Day: November 2, 2022
Chegg Inc.’s stock CHGG, -2.13% initially soared 16% in extended trading Tuesday after the online-learning platform reported fiscal third-quarter revenue and earnings that exceeded Wall Street analysts’ forecasts. Chegg reported net income of $251.6 million, or $1.23 a share, compared with net income of $6.65 million, or 5 cents a share, in the year-ago quarter. […]
U.S. stocks finished lower Tuesday for a second straight session, with risk appetite waning a day before the conclusion of a two-day Federal Reserve meeting that is expected to produce another jumbo increase to the central bank’s policy rate. The Dow Jones Industrial Average DJIA, -0.24% shed about 82 points, or 0.3%, ending near 32,650. […]
Calgary-based cannabis company SNDL Inc. SNDL, -2.03% said Tuesday it plans to add to its cannabis exporting business with its purchase of a 380,000-square-foot indoor growing facility in Atholville, New Brunswick, as part of its acquisition of Zenabis Ltd. SNDL said it received an approval order from the Québec Superior Court to close its purchase […]
Read Next SoFi stock surges after earnings beat as company lifts forecast SoFi Technologies Inc. shares undefined were surging in premarket action Tuesday after the financial-services company topped expectations with its latest results and boosted its full-year forecast. The company generated a third-quarter comprehensive loss of $75.8 million, or 9 cents a share, compared with […]
The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term. The third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its […]
ZoomInfo Technologies Inc. shares ZI, -2.31% were off 20% in after-hours trading Tuesday after the company topped expectations with its latest earnings and revenue figures but cut its free-cash flow outlook for the full year. The company logged third-quarter net income of $17.9 million, or 4 cents a share, whereas it posted a net loss […]
Camping World Holdings Inc. CWH, +1.29% shares dropped 5% in the extended session Tuesday after the retailer reported mixed third-quarter results, missing profit expectations and reporting higher-than-expected sales. Camping World earned $102.9 million, or 97 cents a share, in the quarter, compared with $189 million, or $1.72 a share, in the year-ago period. Adjusted for […]
Benefits manager Voya Financial VOYA, +0.22% on Tuesday said it agreed to acquire Benefitfocus BNFT, -0.85%, a cloud-based benefits administration tech platform, in a $570 million deal. Shares of Benefitfocus rocketed 47% higher, to $10.28, in after-hours trade. The move, Voya said, would hasten its growth in “health and wealth solutions,” leading to a combined […]
Shares of Cheesecake Factory Inc. CAKE, -4.69% dropped more than 10% in the extended session Tuesday after the restaurant chain surprised investors with a quarterly loss and sales that were below Wall Street expectations, saying that inflation and higher costs continued to eat away at its operations. Cheesecake Factory lost $2.4 million, or 5 cents […]
Big 5 Sporting Goods Corp.’s. stock BGFV, -0.08% slid 8% in extended trading Tuesday after the retail chain provided fiscal fourth-quarter earnings guidance of between 8 cents and 20 cents a share, while analysts were expecting 29 cents a share. For the third quarter, Big 5 reported net income of $6.4 million, or 29 cents […]
