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Company News for Apr 18, 2024

Zacks Equity Research
·1-min read

  • Eli Lilly and Company (LLY) shares rose 0.5% after announcing positive late-stage results for its weight-loss drug Zepbound, which is especially beneficial for overweight individuals with sleep apnea.

  • Shares of Autodesk, Inc. (ADSK) fell 5.8% following news of a delay in the filing of its annual Form 10-K due to an internal investigation into its accounting practices related to free cash flow and adjusted operating margin.

  • Mobileye Global Inc. (MBLY) increased 2.8% after announcing the delivery of its new EyeQ6 Lite system-on-chip, accelerating ADAS upgrades globally.

  • U.S. Bancorp (USB) shares tumbled 3.6% after reporting first-quarter 2024 revenues of $6.69 billion, missing the Zacks Consensus Estimate by 0.16%.

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