Better than Peers, How Novo's Semeglutide beat the market?
$Novo-Nordisk A/S(NVO)$ reported Q3 2024 earnings before the bell on Nov. 6, beating market expectations with revenue of DKK 204,720 million ($29.5 billion), up 23%.Bariatric care sales grew 44%, with North America up 32% and international operations up 95%.Operating profit increased by approximately 26% year-on-year to DKK 33.8 billion, and year-to-date operating profit amounted to DKK 91.6 billion, an increase of approximately 18% year-on-year.The company raised its full-year sales and operating profit growth estimates to 23%-27% and 21%-27%, respectively, from previous currency-adjusted estimates of 22%-28% and 20%-28%.Better-than-expected sales of its most critical weight-loss treatment, Wegovy.This comes after its rival
$Coinbase Global, Inc.(COIN)$ sold in batches and regretted selling before the Election. If not profit will be fabulous π nevertheless, still satisfied with the profits. Waiting for another dip before buying more!
$SMCI 20241108 30.0 CALL$ Super Micro Computer (SMCI) stock dropped sharply on Wednesday, October 30, 2024, after its auditor, Ernst & Young (EY), resigned while auditing the company's fiscal year ending June 30, 2024. The move comes after Hindenburg Research released a brief report in August alleging "accounting manipulation" at Super Micro. SMCI's stock price has been volatile since the auditor resignation. The company has said that it is cooperating with the SEC and Nasdaq in their investigations into the matter. Some analysts have downgraded their ratings on SMCI stock, citing concerns about the company's financial reporting and its ability to meet Nasdaq listing requirements. Other analysts remain more bullish on the
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