Category: Market News
Shares of Bristol Myers Squibb BMY, +0.18% were up 1.2% in premarket trading on Wednesday, the day after the company shared better-than-expected results for the third quarter of the year. Bristol had earnings of $1.6 billion, or 75 cents per share, in the third quarter of 2022, up from $1.5 billion, or 69 cents per […]
Shares of Otis Worldwide Corp. OTIS, +2.64% were indicated down about 1% in premarket trading Wednesday, after the elevator and escalator company reported third-quarter profit that topped expectations but revenue that came up a bit shy and cuts its full-year outlook, citing dollar strength and headwinds in China. Net income was $324 million, or 77 […]
Universal Health Services Inc. UHS, +3.90% jumped 12% after hours after the hospital and health-facility operator reported third-quarter results that beat estimates. The company reported net income of $182.8 million, or $2.50 a share, compared with $2.60 a share, during the third quarter of 2021. Net sales rose 5.7% to $3.34 billion, compared with $3.16 […]
Oil futures settled higher on Tuesday, with prices recovering what they lost a day earlier and then some. “Oil prices, in the short term, are locked in a bit of a trading range,” said Phil Flynn, senior market analyst at The Price Futures Group. “We are still in shoulder season and we’re still being influenced […]
Shares of American Electric Power Co. Inc. AE, +1.93% ] rose 1.3% in midday trading Tuesday, after the electricity transmission company raised its quarterly dividend by 6.4%, to 83 cents a share from 78 cents. The new dividend is payable Dec. 9 to shareholders of record on Nov. 10. Based on current stock prices, the […]
Traders are pricing in a better-than-even likelihood that the Federal Reserve will back away from an aggressive, 75-basis point rate hike for December. They now see a 52% chance of a 50-basis-point rate hike by the Fed at its final meeting of the year, and just a 46% likelihood of a 75-basis-point move, according to […]
Shares of Nio Inc. NIO, +2.64% bounced 1.5% in premarket trading Tuesday, after suffering in the previous session the worst selloff since March 2020 in the wake of China President Xi Jinping’s moves to consolidate power. The China-based electric vehicle maker’s stock had tumbled 15.7% on Monday, to the first close below the $10 mark […]
Halliburton Co. stock HAL, +2.07% rose 1.8% in premarket trade Tuesday, after the energy services company posted better-than-expected earnings for the third quarter. Halliburton had net income of $544 million, or 60 cents a share, for the quarter, up from $236 million, or 26 cents a share, in the year-earlier period. Revenue rose to $5.357 […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
The Securities and Exchange Commission charged cannabis company Cronos Group Inc. CRON, with accounting misconduct and former chief commercial officer William Hilson with fraud and abetting the company’s violations, the regulator said Monday.The SEC said that in three separate quarters between 2019 and 2021, Cronos submitted financial statements with material accounting errors. It also alleged […]
