Category: Market News

Cigna Corp. shares CI, +0.11% rose 1.7% in premarket trade Thursday, after the health care services company beat earnings estimates for the second quarter. Cigna posted net income of $1.981 billion, or $4.90 a share, for the quarter, up from $1.808 billion, or $4.25 a share, in the year-earlier period. Adjusted per-share earnings came to […]

Shares of Lucid Group Inc. LCID, +4.21% fell more than 10% in after-hours trading Wednesday after the electric-vehicle maker announced a reduction in its production forecast. Lucid said it now expects its 2022 production volume to hit 6,000 to 7,000 vehicles, after stating 12,000 to 14,000 vehicles in May. “Our revised production guidance reflects the […]

Qorvo Inc. QRVO, +3.79% shares rallied in the extended session Wednesday after the semiconductor company topped Wall Street estimates for the quarter. Qorvo shares rallied more than 7% after hours, following a 3.6% gain in the regular session to close at $106.87. The company reported fiscal first-quarter net income of $68.9 million, or 65 cents […]

Fisker Inc. FSR, +5.79% revealed Wednesday that 5,000 customers have paid $5,000 to pre-order the first electric Ocean SUVs produced by the company, and confirmed a November production launch of the vehicles. “We are delighted to announce that the 5,000 limited edition Fisker Ocean One pre-order units are completely sold out,” Chief Executive Henrik Fisker […]

Fortinet Inc. FTNT, +4.16% shares fell in the extended session Wednesday after some of the cybersecurity company’s outlook slipped below the Wall Street consensus following a slight beat. Fortinet shares dropped 11% after hours, following a 4.2% rise in the regular session to close at $62.88. The company reported second-quarter net income of $173.5 million, […]

Fastly Inc. FSLY, +7.31% shares declined in the extended session Wednesday after the cloud-software company forecast a weaker-than-expected outlook and announced a new chief executive. Fastly shares declined 4% after hours, following a 7.3% rise in the regular session to close at $13.21. The company reported a second-quarter loss of $69 million, or 14 cents […]

Howard Hughes Corp. HHC, +1.68% shares rallied in the extended session Wednesday after the real-estate manager reported a surprise profit. Howard Hughes shares surged more than 15% after hours, following a 1.7% rise in the regular session to close at $69.80. The company reported second-quarter net income of $21.6 million, or 42 cents a share, […]

U.S. stocks booked powerful gains Wednesday, with the Dow sweeping to its best day in a week, as investors focus on bright spots in second-quarter corporate earnings. The blue-chip Dow Jones Industrial Average DJIA, +1.29% powered almost 500 points higher, or 1.5%, ending near 32,888, which was its best daily percentage gain since July 27, […]

Gold prices finished lower on Wednesday, ending the longest streak of gains for the precious metal since April, as some traders reconsidered the odds of a pivot by the Federal Reserve away from its aggressive rate-hiking stance. December gold GCZ22, -0.69% GC00, -0.69% fell $13.30, or 0.7%, to settle at $1,776.40 an ounce on Comex, […]

Facebook parent Meta Platforms Inc. META, +5.59% has reportedly asked banks to look into demand for a potential corporate bond sale — what would be the tech giant’s first, according to a Bloomberg News report. Per the Bloomberg report, the company has reportedly asked Morgan Stanley MS, +1.86%, JPMorgan Chase & Co. JPM, +0.76%, Bank […]