Tag Archives: lead tech

Novo Nordisk Struggles In U.S. Market; Q1 Sales Miss

Danish drug giant Novo Nordisk missed Q1 sales estimates and lowered its full-year revenue forecast Thursday, as the loss of support from U.S. payers hurt. The stock fell 2.9%. Novo Nordisk (NVO) made 45 cents a share in the quarter, up about 10% over the year-earlier quarter in Danish kroner, and a penny above analysts’ consensus. Sales increased 7% in local currencies to the equivalent of $3.73 billion, missing consensus of $3.97 billion. The

Facebook Launches Mobile Ad Network For Apps

Social network Facebook on Wednesday launched an ad network for mobile apps, a move the company says will boost partnerships among mobile companies and fuel years of growth. “This is really the first time that we’re going to help you monetize on mobile in a serious way,” Facebook CEO Mark Zuckerberg said in the keynote address at his company’s F8 developers conference in San Francisco Wednesday. The Audience Network will let developers serve

EBay Q1 EPS, Sales Edge Forecasts, But Outlook Misses

EBay late Tuesday posted Q1 EPS and sales that narrowly beat views, but its outlook missed and PayPal’s sales growth remained flat for a third straight quarter. EBay (EBAY) stock was down more than 4% in after-hours trading Tuesday, after the release, after rising 1.7% in the regular session. “EBay is holding its own, but could do better,” ITG analyst Steven Weinstein told IBD. San Jose, Calif.-based eBay this month reached an accord with