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
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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
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that
People wearing masks and gloves wait to checkout at Walmart on April 03, 2020 in Uniondale, New York. Al Bello | Getty Images The economy is already in what will be a short, deep recession and even with a spike in unemployment, consumers are expected to continue to spend, according to a National Association for
A man buys water, food and toilet paper at a store, as people begin to stockpile essentials over fear that supplies will be affected by the spread of the COVID-19, coronavirus, outbreak across the country, in Los Angeles on Feb. 29, 2020. Mark Ralston | AFP | Getty Images Consumer prices fell 0.4% in March,
Eddie Rodriguez (R) and other City of Hialeah employees hand 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 JPMorgan economists issued an even more dire forecast, now foreseeing a 40% decline in the nation’s gross
The Federal Reserve dramatically expanded its efforts to save the economy, even adding junk bonds to the list of assets it can buy, as a wave of businesses are expected to have trouble surviving the recession. Stocks jumped, Treasury yields rose, and the dollar sagged after the Fed said it would would provide $2.3 trillion
Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It