McKesson, a leading drug distributor, has reported a drop in profit for the latest quarter due to a significant charge associated with Rite Aid. However, the company has raised its outlook for the fiscal year. In the fiscal third quarter that ended on December 31, McKesson recorded a net income of $589 million, or $4.42 per share. This is a decrease from the previous year's net … [Read more...] about McKesson Reports Drop in Profit, Raises Outlook for Fiscal Year
Forex News
Disney’s Streaming Business Reports Strong Progress in Q1 Earnings
In its latest earnings report, the Walt Disney Co. demonstrated significant progress in narrowing losses within its streaming business. This development serves as a crucial step towards Chief Executive Bob Iger's ongoing efforts to transform the media giant's financial outlook. Despite facing increased pressure from activist investors, Disney (DIS) exceeded expectations in its … [Read more...] about Disney’s Streaming Business Reports Strong Progress in Q1 Earnings
Stock Futures Dip as S&P 500 Eyes 5,000 Mark
Stock futures dipped on Thursday following the record-high close of the S&P 500, as the market moved closer to the monumental 5,000 mark. Let's take a look at some stocks that are poised to make moves today. Walt Disney: Strong Earnings and Strategic Investments Walt Disney reported fiscal first-quarter earnings that exceeded expectations, impressing investors. The … [Read more...] about Stock Futures Dip as S&P 500 Eyes 5,000 Mark
Snow Lake Resources Expands Lithium Portfolio with Acquisition in Ontario
Snow Lake Resources, a Canadian lithium development company, has announced its plans to further expand its lithium portfolio with the acquisition of a majority stake in a group of mineral claims in western Ontario. The company has entered into an option agreement with Manitoba-based Manco to purchase a 90% undivided interest in claims located in the Muskrat Dam Lake area, near … [Read more...] about Snow Lake Resources Expands Lithium Portfolio with Acquisition in Ontario
PayPal Faces Skepticism on Turnaround Efforts
PayPal Holdings Inc. finds itself in a precarious position once again, as doubts linger among some investors on Wall Street regarding the company's ability to successfully execute its turnaround plan. PayPal's shares have tumbled in premarket trading, with analysts expressing skepticism about the effectiveness of the company's recent efforts. Wells Fargo analyst Andrew Bauch, … [Read more...] about PayPal Faces Skepticism on Turnaround Efforts
