Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – CVS named Executive Vice President Karen Lynch as its next CEO, effective Feb. 1, replacing the retiring Larry Merlo. Separately, CVS reported better-than-expected sales and profit for its latest quarter, as prescription drug volumes rebounded. Shares rose 2% in
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Democratic U.S. presidential nominee and former Vice President Joe Biden speaks at the Get Out The Vote event in Cleveland, Ohio, U.S., November 2, 2020. Kevin Lemarque | Reuters American presidents have long wanted the U.S. to be self-sufficient when it comes to oil, and if former Vice President Joe Biden wins the presidency, he
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.39 per share for the third quarter, smaller than the loss of $2.52 anticipated by Wall Street. Revenue was also above estimates. Boeing said it was targeting a workforce of 130,000 by the end of 2021, which is
Here are the stocks making headlines in extended trading: Pinterest — The social media stock soared 30% after reporting 49% revenue growth in the third quarter. The company reported 13 cents adjusted earnings per share and $443 million of revenue. Analysts surveyed by Refinitiv were looking for 3 cents in earnings per share and $383.5
An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Check out the companies making headlines in midday
The stock market is selling off hard on rising virus cases and election uncertainty, and it faces another big test Thursday when Big Tech favorites report earnings. “I think it may be we’re beginning to see a sea change about tech valuations,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. He noted that
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters The bond market appears to be waking up. After trading in a close range since June, Treasury yields are starting to break
Check out the companies making headlines midday Monday: Dunkin’ Brands — Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there’s “no certainty that any agreement will be reached.” The New York Times reported that the
Check out the companies making headlines before the bell Monday: Dunkin’ Brands (DNKN) — Dunkin’ shares rallied more than 15% in the premarket after the company said it was in talks to be acquired by Inspire Brands, the owner of restaurant chains Arby’s and Jimmy John’s. The New York Times said a deal would take
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on the Street to have less than a buy-equivalent rating on the stock. Goldman said the
Take a look at some of the biggest movers in the premarket: Intel (INTC) — The chipmaker reported third-quarter earnings of $1.11 per share, in line with estimates. Revenue was higher than expected at $18.33 billion, while analysts surveyed by Refinitiv expected $18.25 billion. The company’s Data Center Group, however, saw revenue decline by 7%
A trader walks past a campaign sign for U.S. President-elect Donald Trump and U.S. Vice President-elect Mike Pence on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. Michael Nagle | Bloomberg | Getty Images About a third of the S&P 500 companies report earnings, including
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola beat estimates by 9 cents a share, with quarterly earnings of 55 cents per share. Revenue topped forecasts as well. The partial reopening of theaters and restaurants helped the company’s results, and an organic sales decline of 6% was
A visitor at Intel’s Artificial Intelligence (AI) Day walks past a signboard during the event in Bangalore, India Manjunath Kiran | Getty Check out the companies making headlines after hours Thursday: Intel — Intel shares dropped 10% after the bell on the back of mixed results for the company’s fiscal third quarter. The chip maker
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Netflix — The entertainment stock sank 6.5% after missing Wall Street expectations for third-quarter earnings and subscriber additions. Netflix added 2.2 million subscribers globally
Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Check out the companies making headlines after hours Wednesday. Tesla — The electric car maker’s stock popped 3% after Tesla reported third-quarter earnings and revenue that topped analysts’ expectations at 76
Check out the companies making headlines after hours Tuesday. Netflix — shares slipped more than 6% after the company missed estimates for the third quarter. The streaming giant earned $1.74 per share compared with the $2.14 expected by analysts polled by Refinitiv. Revenue came in at $6.44 billion, which was ahead of the $6.38 billion
Noam Galai | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. IBM – Shares shed more than 6% after IBM’s third-quarter results showed a third straight quarter of declining revenue. The company earned an adjusted $2.58 per share for the quarter, which was in line with Street forecasts,
Take a look at some of the biggest movers in the premarket: Concho Resources (CXO) – ConocoPhillips (COP) will buy its rival energy producer in an all-stock transaction valued at $9.7 billion. Concho shareholders will receive 1.46 ConocoPhillips shares for every share they now own. CNBC’s David Faber had reported last week that the two
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
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