Category: Market News
Regeneron Pharmaceuticals Inc. shares REGN, +0.37% rose 1.8% in premarket trade Friday, after the company doubled its fourth-quarter revenue as sales of its COVID-19 antibody treatment came to $2.3 billion. The company posted net income of $2.229 billion, or $19.69 a share, for the quarter, up 94% from $1.149 billion, or $10.24 a share, in […]
Spectrum Brands Holdings Inc. SPB, +0.15% reported Friday a surprise fiscal first-quarter adjusted loss even as revenue topped expectations, as the consumer brands company said price increases weren’t enough to offset “unprecedented inflation.” Net income for the quarter to Jan. 2 fell to $8.2 million, or 20 cents a share, from $72.1 million, or $1.68 […]
Shares of Bristol Myers Squibb Co. BMY, +1.44% were up 1.1% in premarket trading on Friday after the drug maker beat earnings expectations for the final quarter of the year. Bristol had earnings of $2.4 billion, or $1.07 per share, in the fourth quarter of 2021, after a loss of $10.0 billion, or $4.45 per […]
Hertz Global Holdings Inc. HTZ, +2.55% on Friday named retired Goldman Sachs Group Inc. GS, +2.43% executive Stephen M. Scherr as its chief executive officer to lead the car rental company’s 25,000 employees. Scherr, 57, retired on Dec. 31 as chief financial officer, capping off a nearly 30-year career at Goldman. “Hertz is an extraordinary […]
The numbers: The U.S. added a robust 467,000 jobs in January and hiring was much stronger at the end of 2021 than originally reported, pointing to the resilience of a rapidly recovering economy despite successive waves of the coronavirus. The unemployment rate rose to 4% from 3.9%, the government said Friday. Economists polled by Wall […]
Shares of Royal Caribbean Group RCL, -4.76% fell 1.5% in premarket trading Friday, after the cruise operator reported a wider-than-expected fourth-quarter loss and revenue that missed expectations again, as the omicron variant of the coronavirus that causes COVID-19 led to cruise cancellations and service disruptions. The net loss narrowed to $1.36 billion, or $5.33 a […]
Carlyle Group Inc. CG, +0.34% shares rose 1.5% in premarket trades Friday as they recaptured some of their losses from the previous session, despite better-than-expected fourth-quarter results from the private equity firm. BMO Capital Markets reiterated its outperform rating on Carlyle Group on Friday and raised its price target to $71 a share from $68 […]
Shares of Biogen Inc. BIIB, +0.62% tumbled 2.2% in premarket trading on Friday after the company disclosed in a securities filing that it received a civil investigative demand from the Federal Trade Commission and an inquiry from the Securities and Exchange Commission in relation to Aduhelm, its new Alzheimer’s disease drug. The SEC inquiry is […]
Shares of Marathon Digital Holdings Inc. MARA, +10.84% rallied 2.8% in premarket trading, after the cryptocurrency miner said it produced 462.1 “self-mined” bitcoin BTCUSD, +2.54% in January. That represented a nine-fold increase (up 816%) from the 50.4 self-mined bitcoin in the year-ago period. That increased the company’s bitcoin holdings to 8,595, which has a fair […]
Fed funds futures reflect a higher possibility of a 50 basis point rate increase by the Federal Reserve in March, after January’s nonfarm payrolls data produced a greater-than-expected 467,000 gain. The probability of a 50bps hike was 27% as of Friday morning, up from 14% on Thursday, according to the CME FedWatch Tool. Meanwhile, the […]
