Day: October 28, 2022
Colgate-Palmolive Co. stock CL, +0.56% slid 0.4% in premarket trade Friday, after the consumer goods giant missed sales estimates for the third quarter as inflationary pressures pushed costs higher and the strong dollar weighed. The company posted net income of $618 million, or 74 cents a share, for the quarter, compared with $634 million, or […]
U.S. stocks opened mixed Friday after a reading from the Federal Reserve’s preferred inflation gauge showed that the cost of living is still running hot. The blue-chip gauge Dow Jones Industrial Average DJIA, +1.82% rose 0.5% soon after the opening bell, while the S&P 500 SPX, +1.53% gained 0.1% and technology-heavy Nasdaq Composite COMP, +1.72% […]
Despite the bad numbers of daily trading, there are some signs of market revival, at least for Bitcoin-based products. 1457 Total views 56 Total shares As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month […]
Finally, investors are happy with what Intel Corp.’s INTC, +7.77% earnings report. The semiconductor maker’s stock rallied 7.4% to pace the Dow Jones Industrial Average’s DJIA, +1.20% premarket gainers, after the company reported late Thursday third-quarter profit and revenue that beat expectations and announced plans for layoffs. That would snap a nine-quarter streak in which […]
Shares of Bed Bath & Beyond Inc. BBBY, -3.11% dropped 4.4% in premarket trading Friday, after the home-goods retailer said it filed for the sale of an additional $150 million worth of shares, as part of an at-the-market (ATM) offering program initially launched at the end of August. The $150 million addition to the ATM […]
Shares of AbbVie Inc. ABBV, -5.26% fell 2.9% in premarket trading on Friday after the company trimmed guidance for adjusted earnings per share for the year. AbbVie had earnings of $3.9 billion, or $2.21 per share, in the third quarter of 2022, compared with $3.2 billion, or $1.78 per share, in the same quarter a […]
Bloomin’ Brands Inc. stock BLMN, +2.06% rose 2.5% in premarket trade Friday, after the Outback Steakhouse parent posted better-than-expected earnings for the third quarter and raised its full-year revenue guidance. Tampa, Fla.-based Bloomin’, which also operates Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar, posted net income of $31.986 million, or […]
The plunge in Amazon.com Inc.’s stock AMZN, -9.31% following a disappointing third-quarter earnings report and outlook puts the ecommerce giant on track to lose its place as a trillion-dollar company for the first time in 2 1/2 years. The stock dropped 12.0% in premarket trading, and is heading for the first trade below the $100 […]
Paul Pelosi, the husband of House Speaker Nancy Pelosi, was “violently assaulted” early Friday following a break-in at the couple’s residence in San Francisco, the speaker’s office said. “Mr. Pelosi was taken to the hospital, where he is receiving excellent medical care and is expected to make a full recovery,” said Speaker Pelosi’s spokesman Drew […]
Twitter shareholders would receive $54.2 per share on their holdings as part of the deal, but Musk has said earlier that he might take the company public again in 3-5 years. 924 Total views 22 Total shares Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw […]
