Lowe's stock rises after retailer tops earnings estimates

Lowe's Cos. Inc.'s stock rose 2.2% premarket Tuesday, after the home-improvement retailer posted better-than-expected first-quarter earnings as a decline in big ticket spending was partially offset by positive performance in Pro and online. 


 
XPeng's First-Quarter Net Loss Narrows on Higher Revenue

The Chinese carmaker reported a narrower net loss in the first quarter on a steep rise in revenue and guided for higher second-quarter vehicle deliveries. 


 
CyberArk to Acquire Venafi for $1.5 Billion as Cyber Market Shows Signs of Recovery

Vendors are eyeing acquisitions and IPOs as the cybersecurity market regains investor interest. 


 
Real-Estate Downsizing Finally Comes for Your Pharmacy

CVS, Walgreens and Rite Aid are closing hundreds of stores as discount retailers and e-commerce outlets increase competition. 


 
Samsung Appoints New Chief for Chip Business

Samsung Electronics has tapped a new chief for its semiconductor arm as it looks to boost its competitiveness in the chip industry amid the artificial-intelligence boom. 


 
China Vanke Secures Fresh Loan

The major Chinese developer has secured a fresh loan that takes its total borrowings this month to more than US$1 billion, part of ongoing efforts to temper liquidity pressures as it seeks to finish housing projects. 


 
AstraZeneca Targets $80 Billion Revenue by 2030

AstraZeneca has set out a new revenue target as it aims to bolster its investment in technologies and platforms, and said it would develop 20 new medicines throughout the next six years. 


 
Generali Outlook on Track After Quarterly Beat

Generali backed its financial targets after it reported better-than-expected results for the first quarter, with solid growth across all of its business. 


 
GSK Sees Positive Trial Results For Potential Blockbuster Drug

GSK said two late-stage trials of an asthma drug that could have peak sales of almost $4 billion met their goals. 


 
Li Auto Shares Shed 19% on Weak Earnings, Tough Outlook

Shares fell sharply in Hong Kong after the Chinese hybrid-vehicle specialist unveiled weaker-than-expected earnings and guidance following a lackluster launch of its first fully-electric model.


(END) Dow Jones Newswires

05-21-24 0715ET