Temu-Owner PDD Tops Revenue Estimates, But Competition Squeezes Margins

[ad_1] E-commerce firm PDD Holdings, which operates low-cost platforms Pinduoduo in China and Temu internationally, beat quarterly income estimates on Monday, though internet revenue fell resulting from investments to beat back rising competitors.US-listed shares of the corporate have been up 1 %, after having jumped greater than 11 % in...

AbbVie Lifts Profit Guidance, Cosmetic Treatments Revenue Lags

[ad_1] AbbVie Inc. raised its revenue outlook for the 12 months on better-than-expected gross sales from newer autoimmune therapies, however warned its forecast doesn’t keep in mind any potential adjustments in commerce coverage. The drugmaker raised its 2025 adjusted earnings by 10 cents to a variety of $12.09 to $12.29...