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AstraZeneca Plc (AZN) and Amgen Inc (AMGN)'s Tezspire got FDA approval in the US, based on the pathfinder clinical trial program. The approval is for self-administration in a pre-filled, single-use pen for patients aged 12 years and older with severe asthma. Tezspire is currently approved for the...

Clinical stage biotechnology company Pliant Therapeutics, Inc. (PLRX) Thursday announced FDA clearance for its Investigational New Drug or IND application for PLN-101095. The company said it expects to initiate the Phase 1 first-in-human study evaluating PLN-101095 in patients with solid tumors in the...

Illinois Tool Works Inc. (ITW) Thursday announced a surge in fourth-quarter earnings compared to the prior year. Revenues were up 10 percent. Further, the company provided earnings outlook for the full year 2023 and expects organic growth of 3-5 percent. The fourth quarter earnings were $907 million,...

Biotechnology company INOVIO Pharmaceuticals, Inc. (INO) announced Thursday positive results from a Phase 1b clinical trial evaluating INO-4201, a DNA vaccine candidate, as a booster in healthy adult participants who previously received a single injection of Ervebo. In the trial, INO-4201 was well-tolerated...

Arrow Electronics, Inc. (ARW) said the company expects first quarter net income per share in a range of $4.24 to $4.44, and non-GAAP net income per share of $4.40 to $4.60. Consolidated sales are estimated in a range of $8.33 billion to $8.93 billion, with global components sales of $6.55 billion to...

Grainger (GWW) said, for 2023, the company expects: earnings per share in a range of $32.00 - $34.50; and net sales of $16.2 - $16.8 billion. Sales growth is estimated to be 6.6% - 10.6%, and daily sales growth is expected in a range of 7.0% - 11.0%. Fourth quarter adjusted earnings per share were...

Wabash National Corporation (WNC) Thursday reported profit in the fourth quarter, compared with loss last year. Fourth-quarter earnings stood better than analysts' view. The company also provided full-year outlook, above consensus estimates. Profit in the fourth quarter was $41.46 million, or $0.84...

Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 221 million euros or 1.21 euros per share from 214 million euros or 1.16 euros per share in the prior-year quarter. Net revenues for the quarter increased 17 percent to 1.37...

Drug major Merck & Co. Inc. (MRK) reported Thursday weak profit in its fourth quarter, despite higher sales. Adjusted earnings and sales beat market estimates. Looking ahead, the company projects weak adjusted earnings, below market estimates. In pre-market activity on the NYSE, Merck shares were...

While reporting financial results for the fourth quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) provided earnings, adjusted earnings and revenue guidance for the full-year 2023. For fiscal 2023, the company now projects earnings in a range of $4.03 to $4.33 per share...

Water management solutions provider Advanced Drainage Systems, Inc. (WMS) Thursday reported profit of $82.04 million or $0.99 per share in the third quarter, higher than 62.86 million or $0.86 per share in the same quarter a year ago. Analysts on average, polled by Thomson-Reuters expected the company...

Lear Corp. (LEA) reported fourth-quarter adjusted profit per share of $2.81 compared to $1.22, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $2.57, for the quarter. Analysts' estimates typically exclude special items. Net profit was...

Snap-on Inc. (SNA), a manufacturer of tools, equipment, diagnostics, and systems solutions, reported Thursday that its fourth-quarter net earnings were $238.9 million or $4.42 per share, higher than last year's $223.7 million or $4.10 per share. On average, nine analysts polled by Thomson Reuters...

Siemens Gamesa (GCTAF.PK) posted a first quarter negative EBIT pre PPA and before integration and restructuring costs of 760 million euros, with an EBIT margin which was also negative at 37.8%. The company ended the quarter with a net loss of 884 million euros. First quarter revenue was 2.0 billion euros,...

TIM Group (TIAOF.PK, TI) announced Thursday that it has received a non-binding offer from KKR & Co., Inc. (KKR) for the purchase of a stake in a company to be set up that matches with the fixed-line network management and infrastructure perimeter, including FiberCop's assets and activities, as well as...

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