The analyst believes the selloff is largely due to Street expectations
for the launch trajectory of NASH drugs becoming more conservative.
Slack Technologies Inc (NYSE:WORK) reported a second-quarter loss per share of 14 cents on Wednesday, beating Street expectations
for an 18-cent loss.
Procter & Gamble's quarterly revenue and profit beat Wall Street expectations
yesterday, sending shares up even as the world's top personal goods company took an $8bn (PS6.6bn) writedown on its Gillette shaving business.
Revenue was up 3%, but below Wall Street expectations
, as was earnings per share.
The results met Wall Street expectations
. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 81 cents per share.
Mumbai; Apple Inc warned that sales for the crucial holiday quarter would likely miss Wall Street expectations
Having added 5.15 million subscribers in the three months ending June 30, Netflix failed to meet Wall Street expectations
as well as its own forecast given in April.
UnitedHealth Group's second quarter earnings beat Wall Street expectations
, helped by a surge in government-funded coverage, and the nation's largest health insurer hiked its 2018 forecast again.<br />UnitedHealth now expects adjusted earnings to range between $12.50 and $12.75 per share.
On May 8, the company formerly known as Gannett reported Q1 2018 results that surpassed Wall Street expectations
The company posted a $32.32 billion revenue, higher than Wall Street expectations
. However, the company posted $9.70 earnings per share, missing expectations.
On Thursday, the firm reported second-quarter earnings that beat Wall Street expectations
. The firm said that its adjusted earnings per share stood at USD0.58, USD0.06 higher than what Wall Street analysts had expected.
The world's largest retailer also issued a forecast for the holiday shopping season that largely topped Wall Street expectations
, and narrowed its full-year outlook after cutting it in August.