AbbVie earnings beat estimates but sag on decline in oncology and aesthetics biz

AbbVie slipped after it reported earnings results that beat Wall Street estimates, but also showed a slowdown in its oncology and aesthetics business.

The company reported adjusted quarterly earnings per share of $1.86, compared to the $1.77 analysts polled by FactSet were expecting, and raised its full-year profit guidance. It also reported revenue at $15.7 billion, higher than the $15.5 billion the Street was penciling in.

But the pharmaceutical giant’s oncology and aesthetics business (sales of Botox and Juvederm) slowed down and missed the Street’s estimates. The latter is sometimes seen as a pulse for consumer sentiment.

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Paige Oamek6m

Workday jumps on positive Q1 earnings under returning CEO

Workday spiked as much as 10% after-hours on Thursday as the B2B SaaS company announced first quarter results.

Here are the numbers:

Q1 revenue of $2.54 billion (compared to analyst estimates of $2.51 billion).
Q1 adjusted earnings per share of $2.66 (estimate: $2.51).
Q1 subscription revenue of $2.35 billion (estimate: $2.33 billion).

This was Workdays's first quarter with its returning CEO, co-founder Aneel Bhusri who re-took the reigns in February of this year. It was also to a test to see how the company's ongoing AI pivot has been going, as AI investment often comes with steep costs that may not initially be fully counter-balanced by savings through efficiency.

Workday has been trading down 40% since the beginning of 2026.

In February, the company also cut about 2% of its global workforce (about 400 positions) — that's following larger-scale layoffs last year as the company leaned into AI.

The software company is also still litigating a nationwide class-action lawsuit that alleges it uses said AI to algorithmically discriminate against certain job-seekers based on age, race, and disability (which the company disputes).

Looking ahead, the company said they project 2027 subscription revenue outlook of $9.925 billion to $9.950 billion, on-par with analyst estimates.

"Our focus remains on executing on our agentic AI roadmap while driving operational efficiencies as we scale," said Zane Rowe, CFO, Workday. The company said in a Q4 earnings call that AI was involved in roughly customer-base transactions.

Two screen display gameplay in Grand Theft Auto

Take-Two reaffirms November release for “GTA 6,” reports better-than-expected Q4 net bookings

Take-Two said Rockstar will kick off its “GTA 6” marketing campaign this summer.

Max Knoblauch25m

Tasha Matsumoto

42m

Stocks gain and oil dips as traders evaluate US-Iran deal progress

Stocks managed to eke out a gain while the price of oil dipped as traders evaluated the progress on a deal with Iran.

Caricature illustration depicting three French bulls in a field. 'Le Rire' magazine 1902.

Saleah Blancaflor3h

US gas prices rise again, sitting at their highest levels in 4 years ahead of Memorial Day weekend

Just days away from Memorial Day weekend, the national average of US gas prices has risen from a week earlier, sitting at the highest they’ve been in four years.

The price is currently $4.56 a gallon, up $0.03 from last week and $1.38 higher than this time last year, according to the American Automobile Association. Today’s prices are right around what customers were paying four years ago, when the price on Memorial Day was $4.61. Gas prices experienced a short-lived dip earlier this month before rising again.

Gasoline is in high demand ahead of Memorial Day weekend, and the Strait of Hormuz remains closed because of the war in Iran, leaving prices elevated as more drivers hit the road. GasBuddy’s Patrick De Haan predicts that gas prices could soon hit $4.80 a gallon soon amid the strait’s closure.

Oil prices ticked up slightly on Thursday, with West Texas Intermediate sitting around $100 a barrel, after plunging on Wednesday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Memorial Day Weekend Gas Prices Reach Four-Year Highs

Oil prices ticked up slightly on Thursday, with West Texas Intermediate sitting around $100 a barrel, after plunging on Wednesday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Luke Kawa

What Wall Street’s saying about Nvidia’s Q1 results

A makeover beautifies the growth outlook; so does the CPU opportunity.

Jensen Huang in front of Vera Rubin at CES 2026

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