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The American company Johnson & Johnson, the world's largest producer of health products, reported that in the first quarter its net profit fell by 1.1% in annual terms to 4 billion 370 million dollars. The profit without taking into account one-time factors was 2 dollars 6 cents per share. Analysts had expected the figure at $2 per share. Revenues amounted to 20.1 billion dollars, increased by 12.6%. The forecast of analysts had assumed growth of the indicator to 19.5 billion dollars. The company said that sales of medicines remain the main driver of growth. They account for about half of the proceeds.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
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