Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Pfizer beats expectations,Beyond Meat top IPO performer of 2019
 

Pharmaceutical giant Pfizer alongside Merck both beat Wall Street’s expectations for third quarter results on Tuesday, and raised their full year guidance. This comes after both of the powerhouses announced oncology segments outperformed during the period. Sales in Pfizer’s bio pharma unit rocketed up 7% to breach the $10 billion mark during the quarter. This segment of the company also includes major products including their pioneering breast cancer treatment drug Ibrance and blood thinner Eliquis.  Merck also raised their year-end revenue and earnings based on the company’s strong sales numbers of cancer immunotherapy Keytruda, which saw sales jump 62% in the last year to over $3 billion, and their HPV vaccine Gardasil, which saw a rise of 27% to $1.3 billion.


Beyond Meat has been on a roll since their IPO this year, and based on reports by analysts are currently one of the best performing US IPO’s of the year. The company posted their first quarterly profit since going public, and have increased their full year guidance as the plant based meat company have secured partnerships with numerous fast food chains and retail outlets.  After adjustments, earnings were at 6 cents per share, almost 30% higher than analysts’ expectations. Revenue for the company at $92 million again beat estimates of Wall Street by $10 million. However in the midst of all the good news, Beyond Meats share price saw a dip in overnight trading ahead of the end of the companies post-IPO lockup on Tuesday. Around 80% of Beyond Meats shares outstanding could become available for trading, based on the amount of stock held by early investors and company insiders who before Tuesday could not sell their shares on the public market.


Posted by : Dubai PR Network Editorial Team
Viewed 4154 times
PR Category : Banking & Investments
Posted on : Wednesday, October 30, 2019  1:17:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Gemini Chairman Sudhakar Rao feted for Lifetime Achievement ...
Next Story : Emirates Integrated Telecommunications Company PJSC (“du”) A...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduce Two New High Performance Products Within the Aqua Resist Range [4887-Views]
Mouawad Reveals the Journey of the Extraordinary Botswana Diamond [4248-Views]
Union Coop opens one of the Largest Warehouses in the Middle East [3571-Views]
Eid Gift Ideas by The Body Shop UAE [3530-Views]
Essence Essentials for the Summer Heat Ahead! [3493-Views]
VIP Drivers Announced for the Jaguar I-pace Etrophy ‘Lockdown Showdown' in Berlin [2899-Views]
Pan Emirates Opens a New Store in Cityland Mall, Dubai [2640-Views]
Eid Al Adha 2020 - Marina Rinaldi [2604-Views]
Aster Hospitals UAE Launch Cosmos, a Support Group for Covid – 19 Positive Patients [2366-Views]
This DSS add a Contemporary look to your Home with Western Furniture Products [2029-Views]
New National Geographic Abu Dhabi Film ‘Marmum' Takes Viewers on the Journey of Creating a... [2017-Views]
Trina Solar Unveils Vertex 600w Series Module and Expects Mass Production of 550w Series L... [1993-Views]
LG Introduces World's First 4k Ips 1ms GTG Monitor for Unsurpassed Gaming [1980-Views]
Joyalukkas Announces its Mega Eid Discount Offer [1935-Views]
Engineered to Serve: Land Rover Discovery Supports Landmark Rescue as Mountains Reopen [1923-Views]
Perfect Gifts for Eid Al Adha [1894-Views]
Introducing the Lenovo Legion™ Phone Duel [1882-Views]
The Potential of Colour as a Design Element [1865-Views]
Etihad and Boeing Strengthen Strategic Partnership With Maintenance Support for Boeing 787... [1804-Views]
Special Olympics Announces Global Expansion of Initiative for Inclusion in Education for Y... [1792-Views]
Honda Hosts WOWeekend with Unbelievable Deals Across its Pre-owned Line-up [1783-Views]
Two Emiratis claim GUINNESS WORLD RECORDS titles in July [1779-Views]
Euronews Speaks to CEO of Abu Dhabi-based Company Developing COVID-19 Vaccine [1767-Views]
Schneider Electric to Upgrade DP World's Sokhna Basin 2 With Ecostruxure Power Smart Energ... [1726-Views]
International Forum for Women and Sports: Frenchwoman Georges Calls for Greater Support [1685-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories