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UPS Beats Expectations in Second Quarter

UPS Beats Expectations in Second Quarter

United Parcel Services (UPS) reported second-quarter results that came in better than Wall Street expected as gains in the domestic segment offset a weaker performance in the international division amid demand for next-day delivery that was driven by online shopping. Adjusted earnings rose to $1.96 a share from $1.94 a share in the same period of 2018, while the consensus […]

Southwest Airlines First-Quarter Results Beats Expectations Despite Boeing 737 MAX Groundings

Southwest Airlines First-Quarter Results Beats Expectations Despite Boeing 737 MAX Groundings

Southwest Airlines (LUV) unveiled guidance for its second quarter on Thursday as it posted better-than-expected results for its first quarter despite the impact of Boeing 737 MAX aircraft being grounded, unscheduled maintenance and severe weather. The Dallas, Texas-headquartered company posted total operating revenue of $5.15 billion in the three months ended March 31, up 4.1% from the prior-year quarter. This […]

Eli Lilly, Avidity in Immunology Licensing, Research Agreement of Up to $440 Mln

Eli Lilly, Avidity in Immunology Licensing, Research Agreement of Up to $440 Mln

Eli Lilly and Co. (LLY) said it agreed to a global licensing and research collaboration worth a potential $440 million with Avidity Biosciences Inc. to develop and distribute potential new medicines in immunology and other select indications. Avidity will contribute its technology platform to progress new therapeutic approaches toward clinical development and commercialization, the pharmaceutical companies said Monday. Under the […]