Trane Technologies plc ( TT ) shares are trading higher after the company reported third-quarter financial results and raised its FY24 guidance. Revenues grew 11% year-over-year to $5.44 billion, surpassing the consensus of $5.32 billion. Bookings increased 5% to $5.213 billion in the quarter. Enterprise reported an 11% increase in both revenues and organic revenues. The backlog totaled $7.2 billion, versus $6.9 billion at year-end 2023. Adjusted EBITDA rose 18% to $1.127 billion, with...

10:43 AM EDT, 10/30/2024 (MT Newswires) -- VF (VFC) unveiled Wednesday its medium-term financial targets, including an adjusted operating margin of at least 10% by fiscal 2028. The company also said it aims for at least 55% adjusted gross margin, adjusted selling, general, and administrative expenses as a percentage of revenue of 45% or lower, and a net leverage of...

* US imposes sanctions on nearly 400 entities and individuals * Action sends serious message that the US committed to countering evasion, official says * Sanctions target entities, individuals in China, India, Turkey and elsewhere By Daphne Psaledakis and Simon Lewis WASHINGTON, Oct 30 (Reuters) - The United States on Wednesday imposed curbs on hundreds of targets in fresh action...

10:04 AM EDT, 10/30/2024 (MT Newswires) -- AnaptysBio ( ANAB ) shares were down almost 22% in recent Wednesday trading after Eli Lilly ( LLY ) said it is removing arthritis drug peresolimab from its pipeline. AnaptysBio ( ANAB ) is developing rosnilimab, an arthritis treatment that is similar to peresolimab, according to media reports. AnaptysBio ( ANAB ) previously...