Tag: estimates

Johnson & Johnson tops quarterly profit estimates as medical device sales jump

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Johnson & Johnson reports strong first-quarter earnings driven by surging sales in its medical devices business, with total revenue in line with expectations. The company also increases its quarterly dividend and provides updates on acquisitions and legal matters, including ongoing talc-related liabilities. [ad_1] An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business…

Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates

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[ad_1] Costco selling 1 ounce gold bars Courtesy: Costco Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer. In fact, sales are so brisk that analysts at Wells Fargo expect revenue “may now be running at” $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023. “Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer…

Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy

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[ad_1] A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021.  Andrew Kelly | Reuters Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street’s expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a “challenging” retail environment in the U.S. The company also posted a steep net loss for the quarter as it recorded a hefty nearly $6 billion charge related to the decline in value of its…