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Friday, June 30, 2023

Bausch Lomb To Buy XIIDRA Eye Drop From Novartis In Up To $2.5 Bln Deal; Stock Up In Premarket

Eye healthcare firm Bausch + Lomb Corp. (BLCO) Friday said it has entered into a definitive agreement to buy XIIDRA (lifitegrast ophthalmic solution) 5%, a non-steroid eye drop, from Swiss drug major Novartis AG (NVS) for up to $2.5 billion.

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Paychex Guides FY24 Above Estimates - Update

While reporting financial results for the fourth quarter and fiscal 2023 on Thursday, payroll and HR services provider Paychex Inc. (PAYX) initiated adjusted earnings growth and revenue growth guidance for the full year 2024, above analysts' estimates.

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McCormick Raises FY23 Adj. EPS Guidance

McCormick & Company, Incorporated (MKC) reaffirmed its fiscal 2023 sales outlook and raised its operating income and adjusted earnings per share outlook, driven by the strength of its year-to-date performance. The company expects strong underlying business performance in 2023 driven by sales growth.

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H&M Group Q2 Result After Tax Declines; Net Sales Up 6%

H&M group (HNNMY.PK, HMRZF.PK, HEN.L) reported that its second-quarter result after tax was 3.29 billion Swedish kronor compared to 3.68 billion kronor, prior year. Earnings per share was 2.02 kronor compared to 2.22 kronor. Net sales increased by 6 percent to 57.62 billion Swedish kronor. In local currencies, net sales were flattish with last year.

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UniFirst Boosts FY23 Revenue Outlook; Q3 Adj. EPS Miss Estimates

While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) maintained its earnings guidance for the full-year 2023, while raising annual revenue outlook.

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PZ Cussons Q4 LFL Revenue Growth At 6.7% - Quick Facts

PZ Cussons Plc (PZC.L) reported fourth-quarter like for like revenue growth of 6.7%, resulting in 6.1% LFL growth for fiscal 2023. Group revenue for fiscal 2023 is expected to be approximately 655 million pounds. PZ Cussons anticipates adjusted profit before tax for the year of at least 70 million pounds reflecting a particularly strong fourth quarter performance in Africa.

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Carnival Corp. Q2 Adj. Loss Narrows; Introduces SEA Change Program

Carnival Corporation & plc (CCL, CCL.L, CUK) said the company reached a meaningful inflection point for revenue during its second quarter, with net yields surpassing 2019's strong levels. The company recorded positive operating income, cash from operations and adjusted free cash flow during the quarter. Carnival noted that it saw continued acceleration of demand, with total bookings made during the quarter reaching a new all-time high for all future sailings.

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