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- Investor's Business Daily
Zoetis Earnings Top; Pet Drugmaker Rises
Zoetis earnings and sales slightly beat first-quarter estimates for the pet drugmaker. Shares rose modestly.
- Reuters
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots. "Chinese vendors who traditionally relied more on MediaTek, are going to start leveraging Qualcomm's high-end chips more as they push hard into the AI Agenda," said IDC analyst Nabila Popal. "They further represent an upside for Qualcomm because majority of the recovery is also going to be driven by Chinese OEMs this year, coming from a tough last two years."
- Reuters
Becton Dickinson lifts profit view on strong surgical equipment demand
Becton Dickinson raised its annual profit forecast and beat second-quarter profit estimates on Thursday, as the group banks on strong demand for its surgical equipment and syringes. Medical technology firms like Becton, Boston Scientific and Abbott Laboratories are benefiting from a boost in demand as more people, especially older patients, undergo surgeries that were put on hold during the pandemic. The company's biggest unit, which makes devices to administer drugs, reported quarterly sales of $2.45 billion, in line with analysts' expectations, according to LSEG data.
