Category: Market News
Shares of Newell Brands Inc. NWL, -2.32% dropped 3.0% in premarket trading Friday, after the consumer goods company, with brands including Rubbermaid, Sharpie, Paper Mate and Graco, reported second-quarter profit that beat expectations but revenue that missed and provided a downbeat outlook. Net income rose to $204 million, or 49 cents a share, from $197 […]
Charter Communications Inc. CHTR, -0.80% topped expectations with its latest revenue and income figures Friday but disclosed that it lost internet subscribers in the second quarter. Charter posted net income of $1.47 billion, of $8.96 a share, up from $1.02 billion, or $5.48 a share, in the year-prior quarter. Analysts tracked by FactSet were anticipating […]
Bloomin’ Brands Inc. BLMN, +3.08% reported a second-quarter net loss of $63.6 million, or 72 cents per share, after net income of $82.5 million, or 75 cents per share, last year. Adjusted EPS of 68 cents beat the FactSet consensus of 62 cents. Revenue of $1.125 billion was up from $1.077 billion last year and […]
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. The increase in the so-called personal-consumption price index exceeded Wall Street’s forecast. Economists had predicted a 0.9% advance. A […]
Shares of Moderna Inc. MRNA, +3.81% gained 3.8% in premarket trading on Friday after the company said the U.S. will buy 66 million doses of a bivalent COVID-19 booster candidate that can better protect against the BA.5 strain. That vaccine is not yet in clinical trials but studies are expected to begin “in the near […]
Shares of AbbVie Inc. ABBV, -4.17% were down 1.3% in premarket trading on Friday though the company met earnings and revenue expectations for the second quarter of the year. AbbVie had earnings of $924 million, or 51 cents per share, in the second quarter of this year, compared with $766 million, or 42 cents per […]
S&P Global Ratings downgraded Weber Inc.’s WEBR, -2.75% credit ratings further into high-yield, or junk territory, on Friday, and placed them on CreditWatch negative, meaning they could downgrade them again in the medium term. The rating agency cut the grill maker’s issuer credit rating to CCC+ from B. The move came after Weber warned that […]
Benchmark analyst Mike Hickey on Friday downgraded Tilray Brands Inc. TLRY, to sell and set a price target of $3 a share after the cannabis company disclosed retail market share losses in Canada to 8.3% in its fiscal fourth quarter, from 10.2% in the third quarter and 12.8% in the second quarter. “We are not […]
U.S. stocks are trading higher Friday morning, with all three major benchmarks heading for weekly gains as investors weigh the latest inflation reading as well as earnings results from Apple Inc. and Amazon.com Inc. The Dow Jones Industrial Average DJIA, +0.97% was trading up 0.1% soon after the opening bell, while the S&P 500 SPX, […]
TrueCar Inc. TRUE, -1.53%, the online used and new car buying and selling company, said it expects total new vehicle sales of 1.12 million vehicles in July, down 10% from a year ago and down 2% from June, when adjusted for the same number of selling days. The company also estimates the seasonally adjusted annualized […]