Tag: brokerswatch
Shares of Norfolk Southern Corp. NSC, +3.64% tacked on 0.3% in premarket trading Wednesday, after the railroad operator reported record third-quarter earnings that beat expectations, boosted by higher fuel surcharges and pricing and “robust” hiring initiatives. Net income rose to $958 million, or $4.10 a share, from $753 million, or $3.06 a share, in the […]
Texas Instruments Inc.’s TI, stock slid 4.58% before market open on Wednesday, weighed down by the chip maker’s fourth-quarter outlook. The company reported strong third-quarter results after market close on Tuesday, but forecast weaker-than-expected fourth-quarter earnings and revenue. Texas Instruments expects fourth-quarter earnings between $1.83 and $2.11 a share on revenue of $4.4 billion to […]
The Boeing Co. stock BA, -6.75% fell 1.5% in premarket trade Wednesday, after the company’s third-quarter loss widened and revenue missed consensus estimates by almost $2 billion. The aerospace giant had a net loss of $3.308 billion, or $5.49 a share, for the quarter, wider than the loss of $132 million, or 19 cents a […]
Bed Bath & Beyond Inc. BBBY, -0.76% on Wednesday named Sue Gove as president and chief executive officer. She has been interim CEO of the retailer since June. The board of directors of the Union, N.J., company unanimously approved the appointment. Bed Bath & Beyond said Gove will focus on executing the company’s strategic plan […]
Shares of Harley-Davidson Inc. HOG, +11.49% rallied 1.4% in premarket trading Wednesday, after the motorcycle maker reported third-quarter profit and revenue that beat expectations by wide margins, citing a “strong recovery” in global motorcycle shipments. Net income rose to $261 million, or $1.78 a share, from $163 million, or $1.05 a share, in the year-ago […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 2.6 million barrels for the week ended Oct. 21. On average, analysts forecasted a decrease of 800,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also showed a weekly inventory decline of 1.5 million barrels for gasoline, […]
The Bank of Canada on Wednesday lifted its key overnight lending rate by 50 basis points, or half a percentage point, to 3.75%. Nine of 12 economists surveyed by The Wall Street Journal had penciled in a 75 basis point rise. In a statement, the central bank said it expected inflation to ease “as higher […]
Microsoft Corp.’s stock MSFT, -5.25% took a 7.7% dive in morning trading Wednesday, toward the biggest one-day decline in 2 1/2 years, after the software behemoth provided a disappointing second-quarter revenue outlook. The stock was by far the biggest decliner in the Dow Jones Industrial Average DJIA, +1.00%, as the second-place loser was fellow software […]
Stifel Financial Corp. SF, +2.34% and Evercore Inc. EVR, +6.00% both reported double-digit percentage drops in compensation expense on Wednesday as banker pay dries up from 2022’s lower deal flow. Third-quarter compensation expense at Stifel fell 25% to $211.82 million from $283.1 million in the year-ago quarter, as total revenue fell to $339.4 million from […]
U.S. stocks opened mostly lower on Wednesday as earnings from Microsoft MSFT, -5.15% and Alphabet GOOG, -6.27% disappointed investors, dragging on the Nasdaq. The S&P 500 SPX, +0.65% fell 33 points, or 0.9%, to 3,825. The Dow Jones Industrial Average DJIA, +1.02% rose 13 points, or less than 0.1%, to 31,849. The Nasdaq Composite COMP, […]
