Dana Incorporated ( DAN ) shares are trading lower on Tuesday after reporting first-quarter results. The company reported adjusted earnings per share of 27 cents, beating the street view of 19 cents.  Quarterly sales of $2.735 billion beat the analyst consensus of $2.684 billion. Dana reported quarterly adjusted EBITDA of $223 million, an increase of $19 million over last year. “We achieved 39 percent profit conversion on traditional organic...

02:03 PM EDT, 04/30/2024 (MT Newswires) -- Moderna's ( MRNA ) top-line sales are expected to start growing in 2025 as three products are anticipated to be approved and multiple products are expected to be launched in the next 12 to 18 months, Oppenheimer said in a note Monday. The [respiratory syncytial virus] vaccine approval is slated for early May...

02:04 PM EDT, 04/30/2024 (MT Newswires) -- PayPal Holdings ( PYPL ) on Tuesday raised its full-year earnings guidance after reporting higher first-quarter results year over year under a new accounting methodology. The payments firm now expects 2024 non-GAAP per-share earnings to grow by a mid to high single-digit percentage, compared with $3.83 a year earlier. PayPal ( PYPL )...

(Reuters) - A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft ( MSFT ) and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their generative artificial-intelligence systems. The eight newspapers, owned by hedge fund Alden Global Capital's MediaNews Group, said in the lawsuit that the companies...