Financial Reports

Investors are getting too pessimistic about this long-term compounder.

Click here to read the full article. LONDON – Compagnie Financière Richemont saw double-digit gains across the business driven by retail sales and strong demand in the Americas region, resulting in a 44 percent surge in revenue to 19.18 billion euros and operating profit that more than doubled to 3.39 billion euros in the fiscal full year. Profit after tax rose 61 percent to 2.08 billion euros, while the company’s net cash position was 5.25 billion euros.More from WWDPhotos from Farfetch's Spring 2022 CampaignA Look Back at Alber Elbaz in Pictures31 Quirky Home Decor Items to Elevate WFH Richemont did not update...

BAH earnings call for the period ending March 31, 2022.

Here is what to expect when three retailers and a Chinese online services provider report quarterly results before markets open on Tuesday.

A $21/share offer for Covetrus Inc. (NASDAQ:CVET) from Clayton, Dubilier & Rice appears to be a "relatively modest" price, according to Stifel. Covetrus rose 11%. The $21 offer implies a purchase price of 14x 2022E EBITDA or 10-11x for the underlying distributor business if its assigned a 19-21x EBITDA multiple for the "faster" growing (20%+) and scaling Prescription Management and (Software) businesses, Stifel analyst Jonathan Block, who has a buy rating and $22 price target on CVET, wrote. CD&R already owns ~24% of Covetrus shares outstanding.

Q1 comment: sales are recovering and FCF is higher than pre-COVID-19 levels. Analyzing Autogrill potential business combination. We confirm our positive view reiterating our target price at CHF 50 per share.

Regeneron just posted another impressive quarter for earnings (+16% YoY) and revenues (+17% YoY). Growth is set to slow after a one-time boost from its COVID antibody cocktail last year and an upcoming patent expiry for Eylea. A high-dose Phase 3 trial for Eylea and extensive roadmap for Dupixent hold...

Cancer-focused clinical-stage biotech Kronos Bio (NASDAQ:KRON) is trading higher in the pre-market Friday after its President & Chief Executive Officer Norbert Bischofberger disclosed the purchase of about $2.3 million worth of company shares. Bischofberger made the purchase in three separate transactions this week, according to an SEC filing submitted on...