This week is a big one for earnings, not just because of the big names reporting but because of the large number of earnings announcements. Investors can expect the themes of higher costs and supply chain issues to continue.
Key takeaways
Four rounds of fundraising together with IPO proceeds have given the Abbisko a cumulative war chest of almost $500 million
Company is betting a significant portion of its funds on China rights to an AstraZeneca drug to treat multiple solid tumors
By Richard Barbarossa
Abbott Laboratories (NYSE: ABT) is trading higher Wednesday after the company announced better-than-expected third-quarter financial results and raised guidance.
Some of the stocks that may grab investor focus today are:
Wall Street expects Verizon Communications Inc. (NYSE: VZ) to report quarterly earnings at $1.36 per share on revenue of $33.28 billion before the opening bell. Verizon shares gained 0.5% to $52.62 in after-hours trading.