Category: Market News
Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost […]
O’Reilly Automotive Inc. ORLY, +0.48% shares rose more than 5% late Wednesday after the auto-parts retailer reported quarterly earnings and sales above Wall Street expectations, calling the quarter’s performance “incredible.” O’Reilly said it earned $519 million, or $7.64 a share, in the quarter, compared with $393 million, or $5.40 a share, in the same period […]
Assurant Inc. AIZ, +6.74% jumped 7% on Wednesday in the stock’s strongest performance since Aug. 5, 2020 when it rallied 14.2%. The New York-based insurance carrier on Tuesday lifted its outlook for earnings before interest, taxes, depreciation and amortization (Ebitda) and beat Wall Street’s earnings view. For 2022, Assurant said it expects Ebitda growth of […]
Duke Energy Corp. DUK, +0.01% said Wednesday that it targets energy generated from coal to be just 5% of total energy generation by 2030, and aims at a full exit from coal by 2035. Currently, the company coal fuel represents about 27% of its total energy generation. The electric utility said the targets are part […]
The Captain Tom Foundation paid out more in management costs than it donated to charity, BBC News reported, citing the published accounts. Captain Tom Moore generated worldwide attention when the then 99-year-old carried out fundraising walks around his garden during COVID restrictions. The foundation gave out £160,000 to charity while spending £162,000 on management, according […]
Shares of US Ecology Inc. ECOL, +68.55% soared 67.3% in premarket trading Wednesday, after the provider of environmental services announced an agreement to be acquired by Republic Services Inc. RSG, -0.33% in a deal valued at $2.2 billion, including $700 million in debt. Under terms of the deal, US Ecology shareholders will receive $48 in […]
Altmore BDC Inc., which invests in senior secured term loans for cannabis operators in the U.S., on Wednesday said it expects its initial public offering of 6.66 million shares to price at $14.50 to $15.50 a share for trading on the Nasdaq under the symbol ABDC. At the midpoint of the range, the McLean, Va., […]
Shares of Peloton Interactive Inc. PTON, +25.28% rocketed 19.9% in morning trading Tuesday, putting them on track to close above the widely followed 50-day moving average (DMA) for the first time in five months, after the at-home fitness company announced a new chief executive and said it would cut 2,800 jobs. The 50-DMA is viewed […]
Harley-Davidson Inc. HOG, +15.53% stock soared nearly 14% in Tuesday trading after the motorcycle company reported a surprise fourth-quarter profit. Net income totaled $21.6 million, or 14 cents per share, after a loss of $96.4 million, or 63 cents per share, last year. Adjusted EPS of 15 cents was well ahead of the FactSet consensus […]
Legion Partners issued a public letter Tuesday morning calling for the removal of Guess Inc. GES, +7.65% co-founders and directors Paul and Maurice Marciano after repeated allegations of sexual misconduct and assault. The Wall Street Journal, which first reported the activist investor demand, says Legion has a “roughly” 2.5% stake in Guess. “As investors, we […]
