Earnings

Novartis AG (NYSE:NVS) shares slightly down in the after-hours trading after reporting its Q3 financial results

Novartis AG (ADR) (NYSE:NVS) shares slightly moved down in the after-hours trading session after the pharmaceutical company said that its earnings fell for the seventh consecutive quarter amid increased competition that affected sale of famous cancer treatment Gleevec. The Basel, Switzerland-based company posted an adjusted profit of $1.23 per share for the third quarter, down …

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Earnings

Verizon Communications Inc. (NYSE:VZ) shares down after third-quarter revenue missed estimates

Verizon Communications Inc. (NYSE:VZ) announced its revenue and subscribers additions for the third quarter that fell short of estimates, mainly due to intense price competition with rivals. VZ shares fell nearly 3 percent in the mid-day trading on Thursday following the third quarter financial results. The company reported that it added 442,000 retail postpaid subscribers …

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Earnings

Intel Corporation (NASDAQ:INTC) projects Q4 revenue below analysts’ estimates, shares down

Intel Corporation (NASDAQ:INTC) announced its financial results for the third quarter that beat consensus forecast, but projected revenue for the fourth quarter below analysts’ estimates. Third quarter results were driven by improving demand for personal computers and growth in its data center and cloud segments. Revenue from the data center business jumped 9.7 percent to …

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Earnings

IBM Corp. (NYSE:IBM) reports better-than-expected third quarter results

International Business Machines Corp. (NYSE:IBM) announced its financial results for the third quarter that topped consensus forecast amid growth in cloud and analytics segments. The company’s cloud revenue climbed 44 percent in the latest quarter, as compared to a surge of 30 percent in the prior quarter. The Armonk, New York-based company’s operating gross margin …

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