Tag: brokerswatch
Kellogg Co. K, +0.10% plans to separate into three businesses, and the company on Wednesday provided new details about who will lead the cereal unit once the split takes place. Gary Pilnick, a Kellogg veteran of more than two decades who helped with the company’s acquisition of Pringles about 10 years back, will serve as […]
Group 1 Automotive Inc. GPI, +0.95%, an operator of car dealerships, said Wednesday it has named Daryl Kenningham as its chief executive effective Jan. 1, 2023, replacing Earl Hesterberg, who is retiring at the end of the year. Kenningham is currently president of U.S. operations and will become president and chief operating officer with immediate […]
Raymond James on Wednesday cut its rating on medical products company Medtronic Plc MDT, -3.08% to market perform from outperform amid doubts about its implied revenue increases in the second half of fiscal 2023. Analyst Jayson Bedford said he’s less confident in his performance estimates for the company. “We fully acknowledge that sentiment is low, […]
Petco Health & Wellness Inc. shares WOOF, +0.19% slid 6% in premarket trade Wednesday, after the pet health and care company posted weaker-than-expected second-quarter earnings and offered guidance that lagged estimates. The San Diego, Calif.-based company had net income of $14.346 million, or 5 cents a share, for the quarter, down from $75.111 million, or […]
Brinker International Inc. shares EAT, +2.12% slid 8% in premarket trade Wednesday, after the operator of Brinker, Chili’s and Maggiano’s restaurants, missed consensus estimates for profit and sales in its fiscal fourth quarter and offered soft guidance. The company posted net income of $40.2 million, or 90 cents a share, for the quarter to Jun […]
Clinical stage biopharmaceutical company Third Harmonic Bio Inc. on Wednesday filed its initial public offering with underwriters Morgan Stanley, Jefferies, Cowen and Lifesci Capital. The Cambridge, Mass.-based company plans to trade on the Nasdaq under the symbol “THRD.” Third Harmonic Bio said it’s focused on new medicines for the treatment of allergic and inflammatory diseases. […]
Johnson & Johnson JNJ, -0.87% on Wednesday named former CVS Health Corp. CVS, -1.18% CEO Larry Merlo as non-executive chair designate of its new consumer health company, which the company announced in November. Merlo will assume a board leadership role with the new consumer health company for its planned separation from J&J in 2023. In […]
Shares of Bed, Bath & Beyond Inc. BBBY, -4.98% surged 15% in early premarket trading on Wednesday after The Wall Street Journal reported, citing sources, that the struggling retailer has picked a lender to provide a much-needed loan deal, following a marketing process by JPMorgan Chase & Co. The company is hoping to shore up […]
Advance Auto Parts Inc. AAP, +0.29% stock fell more than 6% in the extended session Tuesday after the auto-parts retailer reported mixed second-quarter results and lowered its outlook for the year. Advance Auto Parts said it earned $144 million, or $2.39 a share, in the quarter, compared with earnings of $177 million, or $2.76 a […]
Moderna Inc. MRNA, +0.92% said late Tuesday it has completed its submission to the U.S. Food and Drug Administration for the emergency-use authorization for its experimental bivalent COVID-19 booster for those who are 18 years old or older. The new shot targets the original strain of the virus as well as the BA.4 and BA.5 […]