Category: Market News
The ODP Corp. ODP, -3.13% said Wednesday it had net income of $32 million, or 61 cents a share, in the fourth quarter, up from $31 million, or 57 cents a share, in the year-earlier period. Adjusted per-share earnings came to 71 cents, well ahead of the 49 cent FactSet consensus. Sales edged down to […]
United Parcel Service Inc. UPS, -0.19% disclosed Tuesday that its workforce was reduced by about 9,000 employees in 2021, as job cuts in the U.S. more than offset net hiring internationally. The package delivery giant said in its 10-K filing with the Securities and Exchange Commission that it had 534,000 global employees at the end […]
Read Next SoFi to acquire cloud-based banking platform Technisys in all-stock deal valued at $1.1 bln SoFi Technologies Inc. undefined said Tuesday it has entered an agreement to acquire Technisys, a cloud-based banking platform, in an all-stock deal valued at about $1.1 billion. Under the terms of the deal, Technisys shareholders will receive about 84 […]
Shares of Agilent Technologies Inc. A, -1.18% initially were initially up 1% in extended trading Tuesday after the company reported fiscal first-quarter results that were slightly above Wall Street analysts’ forecasts. Agilent posted net income of $283 million, or 93 cents a share, compared with net income of $288 million, or 93 cents a share, […]
Hims & Hers Health Inc.’s HIMS, -4.55% stock jumped 13% in extended trading Tuesday after the company reported fiscal fourth-quarter revenue that exceeded Wall Street analysts’ forecasts. Hims & Hers reported a net loss of $31.2 million, compared with a net loss of $5.2 million in the year-ago quarter. Revenue more than doubled to $84.7 […]
Shares of Mosaic Co. MOS, -1.80% dropped more than 6% in the extended session Tuesday after the fertilizer and feed producer missed fourth-quarter expectations and said rising agricultural commodity prices will be good for demand for its products this year. Mosaic said it earned $665 million, or $1.76 a share, in the quarter, compared with […]
Shares of Teladoc Health Inc. TDOC, +0.46% fell more than 6% in the extended session Tuesday after investors looked past a narrower quarterly loss and sales that were above expectations. Teladoc said it lost $11 million, or 7 cents a share, in the fourth quarter, compared with a loss of $394 million, or $3.07 a […]
Oil futures climbed on Tuesday, buoyed by concerns over global supplies after Russia made a move into Ukraine. “The market has certainly already priced in some degree of Russian related oil and gas supply risk,” said Troy Vincent, senior market analyst at DTN. However, “the lack of response in prices emphasizes that the market is […]
Shares of Rocket Companies Inc. RKT, -7.29% sank 7.3% toward a record low in midday trading Tuesday, after BofA Securities turned bearish on the mortgage financing company, citing concerns over the impact of a rising rate environment. Analyst Mihir Bhatia downgraded the stock to underperform from neutral and slashed the price target to $11 from […]
President Joe Biden will give an “update on Russia and Ukraine” from the White House at 2 p.m. Eastern on Tuesday, the White House announced. U.S. stocks SPX, -0.46% were falling Tuesday as investors reacted to Russian President Vladimir Putin’s decision to order troops to breakaway regions of Ukraine, escalating tensions and raising fears of […]