IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images Check out the companies making headlines in midday trading. IBM — Shares of IBM dropped nearly 6% after the company reported
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Smucker’s Fruit & Honey brand fruit spread Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell. IBM — The technology company’s stock fell 3% in extended trading after IBM reported first-quarter financial results. The company reported revenue of $17.57 billion while analysts polled by Refinitiv expected $17.62 billion.
Check out the companies making headlines midday Monday: Boeing — Boeing shares fell more than 3% after the China Development Bank Financial Leasing Co. canceled the purchase of 29 Boeing 737 Max jets. Boeing has lost more than half of its value this year amid the coronavirus pandemic. United Airlines — Shares of United Airlines
A woman wearing face mask walks by a closed store at Times Square on April 12, 2020 in New York City. Liao Pan | China News Service | Getty Images The two economic reports showed the double whammy of state shutdowns in mid-March on two pillars of the economy — the consumer and business. Both
A pilot walks by United Airlines planes as they sit parked at gates at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. Bed Bath & Beyond — The home goods retailer’s stock soared 12% in extended trading
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – Morgan Stanley posted quarterly earnings of $1.01 per share, below the consensus estimate of $1.14 a share. Revenue also came in below estimates. CEO James Gorman said the company navigated the quarter well in the face of the Covid-19
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, April 6, 2020. Nick Oxford | Reuters One out of every five workers in Michigan and Pennsylvania have applied for unemployment benefits, compared to just one out
A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters Earnings from IBM, Netflix, Coca-Cola and dozens of others are expected in the week
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant earned $1.17 per share for its latest quarter, beating consensus estimates by 4 cents a share. Revenue came in below analysts’ projections. Organic sales were up 6% during the quarter thanks in large part
An Uber Eats food delivery courier closes a bag with an order during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. Valentyn Ogirenko | Reuters Check out the companies making headlines after the bell. Gilead Sciences — The pharmaceutical company’s stock surged 13% in extended trading
Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. Gonzalo Fuentes | Reuters Check out the companies making headlines midday on Thursday: Netflix — Shares of the streaming giant rose nearly 5% to an intraday all-time high of $449.52 per share on Thursday. The
Miguel Diaz, who works for the City of Hialeah, hands out unemployment applications to people in their vehicles in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images The number of workers filing for unemployment claims could again top 5 million for the week ended
Check out the companies making headlines in midday trading. J.C. Penney — Shares of J.C. Penney tanked more than 28% after Reuters reported the retailer is exploring a bankruptcy filing. The coronavirus pandemic forced J.C. Penny to close stores and it disrupted its turnaround plans. Bank of America — The bank’s stock tumbled more than 6%
Tractor trailers sit parked at a J.B. Hunt Transport Services Inc. facility in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. J.B. Hunt — The transportation company’s stock rose 4% in extended trading after the company beat analysts’ estimates on first-quarter revenue. J.B. Hunt reported
Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York. Johannes Eisele | AFP | Getty Images Check out the companies making headlines in midday trading. Amazon — Shares of Amazon rose nearly 4% to a new all-time high as the e-commerce giant experienced unprecedented demand amid coronavirus-related shutdowns
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell. Roku Inc — The television streaming platform’s stock soared 9% in extended trading after the company estimated
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Caterpillar — Shares of the manufacturing company dropped more than 8% after Bank of America downgraded the stock to underperform from neutral. The bank said in
Customers wait in a long queue to enter a Costco members wholesale outlet. Adrian Dennis | Getty Images Check out the companies making headlines after the bell. Disney — The entertainment giant’s stock shot up more than 7% after the company reported that Disney+ subscriptions surpassed 50 million. The new subscription number is almost twice
Take a look at some of the biggest movers in the premarket: Starbucks (SBUX) – Starbucks said its fiscal second-quarter profit would likely drop by 47% due to the coronavirus impact, and that it was abandoning its full-year forecast. The coffee chain is also suspending its share buyback program, although it will continue to pay
People are seen wearing protective face masks outside a Chase Bank in New York, March 27, 2020. Noam Galai Major banks and health care companies will be the first to reveal how the early weeks of the coronavirus shutdowns impacted their profits, outlook, work force and customers. Earnings season begins in the week ahead, with