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Linde

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Pfizer's Revenue Forecast Causes Major Stock Drop

Originally Published 2 years ago — by Yahoo Finance

Pfizer's stock dropped over 7% as the pharmaceutical company provided disappointing full-year guidance for 2024, with a decline in COVID-19-related product sales. Pfizer expects its legacy pharmaceutical business to generate $54.5 billion to $57.5 billion in sales for 2024, down from previous expectations. Linde, an industrial gas company, saw its stock fall about 5% after hitting record levels earlier in the week. The decline is likely a reaction to the stock's recent gains, as Linde remains fundamentally strong with a diversified client base and high demand for its gases.

business stock-market guidance linde pfizer revenue stock-market

Jim Cramer's Surprising Pick: Why Linde is Preferred Over Air Products After Bad Quarter

Originally Published 2 years ago — by CNBC

CNBC's Jim Cramer favors rival Linde over Air Products and Chemicals after the latter reported weaker-than-expected earnings and revenue for its fourth quarter of fiscal 2023. Cramer highlighted Air Product's weak forward guidance compared to Linde's overall upbeat results last month, indicating that the industrial gas industry may be a "winner takes all game." Linde had posted strong adjusted earnings-per-share growth and a lift to its profit guidance, resulting in stock gains. Cramer's Charitable Trust holds a stake in Linde but not in Air Products.

business business air-products-and-chemicals business earnings industrial-gas-industry linde quarterly-performance