Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toymaker reported quarterly earnings of 2 cents per share, short of the 23 cents a share consensus estimate. Revenue also came in well short of forecasts, hurt by store closures and product shortages despite strong consumer demand. The company
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Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic ties and forcing investors to reassess
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. FirstEnergy — The energy stock fell more than 24%, continuing a sharp fall from Tuesday, after the company was embroiled in a corruption investigation in
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
With airlines suffering from low traffic and billions in losses, investing in airports right now may seem unwise. But, in fact, airport bonds have been outperforming the broader municipal bond market. Strategists say it’s because airports went into the Covid crisis with a lot of cash on hand and that should help them weather the
In a summer of unending news, we may be heading into what could be the newsiest week of all. The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether Apple and other stalwarts of the tech rally report earnings. Early in the week, Republicans will unveil their stimulus package proposal, which
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
Check out the companies making headlines after the bell: Intel — Intel’s stock dropped 8% in extended trading after the company offered disappointing third-quarter guidance. Intel released its second quarter earnings, beating predictions of analysts surveyed by Refinitiv. The company reported second-quarter earnings of $1.23 per share excluding some items on revenues of $19.73 billion compared
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported a 34% jump in the key metric monetizable daily active users compared to a year ago, bringing the total to 186 million. Revenue fell short of Street forecasts, and Twitter reported an overall loss for the second quarter
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker reported quarterly earnings of $10.26 per share, compared to a consensus estimate of $8.03 a share. Revenue came in above estimates as well, helped by about $100 million in accelerated sales due to the Covid-19 pandemic. Biogen also slightly
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Snap — The social media company’s stock fell 5% in extended trading after itreleased its second-quarter financial results. The company reported a loss of 9 cents per share, in line with Refinitiv analysts’ estimate, and revenues of $454 million, compared to analysts’
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd time in 25 quarters that the company beat Wall Street forecasts, but a year-over-year revenue
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: IBM — IBM shares rose more than 6% in extended trading following the release of the company’s second quarter earnings. The technology company reported second quarter earnings of $2.18 per share excluding items
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
A view of Moderna headquarters on May 08, 2020 in Cambridge, Massachusetts. Moderna was given FDA approval to continue to phase 2 of Coronavirus (COVID-19) vaccine trials with 600 participants. Maddie Meyer | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna shares jumped 10% after the data released by
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue and subscriber additions were above estimates. Projected subscriber additions for the current quarter of 2.5
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — Shares of the streaming video giant fell 6.5% after company missed earnings estimates gave guidance
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters Investors are braced for a barrage of earnings news, and the debate in Washington around the next stimulus package may also be an important catalyst for markets since it has implications for
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