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The Dow Jones Industrial Average’s DJIA, +1.40% components that reported quarterly results ahead of Thursday’s provided the bulk of the index’s early gains after all beat profit expectations. The combined implied shares price gains of Honeywell Corp. HON, +4.31%, Caterpillar Inc. CAT, +9.06%, McDonald’s Corp. MCD, +3.18% and Merck & Co. Inc. MRK, +2.84% would […]
Shares of Mastercard Inc. MA, -0.99% were dipping 0.8% in premarket trading Thursday, though the payments giant topped expectations with its latest revenue and earnings numbers. The company generated third-quarter net income of $2.50 billion, or $2.58 a share, compared with $2.41 billion, or $2.44 a share, in the year-earlier period. After adjustments, Mastercard earned […]
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
Shares of Western Digital Corp. WDC, +1.93% dropped 2.1% in premarket trading Thursday, after the data storage company reported fiscal first-quarter profit that was well below expectations even as revenue beat, and also provided a downbeat outlook for the current quarter. Net income fell to $27 million, or 8 cents a share, from $610 million, […]
Shares of Labcorp LH, -6.37% tumbled 4.7% in premarket trading on Thursday after the diagnostics company said revenue in the third quarter of 2022 came in lower than expected as fewer people got PCR or antigen tests for COVID-19. Labcorp had earnings of $352.8 million, or $3.90 per share, in the third quarter of 2022, […]
Shares of Facebook parent Meta Platforms Inc. META, -23.52% plunged 23.6% in premarket trading Thursday, in the wake of disappointing third-quarter results, putting them on track to trade below the $100 mark after the opening bell for the first time since February 2016. The implied price decline ahead of the open would wipe out about […]