Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon beat estimates by 3 cents a share, with quarterly earnings of $1.25 per share. Revenue was essentially in line with forecasts. Verizon also increased the bottom end of its full-year earnings guidance, and added more phone subscribers than analysts
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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
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%
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
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
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
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
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
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
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
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set aside $1.4 billion for possible loan losses, significantly smaller than the amounts it had set
Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
United Airlines’ Boeing 747-400 aircraft performed its last passenger flight on November 7, 2017. NurPhoto Check out the companies making headlines in midday trading. Boeing — Shares popped more than 3% after Patrick Ky, the head of Europe’s aviation regulator, said the company’s beleaguered 737 Max jet is safe to fly again. He added the
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP Another volatile week may be in store for traders as coronavirus cases rise in the U.S. and Europe while Democrats and Republicans remain at an impasse over new fiscal aid. The Dow Jones Industrial Average, S&P 500 and
Gary Guthart, CEO, Intuitive Surgical Scott Mlyn | CNBC Check out the companies making headlines after the bell: Del Taco Restaurants — Shares of Del Taco Restaurants surged nearly 9% after the Mexican restaurant chain reported better-than-expected quarterly earnings. The company posted an earnings per share of 16 cents in the third quarter, beating analysts’
Here are the companies making headlines in midday trading. Roku – Shares of the streaming device maker slid more than 3% after KeyBanc downgraded the company to a “sector weight” rating. The firm said that after the stock’s roughly 40% gain in the last month, the “positive fundamentals appear reflected in [the] share price.” KeyBanc
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