Category: Stock Market
Shares of Steven Madden Ltd. SHOO, +1.51% were indicated up nearly 1% in premarket trading Wednesday, after the footwear, clothing and accessories company reported third-quarter earnings that topped expectations, but lowered its full-year outlook, as wholesale customers have pulled back on orders as they deal with excess inventory. Kudos to Wedbush analyst Tom Nikic, who […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 3.1 million barrels for the week ended Oct. 28. On average, analysts forecasted a decrease of 1.6 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also showed a weekly inventory decline of 1.3 million barrels for […]
An earlier version of this report gave incorrect revenue numbers. Bausch & Lomb had $942 million in revenue in the third quarter of the year, down from $949 million in the same three months of last year. It has been corrected. Bausch + Lomb Corp. BLCO, -2.93% said Wednesday that it had a loss of […]
Alation Inc. said Wednesday it closed a $123 million round of Series E financing that values the Redwood City, Calif., data management company at $1.7 billion. Thoma Bravo, Sanabil Investments and Costanoa Ventures led the round, with participation from new investor Databricks Ventures as well as existing and other investors such as Dell Technologies Capital […]
Shares of Amazon.com Inc. AMZN, -1.95% reversed an early gain to fall into negative territory, again, to put them in danger of a sixth-straight loss and the lowest close in 2 1/2 years. The ecommerce and cloud giant’s stock was up as much as 1.0% just after the opening bell, but was down 0.8% in […]
U.S. stocks opened modestly lower on Wednesday as investors digested stronger-than-expected private payrolls data while waiting to hear from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, -0.52% opened 8 points, or 0.2%, lower at 3,847. The Dow Jones Industrial Average DJIA, -0.19% fell 102 points, or 0.3%, to 32,550. The Nasdaq Composite COMP, […]
Citi analyst Keith Horowitz said Tuesday that a fresh mention of ongoing discussions between Wells Fargo & Co WFC, +2.09% and federal banking regulators amounts to “incremental positive news” for the bank. Wells Fargo said in a Monday filing it’s in “resolution discussions” with the Consumer Financial Protection Bureau on a number of the regulator’s […]
Pfizer Inc.’s PFE, +3.14% COVID-19 antiviral Paxlovid brought in $7.5 billion in sales in the third quarter of the year, against a FactSet consensus of $7.6 billion. The drug company also reiterated guidance for Paxlovid revenues in 2022, saying it still expects $22 billion in sales for the year. The FactSet consensus is $22.5 billion. […]
Shares of Container Store Group Inc. TCS, -6.08% dropped more than 6% in the extended session Tuesday after the retailer reported mixed fiscal second-quarter earnings and said foot traffic in its stores is slowing. Container Store earned $15.7 million, or 31 cents a share, compared with $27.2 million, or 54 cents a share, in the […]
Chegg Inc.’s stock CHGG, -2.13% initially soared 16% in extended trading Tuesday after the online-learning platform reported fiscal third-quarter revenue and earnings that exceeded Wall Street analysts’ forecasts. Chegg reported net income of $251.6 million, or $1.23 a share, compared with net income of $6.65 million, or 5 cents a share, in the year-ago quarter. […]
