MSCI Reports Financial Results for Third Quarter and Nine Months 2023

/ / Financials /

MSCI Reports Financial Results for Third Quarter and Nine Months 2023 NEW YORK—-October 31, 2023– MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended September 30, 2023 (“third quarter 2023”) and nine months ended September 30, 2023 (“nine months 2023”). Financial and Operational Highlights for Third Quarter 2023 (Note: Unless otherwise noted, percentage and other changes are relative to the three months ended September 30, 2022 (“third quarter 2022”) and Run Rate percentage changes are relative to September 30, 2022). — Operating revenues of $625.4 million, up 11.6%; Organic operating revenue growth of 10.9% — Recurring subscription revenues up 10.7%; Asset-based fees up 12.3% — Operating margin of 56.5%; Adjusted EBITDA margin of 61.8% — Diluted EPS of $3.27, up 22.0%; Adjusted EPS of $3.45, up […]

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Pfizer Reports Third-Quarter 2023 Results

/ / Health Care /

Pfizer Reports Third-Quarter 2023 Results — Third-Quarter 2023 Revenues of $13.2 Billion — Expected Decline in Paxlovid and Comirnaty(1) Revenues Drove 41% Operational Decrease in Third-Quarter 2023 Revenues — Revenues for Pfizer’s Non-COVID Products Grew 10% Operationally — Third-Quarter 2023 Reported(2) Diluted Loss Per Share (LPS) of $(0.42) and Adjusted(3) Diluted LPS of $(0.17), Significantly Impacted by $5.6 Billion of Non-Cash Inventory Write-Offs and Other Charges, Which Unfavorably Impacted Reported(2) and Adjusted(3) Diluted LPS by $0.84 — Reaffirms Full-Year 2023 Guidance(4) Provided on October 13, 2023, of Revenues of $58.0 to $61.0 Billion and Adjusted(3) Diluted EPS of $1.45 to $1.65, and Provides All Guidance Components — Reaffirms Full-Year 2023 Non-COVID Operational Revenue Growth Expectation of 6% to 8% vs. 2022 — Successful Execution of New Product and Indication Launches, including Abrysvo (Older Adult) and Prevnar 20 (Pediatric), and In-Line Product Growth Contribute to Strong Non-COVID Operational Revenue Growth —

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Pfizer Q3 Adjusted EPS $(0.17) Beats $(0.32) Estimate, Sales $13.23B Beat $12.72B Estimate

/ / Health Care /

Pfizer (NYSE:PFE) reported quarterly losses of $(0.17) per share which beat the analyst consensus estimate of $(0.32) by 46.88 percent. This is a 109.55 percent decrease over earnings of $1.78 per share from the same period last year. The company reported quarterly sales of $13.23 billion which beat the analyst consensus estimate of $12.72 billion by 4.03 percent. This is a 41.55 percent decrease over sales of $22.64 billion the same period last year.

Pfizer Q3 Adjusted EPS $(0.17) Beats $(0.32) Estimate, Sales $13.23B Beat $12.72B Estimate Read Post »

AMGEN REPORTS THIRD QUARTER FINANCIAL RESULTS

/ / Health Care /

AMGEN REPORTS THIRD QUARTER FINANCIAL RESULTS PR Newswire THOUSAND OAKS, Calif., Oct. 31, 2023 THOUSAND OAKS, Calif., Oct. 31, 2023  — Amgen (NASDAQ:AMGN) today announced financial results for the third quarter of 2023(1) . “We are excited about our pipeline progress and our operating performance in the third quarter,” said Robert A. Bradway, chairman and chief executive officer. “With the completion of the Horizon acquisition, Amgen has added rare disease medicines that fit well with our broad innovative portfolio.” Key results include: — Total revenues increased 4% to $6.9 billion in comparison to the third quarter of 2022, resulting from a 5% increase in product sales. Product sales growth was driven by 11% volume growth, partially offset by 3% lower net selling price and 3% unfavorable changes to estimated sales deductions. — Volume growth of 11% included double-digit volume growth from BLINCYTO(R) (blinatumomab), EVENITY(R) (romosozumab-aqqg), Repatha(R) (evolocumab) and Nplate(R) (romiplostim).

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Amgen Q3 Adjusted EPS $4.96 Beats $4.66 Estimate, Sales $6.90B Miss $6.94B Estimate

/ / Health Care /

Amgen (NASDAQ:AMGN) reported quarterly earnings of $4.96 per share which beat the analyst consensus estimate of $4.66 by 6.44 percent. This is a 5.53 percent increase over earnings of $4.70 per share from the same period last year. The company reported quarterly sales of $6.90 billion which missed the analyst consensus estimate of $6.94 billion by 0.59 percent. This is a 3.77 percent increase over sales of $6.65 billion the same period last year.

Amgen Q3 Adjusted EPS $4.96 Beats $4.66 Estimate, Sales $6.90B Miss $6.94B Estimate Read Post »

CFRA Retains Buy Opinion On Shares Of Amgen Inc.

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our target at $295, 15.0x our 2024 EPS, slightly above AMGN’s 10-year historical forward P/E average. We raise our 2023 EPS view by $0.38 to $18.80 and 2024’s by $0.12 to $19.68. Amgen reported Q3 EPS of $4.96 vs. $4.70 (+6% Y/Y), $0.25 above our estimate and $0.28 above the S&P Capital IQ consensus. Q3 revenues of $6.9B vs. $6.7B, up 4% Y/Y, were $45M below consensus and $237M below our estimate as the non-biologic treatment for chronic inflammatory diseases (Otezla, -10% Y/Y, $462M) and cancer treatment (Lumakras, -31% Y/Y, $48M) sales were below our forecasts. The large $28B Horizon acquisition that closed early October has been included in AMGN’s raised guidance to the $28.4B-$28B range versus $26.6B-$27.4B earlier. Horizon generated $945M revenues in Q3

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Caterpillar 3Q Sales to Users Rise 13% But Miss Expectations

/ / Industrials /

Caterpillar’s sales to users were up 13% in 3Q, but that was below the company’s expectations, CEO Jim Umpleby says on a call with analysts. Specifically, sales to users in its energy and transportation business were up by more than a third but missed expectations due to supply chain challenges and the timing of certain gas turbine and international locomotive deliveries, Umpleby says. The lower-than-anticipated sales to users were nearly offset by an unexpected increase in dealer inventory, CFO Andrew Bonfield says on the call.

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