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  • Quest Diagnostics adjusted profit more than doubles, beat expectations

    Quest Diagnostics Inc. reported Thursday second-quarter adjusted profit that more than doubled to beat expectations, as revenue also topped forecasts, as the recovery in the lab results and diagnostics company cited a faster-than-expected recovery in its base business. Net income rose to $631 million, or $4.96 a share, from $185 million, or $1.36 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share grew to $3.18 from $1.42, beating the FactSet consensus of...

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  • Dow swings to profit, revenue beats expectations as prices rise

    Shares of Dow Inc. edged up 0.5% in premarket trading Thursday, after the chemicals company swung to a second-quarter profit and reported revenue that rose above expectations, boosted by sharp local price increases amid stronger demand. Net income was $1.93 billion, or $2.51 a share, after a loss of $217 million, or 31 cents a share, in the year-ago period. Excluding nonrecurring items, operating earnings per share was $2.72, beating the FactSet consensus of $2.47. Sales jumped 66.2% to $13.89...

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  • Merck stock slips after adjusted profit matches expectations, while revenue beats

    Shares of Merck & Co. Inc. fell 0.9% in premarket trading Thursday, after the drug maker reported second-quarter adjusted profit that matched expectations, while sales rose above forecasts even as Keytruda sales came up short. Net income fell to $1.55 billion, or 61 cents a share, from $3.00 billion, or $1.18 a share, in the year-ago period. Excluding nonrecurring items, such as a $1.7 billion charge for the acquisition of Pandion Therapeutics, adjusted earnings per share rose to $1.31 from...

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  • Abbott Labs stock gains after profit more than doubles, sales rise above expectations

    Shares of Abbott Laboratories edged up 0.2% in premarket trading Thursday, after the medical devices, diagnostics and nutrition company reported second-quarter profit and sales that rose above expectations, with beats in all of its major business segments. Net income more than doubled, to $1.19 billion, or $1.17 a share, from $537 million, or 57 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.17 topped the FactSet consensus of $1.02. Sales...

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  • Norfolk Southern profit more than doubles to beat expectations as railway revenue rises 34%

    Norfolk Southern Corp. reported Wednesday second-quarter profit that more than doubled to beat expectations, as revenue growth was more than triple the increase in costs. The railroad operator's stock was still inactive in premarket trading. Net income rose to $819 million, or $3.28 a share, from $392 million, or $1.53 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.97. Railway operating revenue grew 34.2% to $2.80 billion, beating the FactSet consensus of...

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  • Humana beats profit and revenue expectations, maintains full-year adjusted earnings outlook

    Humana Inc. reported second-quarter profit and revenue that beat expectations, but maintained its full-year adjusted earnings outlook, while saying it expects to record a $1 billion gain in the current quarter on its ownership of Kindred at Home. The health insurer said pretax net income fell to $738 million, or $4.55 a share, from $2.59 billion, or $13.75 a share, in the year-ago period, citing the "significant, temporary deferral of care in 2020" from COVID-19-related factors. Excluding...

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  • Harley-Davidson stock surges after profit, revenue beat expectations as motorcycle sales more than doubled

    Shares of Harley-Davidson Inc. shot up 2.4% in premarket trading Wednesday, after the motorcycle seller swung to a second-quarter profit that beat expectations and revenue that rose above forecasts, as a slight miss in motorcycle revenue was offset by a beat in parts and accessories sales. Net income was $206 million, or $1.33 a share, after a loss of $92 million, or 60 cents a share, in the year-ago period. Excluding nonrecurring items, the company swung to earnings per share of $1.41 from a...

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