Category: Market News
An earlier version of this report had an incorrect adj. EPS number and consensus number. It has been corrected. Exxon Mobil Corp. shares XOM, +1.17% surged 2.5% in premarket trade Friday, after the oil giant blew past earnings estimates for the second quarter amid high oil prices and higher production. The company posted record net […]
In a 243-187 vote on Thursday, the U.S. House of Representatives gave its approval for a $280 billion bill focused on domestic semiconductor manufacturing and scientific research. The Chips and Science Act of 2022, which provides $52.7 billion for the microchips industry, is expected to get signed into law quickly by President Joe Biden, who […]
The net neutrality debate is back on. Democratic Senate members Edward J. Markey, Mass., and Ron Wyden, Ore., on Thursday introduced the Neutrality and Broadband Justice Act in an attempt to reclassify broadband as a telecommunications service and restore oversight of internet service providers to the Federal Communications Commission. The bill would authorize the FCC […]
U.S. stocks finished higher Thursday, extending a rally that lifted the S&P 500 and Dow to their highest close in roughly seven weeks, according to FactSet data. The Dow Jones Industrial Average DJIA, +1.03% climbed roughly 330 points, or 1%, ending near 32,526. The S&P 500 index SPX, +1.21% gained 1.2% to book its highest […]
Shares of Chemours Co. CC, +1.99% rallied more than 6% in the extended session Thursday after the chemical company reported better-than-expected adjusted profit and sales, and increased its cash-flow outlook. Chemours said it earned $201 million, or $1.26 a share, in the second quarter, compared with $66 million, or 39 cents a share, in the […]
DexCom Inc. DXCM, +1.39% shares fell nearly 17% in the extended session Thursday after the maker of glucose monitoring systems missed analyst expectations for its first quarter and tweaked higher its 2022 revenue outlook. DexCom said it earned $51 million, or 12 cents a share, in the second quarter, compared with $78.4 million, or 19 […]
Deckers Outdoor Corp. DECK, +2.14% stock jumped more than 4% in the extended session Thursday after the maker of Teva sandals and Ugg boots, among other brands, reported fiscal first-quarter earnings and sales above Wall Street expectations and tweaked higher its per-share earnings outlook for the year. Deckers said it earned $44.9 million, or $1.66 […]
Shares of U.S. Steel Corp. X, +2.17% rose more than 4% in the extended session Thursday after the producer reported profit and sales above Wall Street expectations and said that it was “bullish” about its outlook, with other industries picking up the slack of slowing-down sectors. U.S. Steel said it earned $978 million, or $3.42 […]
Shares of General Electric Co. GE, +2.18% rallied 2.3% in afternoon trading Thursday toward a seven-week high, to put them on track for the longest win streak in six years. The industrial conglomerate’s stock’s extended rally comes two days after GE reported a big second-quarter profit beat, surprisingly positive free cash flow and the first […]
Kohl’s Corp. KSS, +3.38% announced Thursday that it has partnered with Levi Strauss & Co. LEVI, +2.41% for an exclusive limited-time SilverTab capsule collection. The collection will have a 90s throwback vibe, with baggy clothing for men, women and kids. Levi’s were a big seller during Amazon AMZN, +1.19% Prime Day, and the denim company […]