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Revenue in Q4 2022 decreased 9%. Excluding COVID-19 antibodies, revenue in Q4 2022 increased 5%, or 10% on a constant currency basis, driven by volume growth of key growth products, partially offset by lower Alimta revenue. Excluding COVID-19 antibodies, total worldwide volume in Q4 2022 increased 13%. Pipeline advancements included FDA approval of Jaypirca for mantle cell lymphoma under the accelerated approval pathway and FDA and EMA acceptance of regulatory submissions for Jardiance for adults with chronic kidney disease. Additionally, the company initiated a rolling submission in the U.S. for tirzepatide in obesity and the FDA granted Fast Track designation for tirzepatide in obstructive sleep apnea. Key growth products – consisting of Verzenio, Mounjaro, Jardiance, Taltz, Trulicity, Retevmo, Emgality, Cyramza, Tyvyt and Olumiant – grew 21% and represented 70% of revenue in Q4 2022. Q4 2022 EPS increased 13% to $2.14 on a reported basis and decreased 4% to $2.09 on a non-GAAP basis, both inclusive of $0.23 of acquired IPR&D and development milestone charges. 2023 EPS guidance updated to be in the range of $7.90 to $8.10 on a reported basis and $8.35 to $8.55 on a non-GAAP basis. INDIANAPOLIS, Feb. 2, 2023 /PRNewswire/ — Eli Lilly and […]

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Rohit Kapoor, CEO of ExlService, cofounded the firm after losing his job as a banker. (ExlService) Hard work is part of it. But winning and being successful is also about outsmarting the competition , says Rohit Kapoor, CEO of analytics and digital solutions company ExlService ( EXLS ). Playing smart is Kapoor’s winning formula. It’s been that way since his days as a squash player growing up in India. Kapoor, 57, says he was a skinny kid lacking in athletic muscle. But he was also competitive. "I like to win," he told Investor’s Business Daily. He knew he couldn’t beat bigger, stronger, faster, and more-skilled squash players. (Despite practicing three hours a day.) Instead, he fashioned a winning game plan that neutralized his opponents’ athletic edge. His strategy? Win points without having to engage in long, multi-shot rallies. "I taught myself to serve in a way that I would win the point automatically," Kapoor said. Apply Life Lessons To Business Since founding ExlService in 1999, Kapoor has used the work smart formula to fuel growth. "That’s something I still practice," Kapoor said. "We’ve chosen very carefully the types of businesses that we want to play, where we can create […]

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Insider compiled a list of the 10 jobs that could be disrupted by AI tools like ChatGPT, according to experts. ChatGPT is only a few months old and already causing waves in the business world. Experts say ChatGPT and related AI could threaten some jobs, particularly white-collar ones. Insider compiled a list of 10 jobs this technology could replace, according to experts. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Since its release in November of last year , OpenAI’s ChatGPT has been used to write cover letters , create a children’s book , and even help students cheat on their essays . The chatbot may be more powerful than we ever imagined. Google found that, in theory, the search engine would hire the bot as an entry-level coder if it interviewed at the company. Amazon employees who tested ChatGPT said […]

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Mayor Andre Dickens Announces ATLinBusiness Marketplace During Small Business Event Mayor’s Office of Communications 55 Trinity Avenue, Suite 2500 • Atlanta, Georgia 30303 Mayor Andre Dickens Announces ATLinBusiness Marketplace During Small Business Event ATLANTA —Mayor Andre Dickens and Invest Atlanta announced the launch of ATLinBusiness Marketplace— a new, dedicated digital marketplace for Atlanta-based businesses to sell and market to other Atlanta-based businesses and corporations. “ATLinBusiness Marketplace will create a more equitable business-to-business environment by connecting buyers and sellers in metro Atlanta—including minority-owned, women-owned and legacy businesses, said Atlanta Mayor Andre Dickens . “With this program, we aim to provide resources to support our local economy, create more good-paying jobs and ensure Atlanta is a city of opportunity for all.” With ATLinBusiness Marketplace, smaller, diverse suppliers will have a first destination for greater access to a wide range of buyers to help suppliers accelerate growth and generate new revenue streams. The platform will showcase participating business’s capabilities, diversity classification, certifications and more. “ATLinBusiness Marketplace will allow us another avenue to increase equity in business and access to opportunity for Atlanta’s entrepreneurs and small business owners, and to do that we must stay innovative,” said Dr. Eloisa Klementich, president and CEO […]

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MSTR Earnings Outlook SOPA Images/LightRocket via Getty Images MicroStrategy MSTR +9% , the bitcoin investment vehicle attached to a business-software company, is likely to report its first quarterly profit in two years in results expected this afternoon as its business improves and the value of its crypto hoard rises. Steady progress in its business-analytics division, which is seeking to transition customers to recurring, internet-based subscriptions–known as the software-as-a-service model–from on-premise licensed programs, should give a lift to results, according to Joe Vafi, a managing director at Canaccord Genuity. Although the business is relatively mature, it is “very sticky with good margins,” he adds. Even though Q4 revenue is expected to fall about 3% to $130 million, according to consensus data compiled by FactSet, the company is on track to report net income of $10.7 million after losing $90 million a year earlier. The last time it eked out a profit was the final quarter of 2020, when it earned $2.7 million. On the adjusted basis used by Wall Street analysts, MicroStrategy is expected to earn 98.3 cents a share, Bloomberg data show. As far as investors are concerned, the software business plays second fiddle to the company’s bitcoin strategy, […]

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Fast Facts Treasury’s State Small Business Credit Initiative is authorized to provide $10 billion to states, territories, and tribal governments to support small business lending and investment programs. All 50 states, five territories, the District of Columbia, and 283 tribal governments have applied for these funds. However, Treasury is taking longer than expected to review applications and disburse funds. We found that it could improve how it plans these and other program activities—such as identifying interim steps and staff responsible for each activity. We recommended doing so, which could help Treasury ensure timely disbursement of these funds. Highlights What GAO Found The State Small Business Credit Initiative (SSBCI) provides funds to eligible jurisdictions—states, territories, the District of Columbia, and tribal governments—to support small business lending and investment programs through its capital program. Eligible jurisdictions also can apply for technical assistance funding (such as for legal, accounting, and financial advisory services) to support certain businesses that apply to an SSBCI program or another government small business program. The Department of the Treasury, which administers SSBCI, extended application deadlines for the capital and technical assistance programs multiple times (see figure). All 50 states, five territories, and the District of Columbia submitted […]

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In this article In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season. Penn’s interactive business, which also includes online casino games, made a $5.2 million profit on $208 million in revenue during the fourth quarter of 2022. The performance helped lift the company’s overall revenue for the period by nearly 1% to $1.6 billion. The profit in sports betting came even in spite of a highly publicized $10 million bet Jim “Mattress Mack” McIngvale placed – and won – on the Houston Astros winning the World Series in November. Caesars also took a hit from Mattress Mack’s baseball bet, which blocked its own ability to turn a profit in sports betting in the fourth quarter, according […]

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ACA’s new advocacy resource provides an overview of connecting with your local Better Business Bureau, responding to consumer complaints and managing your agency’s online reputation. 1 minute read Are you a member of your local Better Business Bureau chapter? During ACA International’s 2022 Fall Forum and Expo, Chicago’s Better Business Bureau (BBB) President and CEO Steve Bernas presented with ACA members on the benefits of being part of your local BBB, how it tracks consumer complaints and reviews, and how it can help companies in the accounts receivable management (ARM) industry manage and improve their brand and reputation. While the BBB has been seen by some as an adversary to the ARM industry, in many cases, there are opportunities to unite the organization and industry businesses. Find out how to track and respond to consumer complaints, ask consumers to submit a review and more resources from the BBB in ACA’s new fact sheet: Do You Know Your Better Business Bureau? (PDF) . It also outlines background information on the BBB and the importance of connecting with your local chapter to create a profile on their website, get accredited and share BBB reviews with your staff, consumers and clients. For […]

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Amazon’s ( AMZN ) Q4 2022 earnings report, released on Feb. 2, featured mixed results. The company clocked a revenue beat, but missed both EPS and Q1 guidance estimates. The e-commerce giant’s shares are down about 3% in after-hours trading. What follows are some key numbers from the report, as compared to analysts’ expectations compiled by Bloomberg. Q4 Net Sales : $149.2 billion actual versus $145.8 billion expected Q4 Online Stores Net Sales: $64.5 billion actual versus $65.03 billion expected Q4 Physical Stores Net Sales: $4.95 billion actual versus $4.93 billion expected Q4 Earnings Per Share (EPS): 3 cents actual versus 17 cents expected Q4 Amazon Web Services (AWS) Net Sales: $21.3 billion actual versus $21.76 billion expected Q4 Operating Income: $2.7 billion billion actual versus $2.51 billion expected That miss on AWS sales is especially a blow for Amazon, as its cloud division has long thrived as a stalwart of the company’s business. However, the cloud miss perhaps shouldn’t be a surprise – last week, Microsoft ( MSFT ) warned in its earnings call that cloud growth deceleration was on the horizon. Further, in 2022 overall, Amazon reported a net loss of $2.7 billion, tying off a tough […]

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Facebook owner Meta Platforms ( META ) provided the tonic investors needed with its fourth-quarter results by vowing to make 2023 a "year of efficiency" for the beleaguered social media giant. Meta stock soared as the company tried to make good by announcing $40 billion in new share repurchases, on top of recent job reductions. "Our management theme for 2023 is the ‘Year of Efficiency’ and we’re focused on becoming a stronger and more nimble organization," Meta Chief Executive Mark Zuckerberg said in a written statement with the earnings release . The company reported adjusted earnings of $1.76 a share on revenue of $32.16 billion. Analysts expected revenue of $31.55 billion, according to FactSet. An earnings comparison with analyst estimates was not available due to restructuring charges reported by the company But Meta provided a revenue outlook that outpaced estimates. For its first quarter, the company expects revenue in the range of $26 billion to $28.5 billion. The midpoint of $27.25 billion is above estimates for $27.1 billion. Meta stock soared 23.3% to close at 188.77 on the stock market today . Difficult Year For Meta The earnings report comes after a highly difficult year for Meta, which announced […]

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