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Pfizer beat second-quarter estimates and raised its low-end revenue guidance to $60.5 billion to $62.5 billion, driven by strong sales of Eliquis and other non-Covid drugs.
Pinterest shares declined 7% after reporting better-than-expected earnings and revenue but providing conservative guidance for the upcoming quarter.
AMD reported second-quarter revenue growth of 50% to $7.69 billion, with data center sales doubling to $6.7 billion, but the stock declined in extended trading despite beating expectations.
Berkshire Hathaway shares closed nearly 1% lower Monday despite CEO Greg Abel’s strong first annual meeting performance and the conglomerate’s 18% operating earnings jump.
Women’s clothing retailer Reformation priced its IPO at $15 and began trading on the New York Stock Exchange on Thursday, closing essentially flat after raising $210.9 million.
Alphabet, Amazon, and Microsoft collectively gained nearly $1.5 trillion in market value this week following strong earnings reports and increased AI spending commitments, while Meta and Apple experienced significant declines.
