Category: Market News
Shares of Okta Inc. OKTA, -0.78% dipped 4% in extended trading Wednesday after the enterprise-software company reported fiscal fourth-quarter results. Okta reported a net loss of $241.2 million, or $1.56 a share, compared with a net loss of $75.8 million, or 58 cents a share, in the year-ago quarter. Okta’s adjusted loss was 18 cents […]
Apple Inc. AAPL, +2.06% said Wednesday that it plans to hold an online event at 1 p.m. Eastern on March 8. Though the company didn’t provide details about what will be discussed at the event, which holds the “Peek Performance” tagline, some expect Apple to announce a new iPhone SE model as well as a […]
MGM Resorts International MGM, +4.32% late Wednesday said that its board of directors has authorized a new $2 billion share buyback program, saying that it believes there’s “tremendous value” in its stock at current level. The company has $524.6 million remaining under a previous authorization, and it plans to use its remaining capacity before starting […]
ChargePoint Holdings Inc. CHPT, -1.54% stock rose more than 6% in the extended session Wednesday after the electric-vehicle charging network company reported quarterly sales above expectations and called for higher yearly revenue. ChargePoint said it lost $60.5 million, or 23 cents a share, in the fourth quarter, compared with a loss of $91 million, or […]
A coalition of eight state attorneys general on Wednesday said it has started an investigation into video-sharing platform TikTok and its potential harm to children. The action builds on an investigation by the same group of AGs into Facebook parent Meta Platforms Inc.’s FB, +2.27% Instagram that focuses on similar concerns. The investigation is being […]
Duke Energy Corp. DUK, +1.21% said Wednesday that if its proposal to increase rates is approved by the North Carolina Utilities Commission (NCUC), the average bill will for residential customers will increase 6.6% by Jan. 1, 2023, will rise 9.3% for commercial customers and grow 9.0% for industrial customers. If approved, the Charlotte-based utility’s new […]
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 2.6 million barrels for the week ended Feb. 25. On average, the EIA was expected to show crude inventories up by 2.3 million barrels, according to analysts surveyed by Platts of S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported […]
Shares of Ford Motor Co. F, +6.38% shot up 6.7% in morning trading Wednesday, after the auto maker reported February U.S. vehicle sales that fell sharply from a year ago, with all vehicle types showing declines, but took in a record number of new retail vehicle orders. Total sales dropped 20.9% to 129,273 vehicles, including […]
Dine Brands Inc. DIN, -6.57% posted net income of $19.4 million, or $1.14 per share, after a loss of $1.6 million, or 10 cents per share, last year. Adjusted EPS of $1.32 beat the FactSet consensus of $1.27. Revenue of $229.6 million was up from $196.0 million and missed the FactSet consensus of $236.6 million. […]
Russian Foreign Minister Sergei Lavrov on Wednesday said a third world war would be “nuclear and destructive,” according to comments reported by the RIA news agency and translated by Reuters. NATO members have so far ruled out enforcing a no-fly zone over Ukraine that would by definition invite conflict with Russian aircraft, as a Russian […]