Category: Market News
Vista Outdoor Inc. VSTO, +2.37% shares rose 1.3% in Thursday trading after the outdoor and sporting company reported record fiscal third-quarter sales. Net income totaled $118.1 million, or $2.00 per share, up from $78.9 million, or $1.31 per share, last year. Adjusted EPS of $2.10 beat the FactSet consensus of $1.92. Sales of $794.7 million […]
Stocks opened lower Thursday, with the Nasdaq Composite leading the way lower as shares of the company formerly known as Facebook plunged after delivering a disappointing earnings report. The Dow Jones Industrial Average DJIA, -0.85% fell 219 points, or 0.6%, while the S&P 500 SPX, -1.55% was down 1.5% at 4,518. The Nasdaq Composite COMP, […]
Shares of Biogen Inc. BIIB, -1.92% were down 3.7% in premarket trading on Thursday after missing earnings and revenue expectations in the final quarter of 2021. Biogen had earnings of $368.2 million, or $2.51 per share, in the fourth quarter of 2021, compared with $357.9 million, or $2.33 per share, in the fourth quarter a […]
Brinker International Inc. EAT, +8.35% shares soared 11.8% in early Wednesday trading after the restaurant company reported fiscal second-quarter profit that far exceeded expectations. Net income totaled $27.6 million, or 60 cents per share, up from $12.0 million, or 26 cents per share, last year. Adjusted EPS of 71 cents blew past the FactSet consensus […]
Capri Holdings Ltd. CPRI, +7.82% shares jumped 5.7% in Wednesday premarket trading after fiscal third-quarter earnings sailed ahead of Street expectations. Net income totaled $322 million, or $2.11 per share, up from $179 million, or $1.18 per share, last year. Adjusted EPS of $2.22 blew past the FactSet consensus of $1.69. Revenue of $1.609 billion […]
Gold futures on Wednesday tallied a third straight session climb, extending their rise past $1,800 to mark their highest settlement in a week. “While gold is likely to exploit the dollar’s weakness to push higher, its near-term outlook remains influenced by the U.S. jobs report on Friday,” said Lukman Otunuga, manager, market analysis at FXTM. […]
U.S. oil futures saw a slight gain on Wednesday, enough to eke out another settlement at the highest since October 2014. Prices had spent much of the session trading lower after Organization of the Petroleum Exporting Countries and their allies agreed to a 400,000 barrel-per-day production increase for March. OPEC+ still “believes the global demand […]
Shares of Elf Beauty Inc. ELF, -0.71% rose more than 1% in the extended session Wednesday after the beauty products retailer reported fiscal third-quarter profit and sales above expectations and tweaked guidance for the year higher. Elf said it earned $6.2 million, or 12 cents a share, in the quarter, compared with $4.3 million, or […]
Shares of T-Mobile US Inc. TMUS, +0.03% rallied more than 7% late Wednesday after the telecommunications company reported fourth-quarter per-share profit well above expectations and sales that fell slightly short. T-Mobile said it earned $422 million, or 34 cents a share, in the quarter, compared with $750 million, or 60 cents a share, in the […]
Costco Wholesale Corp. COST, +2.68% said late Wednesday its January sales rose 15.5% to $15.76 billion, from $13.64 billion in January 2021. January sales got a boost from an earlier Lunar New Year in 2022. The holiday, celebrated Feb. 1, fell 11 days earlier this year, a shift that “favorably impacted” January sales outside of […]
