UNCOVERED: 11 - Caught on Camera

US Study Shows Omicron As Severe As Previous COVID Variants: Reuters

A large U.S. study has found that the omicron variant of the SARS-CoV2 virus is intrinsically as severe as previous variants, unlike assumptions made in earlier studies that it was more transmissible but less severe, Reuters report. "We found that the risks of hospitalization and mortality were nearly identical between periods,"…

Benzinga · May 5, 2022

Ferrari Shares Race Downward Post Q1 Performance

Ferrari NV (NYSE:RACE) reported first-quarter FY22 sales growth of 17.3% year-on-year to €1.186 billion. Total shipments of 3,251 units improved 17.3% from last year. Car and spare parts revenue rose 18% Y/Y, and Engines decreased 18%. Adjusted EBITDA rose 12% Y/Y to €423 million, and the margin contracted 160 basis points Y/Y to…

Benzinga · May 4, 2022

Here's Why Moderna Shares Are Trading Higher After Q1 Earnings Today

Moderna Inc (NASDAQ:MRNA) reports a Q1 EPS of $8.58, compared to the $2.84 posted a year ago, handsomely beating the consensus estimate of $5.21. Total revenue was $6.1 billion compared to $1.9 billion in Q1 FY21, primarily due to increased product sales. The revenue consensus was $4.43 billion. Product sales were $5.9…

Benzinga · May 4, 2022

Why Colgate-Palmolive Shares Are Trading Lower Today

Colgate-Palmolive Co (NYSE:CL) reported first-quarter FY22 sales growth of 1.5% to $4.399 billion, marginally missing the consensus of $4.4 billion. Organic sales increased by 4%. Total Oral, Personal, and Home Care net sales decreased 0.9% to $3.5 billion. Non-GAAP EPS of $0.74 missed the analyst consensus of $0.75. Gross profit decreased 2.5% Y/Y…

Benzinga · Apr 29, 2022

Marlboro Maker Altria Clocks 2.4% Revenue Decline In Q1; Reaffirms FY22 EPS Outlook

Altria Group Inc (NYSE:MO) reported a first-quarter FY22 sales decline of 2.4% year-on-year to $5.89 billion. Revenues net of excise taxes fell 1.3% to $4.82 billion. Net revenues for smokeable products increased 0.3%, and oral tobacco products fell 2.1%. Total cigarette volume declined 12%, with Marlboro shipment volume down 11.1%. Marlboro retail share…

Benzinga · Apr 28, 2022

Mastercard Q1 Earnings Beat Street View As Travel Spending Rebounds

Mastercard Incorporated (NYSE:MA) has reported Q1 sales of $5.2 billion, up 24% (28% currency-neutral), beating the consensus of $4.91 billion. Gross dollar volume increased 17%, on a local currency basis, to $1.9 trillion. Cross-border volume growth of 53% on a local currency basis, with switched transactions growth of 22%. Other revenues increased 18%,…

Benzinga · Apr 28, 2022

Mattel Q1 Earnings Smashes Estimates; Reiterates 2022, 2023 Goals

Mattel Inc (NASDAQ:MAT) reported first-quarter FY22 sales growth of 19% year-on-year, to $1.04 billion, beating the consensus of $917.95 million. North America segment sales rose 26% Y/Y, and International sales grew 16%. Worldwide Gross Billings for Dolls increased 4% Y/Y, Infant, Toddler, and Preschool rose 12%, Vehicles jumped 31%, and Action Figures, Building…

Benzinga · Apr 28, 2022

China Lockdowns Pose Earnings Risk For Major Industrial Stocks and Autos like Tesla

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports. Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.…

Benzinga · Apr 27, 2022

Pfizer, BioNTech Seeks Emergency Use Nod For COVID-19 Vaccine For Kids 5-11 Years

Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) have submitted an FDA Emergency Use Authorization (EUA) application for a 10-µg booster dose of COVID-19 Vaccine for children 5 through 11 years of age. The submission included data from the Phase 2/3 clinical trial in children ages 5 through 11 years who received a booster dose…

Benzinga · Apr 27, 2022

PepsiCo Q1 Earnings Tops Estimates

PepsiCo Inc (NASDAQ:PEP) reported first-quarter FY22 sales growth of 9.3% year-on-year to $16.2 billion, beating the consensus of $15.53 billion. Net revenue from Frito-Lay North America increased 14% Y/Y, Quaker Foods North America rose 11%, and PepsiCo Beverages North America climbed 5.5%. Latin America sales rose 19% Y/Y. The gross profit increased 7.6%…

Benzinga · Apr 26, 2022