Category: Stock Market
U.S. stocks finished lower Tuesday for a second straight session, with risk appetite waning a day before the conclusion of a two-day Federal Reserve meeting that is expected to produce another jumbo increase to the central bank’s policy rate. The Dow Jones Industrial Average DJIA, -0.24% shed about 82 points, or 0.3%, ending near 32,650. […]
Calgary-based cannabis company SNDL Inc. SNDL, -2.03% said Tuesday it plans to add to its cannabis exporting business with its purchase of a 380,000-square-foot indoor growing facility in Atholville, New Brunswick, as part of its acquisition of Zenabis Ltd. SNDL said it received an approval order from the Québec Superior Court to close its purchase […]
Read Next SoFi stock surges after earnings beat as company lifts forecast SoFi Technologies Inc. shares undefined were surging in premarket action Tuesday after the financial-services company topped expectations with its latest results and boosted its full-year forecast. The company generated a third-quarter comprehensive loss of $75.8 million, or 9 cents a share, compared with […]
ZoomInfo Technologies Inc. shares ZI, -2.31% were off 20% in after-hours trading Tuesday after the company topped expectations with its latest earnings and revenue figures but cut its free-cash flow outlook for the full year. The company logged third-quarter net income of $17.9 million, or 4 cents a share, whereas it posted a net loss […]
Camping World Holdings Inc. CWH, +1.29% shares dropped 5% in the extended session Tuesday after the retailer reported mixed third-quarter results, missing profit expectations and reporting higher-than-expected sales. Camping World earned $102.9 million, or 97 cents a share, in the quarter, compared with $189 million, or $1.72 a share, in the year-ago period. Adjusted for […]
Benefits manager Voya Financial VOYA, +0.22% on Tuesday said it agreed to acquire Benefitfocus BNFT, -0.85%, a cloud-based benefits administration tech platform, in a $570 million deal. Shares of Benefitfocus rocketed 47% higher, to $10.28, in after-hours trade. The move, Voya said, would hasten its growth in “health and wealth solutions,” leading to a combined […]
Shares of Cheesecake Factory Inc. CAKE, -4.69% dropped more than 10% in the extended session Tuesday after the restaurant chain surprised investors with a quarterly loss and sales that were below Wall Street expectations, saying that inflation and higher costs continued to eat away at its operations. Cheesecake Factory lost $2.4 million, or 5 cents […]
Big 5 Sporting Goods Corp.’s. stock BGFV, -0.08% slid 8% in extended trading Tuesday after the retail chain provided fiscal fourth-quarter earnings guidance of between 8 cents and 20 cents a share, while analysts were expecting 29 cents a share. For the third quarter, Big 5 reported net income of $6.4 million, or 29 cents […]
Oil prices ended higher on Tuesday to log their first gain in three sessions. “Risks to energy supplies remain elevated after reports that Iran was planning an attack on targets that include Saudi Arabia and Northern Iraq,” said Edward Moya, senior market analyst at OANDA. Meanwhile, “global economic outlook remains very fragile to a swathe […]
Shares of Intuit Inc. INTU, -7.68% were falling more than 8% in Tuesday afternoon trading after Bloomberg News reported that the company was pausing hiring in its Credit Karma segment amid “revenue challenges due to the uncertainty of the economic environment.” The report cited an email that was sent to employees. Intuit didn’t immediately respond […]
