Category: Market News
Bloom Energy Corp. BE, -6.55% stock dropped more than 8% in the extended session Thursday after the clean-energy company reported a wider-than-expected first-quarter loss and revenue was below estimates. Bloom said it lost $78 million, or 44 cents a share, in the quarter, compared with $25 million, or 15 cents a share, in the year-ago […]
Dropbox Inc.’s. stock DBX, -4.91% rose 3% in extended trading Thursday after the software company reported fiscal first-quarter revenue that exceeded Wall Street analysts’ forecasts. Dropbox reported net income of $79.7 million, or 21 cents a share, compared with net income of $47.6 million, or 12 cents a share, in the year-ago quarter. Adjusted earnings […]
A whopping 96% of the S&P 500’s SPX, -3.81% components are losing ground amid Thursday’s stock market carnage. Of the 18 stocks seeing gains, only three have a market capitalization above the average of $77.1 billion. Meanwhile, the S&P 500 tumbled 3.9%, on track for the biggest selloff since it plummeted 5.9% on June 11, […]
Boeing Co. BA, -3.54% executives are planning to move the aerospace company’s headquarters to Arlington, Va., from Chicago, The Wall Street Journal reported Thursday, citing people familiar with the matter. The move could be announced as soon as next week, the Journal said. Boeing did not immediately return a request for comment. The company moved […]
Shares of two China-focused exchange-traded funds were down sharply Thursday morning, adding to steep losses this year, as U.S. Secretary of State Antony Blinken reportedly plans to affirm that China is the biggest rival of the United States despite so much global attention on the Russia-Ukraine war. Blinken had been scheduled to speak Thursday on […]
Cannabis company Green Thumb Industries Group Inc.’s GTBIF, -1.69% GTII, -1.87% first-quarter results beat revenue targets but missed his target for adjusted operating earnings before interest, taxes, depreciation and amortization (Ebitda), Benchmark analyst Mike Hickey said in a Thursday research note. The company’s drop in Ebitda “largely reflected inflation on raw material input and additional […]
Papa John’s International Inc. PZZA, +3.33% posted net income of $10.494 million, or 29 cents a share, for the first quarter through March 27, down from $33.9 million, or 82 cents a share, in the year-earlier period. Adjusted per-share earnings came to 95 cents, a penny ahead of the 94 cent FactSet consensus. Revenue at […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
U.S. stocks closed sharply higher Wednesday, jumping as Federal Reserve Chair Jerome Powell delivered remarks following the conclusion of the Fed’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +2.81% ended around 932 points higher, or 2.8%, while the S&P 500 SPX, +2.99% climbed about 3% and the Nasdaq Composite COMP, +3.19% jumped about […]
Costco Wholesale Corp. COST, +3.10% said late Wednesday its April net sales rose 13.9% to $17.33 billion, from $15.21 billion in April 2021. Same-store sales rose 12.6%, the retailer said, with e-commerce sales up 5.7%. The month had one fewer shopping day as compared with last year’s thanks to the later-than-usual Easter holiday. That trimmed […]