Tag: brokerswatch

Pfizer’s COVID antiviral Paxlovid appears to have little or no benefit for younger adults, although it still reduces the risk of hospitalization or death in seniors, according to a new Israeli study, the Associated Press reported. Data from the 109,000 patient study may renew questions about the U.S. government’s use of Paxlovid, which has become […]

Burlington Stores Inc. shares BURL, -5.75% slid 9.6% in premarket trading Thursday, after the discount retailer missed second-quarter sales estimates amid a challenging macro background and offered guidance that was below consensus. The company posted net income of $12 million, or 18 cents a share, for the quarter, down from $103 million, or $1.50 a […]

Dollar General DG, -0.19% shares rose 1.4% before market open, boosted by strong second-quarter results and robust full-year guidance. The retailer reported sales of $9.4 billion, compared with $8.7 billion in the same period last year. The sales increase was primarily driven by positive contributions from new stores and growth in same-store sales, according to […]

Blackstone Group Inc. BX, +1.91% is seeking to acquire the back catalog of major art rock band Pink Floyd for nearly $500 million, the Financial Times reported on Thursday. Blackstone already owns a majority stake in Hipgnosis Song Management, and would set up the deal through that business, the newspaper reported, citing corporate filings. Sony […]

Shares of Coty Inc. COTY, +9.54% were ahead 0.8% in premarket trading Thursday after the beauty company matched expectations with its latest financial results. The company generated a fiscal fourth-quarter net loss from continuing operations of $286 million, compared with a loss of $221 million a year before. On a per-share basis, Coty lost 34 […]

Sporting retailer Hibbett Inc. HIBB, +6.33% posted net income of $24.7 million, or $1.86 a share, for the second quarter, down from $46.7 million, or $2.86 a share, in the year-earlier period. Sales fell 6.3% to $392.8 million from $419.3 million a year ago. The FactSet consensus was for EPS of $2.14 and ales of […]

Tesla Inc. shares TSLA, +0.22% were up 2.2% premarket Thursday, as they started trading on a split-adjusted basis, joining Alphabet Inc. GOOGL, -0.15%, Amazon.com Inc. amxn and other megacap companies dividing their stock this year. The EV maker’s board approved the 3-for-1 split on Aug. 5 and detailed the proposal to split on its proxy […]

Citigroup Inc. C, +0.12% said Thursday it’ll wind down its retail operation in Russia in a move that it expects will affect 2,300 and 15 branches, according to a filing. “Citi will also continue to actively pursue sales of certain Russian consumer banking portfolios,” the bank said. The move includes Citi’s deposits, investments, loans and […]

Malibu Boats Inc. MBUU, +0.55% shares are rallying 7% in premarket trades Thursday after the company beat Wall Street’s profit and sales targets. The Loudon, Tenn., company said its fourth-quarter profit rose to $46.1 million, or $2.31 a share, from $33.44 million, or $1.60 a share, in the year-ago quarter. Adjusted income was $2.43 a […]

Abercrombie & Fitch Co. ANF, -5.57% fell 11% in premarket trades Thursday after the company said it lost $16.83 million, or 33 cents a share, in its second quarter, compared to a net income of $108.5 million, or $1.69 a share, in the year-ago quarter. Its adjusted loss in the latest quarter totaled 30 cents […]