Demand - There is a robust demand for GE HealthCare's diagnostic and imaging devices, which is a key factor in the company's optimistic profit forecast [1]
New York Times forecasts quarterly subscription revenue growth above estimates
Reuters· 2026-02-04 12:07
The New York Times forecast first-quarter subscription revenue above Wall Street estimates on Wednesday, expecting its bundling strategy for news and lifestyle products to draw in more paying users. ...
Refiner Phillips 66 beats quarterly profit estimates as margins rebound
Reuters· 2026-02-04 12:06
Core Viewpoint - Phillips 66 exceeded Wall Street profit estimates for the fourth quarter, driven by a recovery in U.S. refining margins after a prolonged downturn in 2024 [1] Group 1 - The company reported a significant rebound in refining margins, which positively impacted earnings [1] - The earnings growth comes after a period of slump in the refining sector, indicating a potential recovery trend [1]
Texas Instruments to buy chip designer Silicon Laboratories in $7.5 billion deal
Reuters· 2026-02-04 12:05
Core Viewpoint - Texas Instruments has agreed to acquire Silicon Laboratories for $7.5 billion, aiming to enhance its presence in the wireless connectivity chip market for both industrial and consumer applications [1] Company Summary - The acquisition of Silicon Laboratories will allow Texas Instruments to expand its portfolio in wireless connectivity chips, which are essential for various applications in both industrial and consumer sectors [1] Industry Summary - The deal signifies a strategic move within the semiconductor industry, particularly in the wireless connectivity segment, which is experiencing growth due to increasing demand for connected devices [1]
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Reuters· 2026-02-04 11:58
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday, as margins took a toll from the company's attempt to lift trip volumes throu... ...
Eli Lilly sees 2026 profit above estimates on weight‑loss drug demand
Reuters· 2026-02-04 11:51
Eli Lilly forecast 2026 profit above Wall Street estimates on Wednesday, as it expects strong demand for its blockbuster weight-loss and diabetes drugs, Zepbound and Mounjaro, to offset pricing pressures in the U.S., its largest market. ...
Cognizant forecasts annual revenue above estimates
Reuters· 2026-02-04 11:37
Core Viewpoint - Cognizant Technology forecasts annual revenue exceeding Wall Street estimates, driven by strong demand for IT services as businesses integrate artificial intelligence into their operations [1] Group 1 - The company anticipates robust growth in revenue due to the increasing adoption of artificial intelligence in various business workflows [1]
Raytheon secures deal to build thousands of missiles for the US, including Tomahawks
Reuters· 2026-02-04 11:36
Core Insights - The Pentagon is actively working to expand production capabilities in response to the urgent need to replenish depleted stockpiles [1] Group 1 - The initiative is part of a broader strategy by Washington to enhance military readiness and ensure sufficient supplies [1]
UBS Swiss job cuts coming later in 2026, CEO says
Reuters· 2026-02-04 11:21
Core Viewpoint - The majority of job reductions in UBS' Swiss business are expected to occur in the second half of 2026, as stated by the bank's CEO Sergio Ermotti [1] Group 1 - UBS is planning significant job reductions within its Swiss operations [1] - The timing for these job cuts is projected for the latter half of 2026 [1] - CEO Sergio Ermotti provided this information during a press briefing [1]
Amazon's physical grocery push deepens its fight against rival Walmart
Reuters· 2026-02-04 11:01
Core Insights - Amazon, once a leader in e-commerce, is now shifting its strategy to focus on mega-stores, a model traditionally associated with Walmart [1] Group 1: Company Strategy - Amazon is transitioning from its original e-commerce model to a physical retail strategy that resembles Walmart's mega-store approach [1] Group 2: Industry Context - The shift indicates a significant change in the competitive landscape of retail, where traditional giants like Walmart are being challenged by e-commerce players like Amazon [1]