Phillips 66  shares are trading lower after it reported first-quarter FY24 results. Revenue of $36.436 billion exceeded the consensus of $33.075 billion. Adjusted EPS of $1.90 missed the consensus of $2.17. Midstream segment adjusted pre-tax income stood at $613 million, vs. $754 million in the fourth quarter of fiscal 2023. The Chemicals segment adjusted pre-tax income stood at $205 million vs. $106 million in the prior...

10:30 AM EDT, 04/26/2024 (MT Newswires) -- Apellis Pharmaceuticals ( APLS ) said Friday that the review of the marketing authorization application for pegcetacoplan has been reset to day 180, the last phase of the initial assessment by the European Medicines Agency. The application is for intravitreal pegcetacoplan to treat geographic atrophy, a leading cause of blindness. The company said...

10:29 AM EDT, 04/26/2024 (MT Newswires) -- Archrock ( AROC ) said Friday its board has extended its share repurchase program for an additional two-year period and maintained its quarterly dividend. The extended buyback program has an available capacity of $50 million. The program was originally set to expire Saturday, the company said. The $0.165 per share dividend is payable...

MEXICO CITY, April 26 (Reuters) - Mexico's FEMSA, which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted an 11% increase in revenue in the first quarter, boosted by growth across nearly all its business sectors. Revenue came in at 178.20 billion pesos ($10.78 billion) in the three-month period, largely in line with expectations,...