Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in nearly nine years. Marriott continues to suffer from the impact of a Covid-19 related hit
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Photo by: Conor Ogle Check out the companies making headlines in midday trading. Roku — Shares of Roku dropped nearly 7% after the streaming video company issued a bleak outlook. The company said the advertising industry outlook remains uncertain in the second half of the year, and that it believes total TV ad spend won’t
Dana assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters As Congress haggles over stimulus to help the nation’s unemployed, markets await
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight positive in July’s jobs report, but the focus remains on whether Congress can agree to
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
A pedestrian wearing a protective mask exits from the Wall Street subway station in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The debate in Washington over the next round of fiscal stimulus and rising tensions between the White House and China could act as brakes on the stock
Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the
Check out the companies making headlines after the bell: Dropbox — The data services company’s stock fell 6% during extended trading despite beating analyst predictions for second-quarter financial results. Dropbox posted earnings of 22 cents per share excluding certain items, which was 5 cents higher than analysts expected, according to Refinitiv. The company recorded revenues of $467
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator lost 61 cents per share for the second quarter, wider than the 31 cents a share loss that Wall Street analysts had been anticipating. Revenue was also below estimates, with Hilton suffering from the pandemic-induced drop
Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell: Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv
Check out the companies making headlines before the bell: Apple – B of A Securities downgraded Apple to “neutral” from “buy”, while raising its price target on the stock to $470 per share from $420. The firm said there are many positives for Apple but risks as well, and that risk/reward is balanced at current price
Check out the companies making headlines after the bell: Disney — Disney’s stock jumped 4% after the closing bell. Disney reported third-quarter financial results that beat analysts’ expectations for earnings but fell short of revenue predictions. Disney posted earnings of 8 cents per share excluding items on revenue of $11.78 billion compared to estimates of a loss
Take a look at some of the biggest movers in the premarket: Edgewell Personal Care (EPC) – Edgewell reported quarterly profit of 66 cents per share, short of the 82 cents a share consensus estimate. Revenue was also well below forecasts. The company behind Schick razors and Edge shaving cream said its sales were significantly
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell: Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54
Take a look at some of the biggest movers in the premarket: ADT (ADT) – Alphabet’s (GOOGL) Google unit will invest $450 million for a 6.6% stake in ADT, as part of a partnership that will see ADT offer Google’s Nest smart home devices to its customers. Each company will also commit $150 million to
Getty Images Check out the companies making headlines in midday trading. Kodak — Shares of Kodak soared about 330% after President Donald Trump tapped the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. The shares skyrocketed as much as 570% at one point. Trading was halted more than 15 times Wednesday
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday. Apple, Amazon, Alphabet and Facebook — worth
The worst appears over for the economy, but the latest data casts doubt on how long it will take to recover and for the millions of lost jobs to come back. The economy contracted by a shocking 32.9% in the second quarter. The report of second quarter gross domestic product, released Thursday, is a backward
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and
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