Latest Market News
Shares of Walt Disney Co. DIS, +2.21% rallied 2.2% early Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.02% premarket gainers and to buck the broader market selloff, as a strong earnings report from fellow streaming video provider Netflix Inc. NFLX, +11.97% likely provided a boost. Among other streaming video companies, shares of […]
Abbott Laboratories ABT, -5.91% said Wednesday that it had earnings of $1.4 billion, or $1.15 per share, in the third quarter of 2022, compared with $2.1 billion, or $1.40, in the same quarter a year ago. Adjusted earnings per share were $1.15, against a FactSet consensus of 94 cents. The company reported that sales fell […]
Ally Financial Inc. ALLY, -9.36% shares fell 6.5% in premarket trades on Wednesday after the mortgage, car loan and banking provider’s adjusted earnings per share and revenue fell short of analyst targets. Ally Financial said its third-quarter net income fell to $272 million, or 88 cents a share, from $712 million, or $1.89 a share, […]
Nasdaq Inc. NDAQ, -0.98% shares advanced by 1.4% in premarket trades Wednesday after the equities marketplace’s third-quarter adjusted earnings and revenue beat analyst estimates amid organic growth across its business. Nasdaq’s third-quarter profit rose to $294 million, or 59 cents a share, from $288 million, or 56 cents a share, in the year-ago quarter. Adjusted […]
Shares of Zymeworks Inc. ZYME, +9.00% gained 8.4% in premarket trading on Wednesday after the company announced a licensing deal with Jazz Pharmaceuticals plc JAZZ, -1.95% for its cancer drug, zanidatamab, which is currently being tested as a treatment for some HER2-expressing cancers. Jazz will pay Zymeworks $50 million upfront. Including all regulatory and commercial […]
Consumers in India are getting more options for a digital shopping experience as major local e-commerce platforms increasingly experiment with blockchain and the Metaverse. Indian shoppers can try out products from brands like Puma and Nivea in the gamified and interactive metaverse. That is thanks to local e-commerce giant Flipkart launching a metaverse space for […]