Costco (COST): Whole comparable retailer gross sales rose 8.5% in September, beating Wall Avenue’s earnings estimate of 6.3% development. Comparable gross sales excluding the impacts from modifications in gasoline costs and overseas trade rose 8.6%. Internet gross sales for final month totaled $21.5 billion, up 10.1% from a 12 months in the past.
Ford (F): The corporate is elevating the worth of its F-150 lightning for the second time in latest months, pushed by increased prices and provide chain points. The 2023 F-150 Lightning Professional, which is geared toward industrial customers, will price $51,974, up $5,000 from its earlier beginning value. That is the second time Ford has raised the worth for its F-150 Lightning in two months. In an announcement, Ford mentioned it’s adjusting the worth “resulting from ongoing provide chain constraints, rising materials prices and different market components” and that it plans to “proceed to observe pricing throughout the mannequin 12 months.”
Abbvie (ABBV): The biopharmaceutical firm mentioned in a submitting that its third-quarter earnings are anticipated to incorporate acquired IPR&D and milestones expense of $40 million on a pre-tax foundation. Because of this, AbbVie’s third-quarter adjusted earnings per share steerage is $3.53 to $3.57 and its full-year 2022 adjusted EPS forecast is $13.76 to $13.96.
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