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Costco (COST): Complete comparable retailer gross sales rose 8.5% in September, beating Wall Road’s earnings estimate of 6.3% progress. Comparable gross sales excluding the impacts from modifications in gasoline costs and overseas change rose 8.6%. Internet gross sales for final month totaled $21.5 billion, up 10.1% from a yr in the past.
Ford (F): The corporate is elevating the value of its F-150 lightning for the second time in latest months, pushed by larger prices and provide chain points. The 2023 F-150 Lightning Professional, which is aimed toward business customers, will price $51,974, up $5,000 from its earlier beginning value. That is the second time Ford has raised the value for its F-150 Lightning in two months. In an announcement, Ford stated it’s adjusting the value “as a consequence of ongoing provide chain constraints, rising materials prices and different market elements” and that it plans to “proceed to watch pricing throughout the mannequin yr.”
Abbvie (ABBV): The biopharmaceutical firm stated 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. In consequence, 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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