Category: Stock Market
Options traders are ready for a big move in Snap Inc.’s stock SNAP, -0.41% on the day after the social media company reports third-quarter results, but it’s actually less than the average post-earnings move. Snap is slated to report earnings after Thursday’s closing bell. An options strategy known as a straddle, which is a pure […]
Shares of Philip Morris International Inc. PM, -1.28% rallied 1.8% in premarket trading Thursday, after the cigarette and heated tobacco units seller reported third-quarter profit that and revenue that fell from a year ago, as rising costs hurt margins, but beat expectations amid increased pricing and a favorable mix shift to smoke-free products. Operating income […]
Blackstone Inc. BX, -5.12% said Thursday its third-quarter net income fell sharply to $2.3 million, or zero cents a share, from $1.4 billion, or $1.94 a share in the year-ago quarter. Revenue at the private equity firm dropped to $1.06 billion from $6.22 billion. Fee-related earnings rose to 98 cents a share from 65 cents […]
Quest Diagnostics Inc. DGX, +5.29% reported Thursday third-quarter profit and revenue that fell from a year ago but beat expectations, as base business performance rebounding in the latter part of the quarter to help offset inflationary pressure and declining COVID-19 volumes. The health diagnostics information services company’s stock was still inactive in the premarket. Net […]
Alaska Air Group Inc. ALK, -2.90% reported its third-quarter results before market open on Thursday, boosted by what the carrier’s CEO described as the busiest travel season in two years. The company’s shares rose 1.66% before market open, after ending Wednesday’s session down 1.16%. Alaska Air reported third-quarter revenue of $2.828 billion, compared with $1.953 […]
An earlier version of this article incorrectly characterized Michael Dell’s role in MSD. This has been corrected. BDT & Company Holdings LLC and MSD Partners LP said they would combine in a merger of two investment firms involving billionaires. The name of the combined firm had not yet been determined. Billionaire Byron Trott of BDT, […]
Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.’s stock Z, +2.02% ZG, +2.07% surged 1.9% in morning trading, reversing an earlier decline of as much as 0.8%, while Redfin Corp. shares RDFN, +4.17% jumped 4.6% after being […]
U.S. stocks opened marginally lower on Thursday as investors reacted to Treasury yields touching 14-year highs, along with Tesla Inc. TSLA, -3.54% earnings that fell short of expectations and the resignation of U.K. Prime Minister Liz Truss. The S&P 500 SPX, +0.76% fell 4.5 points, or 0.1%, to 3,690. The Nasdaq Composite COMP, +1.30% shed […]
D.A Davidson on Thursday cut its rating on financial services firm Comerica Inc. CMA, -1.91% to neutral from buy. Analyst Peter Winter said one main reason for the downgrade is that Comerica’s net interest income may peak in the fourth quarter, with some downside risk. He also cited deposit outflows that are “more than expected […]
American Airlines Group Inc. [s:aal] shares jumped 2.4% before market open, lifted by the company’s third-quarter results and robust fourth-quarter guidance. The carrier earned 69 cents a share on net income of $483 million, compared with a loss of 25 cents a share on net income of $169 million in the prior-year’s quarter. Excluding items, […]