Tag: Marketwatch
Shares of Marqeta Inc. MQ, +11.82% were surging 7% in aftermarket trading Thursday after Square-parent Block Inc. SQ, +7.07% shared new metrics on adoption of its Cash Card in conjunction with its earnings report. Card-issuing company Marqeta powers Block’s Cash Card, which enables users of the Cash App mobile wallet to spend their funds. Block […]
Carvana Co. CVNA, +10.91% stock fell nearly 6% in the extended session Thursday after the online used-car retailer posted a wider-than-expected quarterly loss and said that high used-car prices are causing potential buyers to give up or delay buying a vehicle. Carvana said it lost $182 million, or $1.02 a share, in the fourth quarter, […]
U.S. oil futures topped $100 a barrel on Thursday after Russia’s full-scale invasion of Ukraine. Prices, however, finished with a more modest gain. Oil and natural-gas supplies are still unaffected by the current escalation, but “there is a concern that at some point they may get cut off,” said Michael Hewson, chief market analyst at […]
Shares of N95 face-mask maker 3M Co. MMM, -2.72% dropped 2.6% in afternoon trading Thursday, to put them on track to suffer the longest losing streak in a decade. The consumer, industrial and health care products company’s stock has tumbled 14.0% during its current 10-day losing streak, which would be the longest since the 13-day […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 129 billion cubic feet for the week ended Feb. 18. Total supplies in storage stand at 1.782 trillion cubic feet. The change in stocks compared with the average weekly decline of 128 billion cubic feet forecast by analysts polled by S&P […]
Shares of Airbnb Inc. ABNB, -9.20% took a 6.0% dive in premarket trading Thursday, putting them on track to suffer a fifth-straight decline, as Russia’s invasion of Ukraine has triggered selloffs in travel-related stocks. The home-rental company’s stock had already plunged 19.6% over the past four sessions. Among other hotel operators, shares of Hilton Worldwide […]
Keurig Dr Pepper Inc. KDP, -1.32% said Thursday its fourth-quarter net income rose to $843 million, or 59 cents a share, from $428 million, or 30 cents a share, in the year-ago quarter. The drink company’s adjusted earnings rose to 45 cents a share from 39 cents a share. Sales increased by 8.7% to $3.39 […]
Shares of Hertz Global Holdings Inc. HTZ, -4.29% fell about 1% in the extended session Wednesday after the rental-car company reported a quarterly loss. Hertz said it lost $260 million, or $1.52 a share, in the fourth quarter, compared with a loss of $289 million, or $1.85 a share, in the year-ago period. Adjusted for […]
Shares of Sleep Number Corp. SNBR, +3.36% fell more than 14% in the extended session Wednesday after the mattress and bedding manufacturer missed fourth-quarter expectations and said the late arrival of semiconductor parts from an undisclosed large supplier in December caused it to miss out on millions of dollars’ worth of sales. Sleep Number said […]
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by about 6 million barrels for the week ended Feb. 18, according to sources. The API, which released its data a day later than usual due to Monday’s Presidents’ Day holiday, also reportedly showed a weekly inventory increase of 427,000 barrels for gasoline, […]