Category: Market News
Hard Mtn Dew, a version of the popular lime-green soda made with an alcohol by volume (ABV) of 5%, will be available Tuesday in Tennessee, Florida and Iowa, with more states to come in 2022. The new beverage was first announced in Aug. 2021, and has been created through a partnership between Boston Beer Co. […]
Krispy Kreme Inc. DNUT, -0.87% posted net income of $4.3 million, or 1 cents a share, for the fourth quarter, after a loss of $24.8 million, or 21 cents a share, in the year-earlier period. Adjusted per-share earnings came to 8 cents, just below the 9 cent FactSet consensus. Revenue rose 13.85 to $370.6 million […]
Shares of DuPont de Nemours Inc. DD, -1.20% rallied 1.6% in premarket trading Friday, after the chemicals company announced an agreement to sell a majority of its Mobility & Materials (M&M) business for $11 billion in cash to Celanese Corp. CE, -5.25% Celanese’s stock was still inactive ahead of the open. As part of the […]
Shares of Deere & Co. DE, -3.00% gained 0.6% in premarket trading Friday, after the agricultural and construction equipment company reported big fiscal first-quarter profit and sales beats, amid strength in its Production & Precision Ag business. Net income for the quarter to Jan. 30 rose fell to $903 million, or $2.92 a share, from […]
Aluminum maker Arconic Corp. ARNC, -0.59% reported a narrower fourth-quarter net loss and revenue that rose above expectations, as higher aluminum prices and growth in packaging, industrial and ground transportation volumes helped offset higher costs. The stock was still inactive in the premarket. The net loss narrowed to $38 million, or 36 cents a share, […]
Shares of DraftKings Inc. DKNG, -21.62% tumbled 15.4% in premarket trading Friday, after the digital sports entertainment and gaming company another quarterly loss that widened from a year ago, while revenue rose above expectations but costs jumped. The net loss widened to $326.3 million from $242.7 million, while per-share losses widened to 80 cents from […]
Flowr Corp. FLWR, +7.14% FLWPF, +14.35% said Friday it agreed to sell its Kelowna research and development facility to Hawthorne Canada Ltd., the unit of Scotts Miracle-Gro Co. SMG, -1.62% that specializes in hydroponic solutions. Toronto-based Flowr Corp. said the C$16 million ($12.6 million) deal is expected to close in the second quarter and will […]
Bloomin’ Brands Inc. BLMN, +7.56% stock jumped nearly 6% in Friday premarket trading after the Outback parent reported fourth-quarter profit and sales that beat expectations and reinstated its dividend. Net income totaled $60.7 million, or 59 cents per share, after a loss of $14.2 million, or 16 cents per share, last year. Adjusted EPS of […]
Cronos Group CRON, -6.86% CRON, -6.07% said Friday its third-quarter net income fell to $55.1 million, or 21 cents a share, from $95.2 million, or 18 cents a share, in the year-ago period. The latest quarter includes a $132.9 million gain on revaluation of derivative liabilities. Third-quarter net revenue at the cannabis company rose by […]
Hibbett Inc. HIBB, -4.66% shares sank 11.4% in Friday premarket trading after the athletic retailer gave a fourth-quarter update that warned of a sales and profit miss. Sales for the quarter ending Jan. 29 are expected to be $383.3 million, up from $376.8 million. Comparable sales fell 1%. And net income is expected to be […]