Latest Market News
Shares of Norfolk Southern Corp. NSC, +3.64% tacked on 0.3% in premarket trading Wednesday, after the railroad operator reported record third-quarter earnings that beat expectations, boosted by higher fuel surcharges and pricing and “robust” hiring initiatives. Net income rose to $958 million, or $4.10 a share, from $753 million, or $3.06 a share, in the […]
Texas Instruments Inc.’s TI, stock slid 4.58% before market open on Wednesday, weighed down by the chip maker’s fourth-quarter outlook. The company reported strong third-quarter results after market close on Tuesday, but forecast weaker-than-expected fourth-quarter earnings and revenue. Texas Instruments expects fourth-quarter earnings between $1.83 and $2.11 a share on revenue of $4.4 billion to […]
The Boeing Co. stock BA, -6.75% fell 1.5% in premarket trade Wednesday, after the company’s third-quarter loss widened and revenue missed consensus estimates by almost $2 billion. The aerospace giant had a net loss of $3.308 billion, or $5.49 a share, for the quarter, wider than the loss of $132 million, or 19 cents a […]
Mobileye Global Inc. MBLY, +28.55% was cheered by investors on its Wall Street debut on Wednesday, as shares of the autonomous driving spinoff of Intel Corp. INTC, -0.62% opened 27.2% above the initial public offering price. The company was valued at about $16.7 billion and raised $861.0 million, as it said late Tuesday that it […]
Bed Bath & Beyond Inc. BBBY, -0.76% on Wednesday named Sue Gove as president and chief executive officer. She has been interim CEO of the retailer since June. The board of directors of the Union, N.J., company unanimously approved the appointment. Bed Bath & Beyond said Gove will focus on executing the company’s strategic plan […]
Shares of Harley-Davidson Inc. HOG, +11.49% rallied 1.4% in premarket trading Wednesday, after the motorcycle maker reported third-quarter profit and revenue that beat expectations by wide margins, citing a “strong recovery” in global motorcycle shipments. Net income rose to $261 million, or $1.78 a share, from $163 million, or $1.05 a share, in the year-ago […]