Category: Market News
Farfetch Ltd. FTCH, +5.19% stock jumped more than 30% in the extended session Thursday after the luxury fashion company reported a fourth-quarter loss that was narrower than Wall Street expected and sales that came in below estimates. Farfetch said it lost an adjusted 3 cents a share on sales that rose 23% to $666 million […]
Morgan Stanley MS, -1.86% confirmed late Thursday that federal investigators are probing its block-trading business. Morgan Stanley has been responding to requests for information from the U.S. Securities and Exchange Commission beginning in June 2019, the investment bank said in a filing. It has also been responding to requests for information from the U.S. Attorney’s […]
Shares of CarGurus Inc. CARG, +4.03% rallied more than 10% in the extended session Thursday after the online car marketplace reported adjusted earnings and sales well above Wall Street expectations and guided for a much better current-quarter sales than analysts estimate. CarGurus said it lost $80 million, or 68 cents a share, during the quarter, […]
Shares of Marqeta Inc. MQ, +11.82% were surging 7% in aftermarket trading Thursday after Square-parent Block Inc. SQ, +7.07% shared new metrics on adoption of its Cash Card in conjunction with its earnings report. Card-issuing company Marqeta powers Block’s Cash Card, which enables users of the Cash App mobile wallet to spend their funds. Block […]
Carvana Co. CVNA, +10.91% stock fell nearly 6% in the extended session Thursday after the online used-car retailer posted a wider-than-expected quarterly loss and said that high used-car prices are causing potential buyers to give up or delay buying a vehicle. Carvana said it lost $182 million, or $1.02 a share, in the fourth quarter, […]
U.S. oil futures topped $100 a barrel on Thursday after Russia’s full-scale invasion of Ukraine. Prices, however, finished with a more modest gain. Oil and natural-gas supplies are still unaffected by the current escalation, but “there is a concern that at some point they may get cut off,” said Michael Hewson, chief market analyst at […]
Shares of N95 face-mask maker 3M Co. MMM, -2.72% dropped 2.6% in afternoon trading Thursday, to put them on track to suffer the longest losing streak in a decade. The consumer, industrial and health care products company’s stock has tumbled 14.0% during its current 10-day losing streak, which would be the longest since the 13-day […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 129 billion cubic feet for the week ended Feb. 18. Total supplies in storage stand at 1.782 trillion cubic feet. The change in stocks compared with the average weekly decline of 128 billion cubic feet forecast by analysts polled by S&P […]
Shares of Airbnb Inc. ABNB, -9.20% took a 6.0% dive in premarket trading Thursday, putting them on track to suffer a fifth-straight decline, as Russia’s invasion of Ukraine has triggered selloffs in travel-related stocks. The home-rental company’s stock had already plunged 19.6% over the past four sessions. Among other hotel operators, shares of Hilton Worldwide […]
Keurig Dr Pepper Inc. KDP, -1.32% said Thursday its fourth-quarter net income rose to $843 million, or 59 cents a share, from $428 million, or 30 cents a share, in the year-ago quarter. The drink company’s adjusted earnings rose to 45 cents a share from 39 cents a share. Sales increased by 8.7% to $3.39 […]