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Equities
Valero Energy's Q1 Adjusted Earnings, Revenue Increase
Valero Energy (VLO) reported Q1 adjusted earnings Thursday of $4.22 per diluted share, up from $0.89 a year earlier.Analysts polled by FactSet expected $3.16.Revenue for the quarter ended March 31 was $32.38 billion, compared with $30.26 billion a year earlier.Analysts polled by FactSet expected $31.38 billion.
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Asia
CALB Group's Profit, Revenue Rise in Q1
CALB Group (HKG:3931) recorded a rise in attributable profit in the first quarter to 373 million yuan from 230.2 million yuan a year prior, according to a Thursday Hong Kong bourse filing.The EV battery maker's revenue increased to 11.8 billion yuan from 6.9 billion yuan in the year-ago period.
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Research
Mizuho Initiates Sutro Biopharma at Outperform With $50 Price Target
Sutro Biopharma (STRO) has an average rating of buy and mean price target of $33.90 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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