Tag: Marketwatch
Shares of Noodles & Co. NDLS, -5.43% fell more than 20% in the extended session Wednesday after the restaurant chain reported a surprise quarterly loss and revenues that missed expectations, saying it faced staffing shortages and other challenges related to a COVID-19 surge late last year. Noodles & Co. said it lost $4.7 million, or […]
Wendy’s Co. WEN, -1.65% said late Wednesday its board of directors has authorized an increase of about 4% in the company’s quarterly dividend to 12.5 cents from 12 cents. The increase is effective with the next quarterly dividend payment on March 15 to shareholders of record as of March 7. “Our strong liquidity position, along […]
Shares of Allbirds Inc. birds fell around 4% in the extended session Wednesday after the footwear and apparel maker beat fourth-quarter expectations but called for slightly lower sales in the current quarter. Allbirds said it lost $10.4 million, or 9 cents a share, in the quarter, compared with a loss of $9.4 million, or 18 […]
The two prosecutors leading the Manhattan district attorney’s investigation into former President Donald Trump and his business practices abruptly resigned on Wednesday, the New York Times reported. The resignations came amid a month-long pause in their presentation of evidence to a grand jury, and throw the future of the inquiry into serious doubt, said the […]
Gold futures climbed on Wednesday, with haven demand for the precious metal in the wake of the Russia-Ukraine crisis lifting prices to their highest finish since January of last year. “Precious metals continue to shine amid heightened geopolitical risks concerning Ukraine, a struggling global stock market and soaring inflation,” said Fawad Razaqzada, market analyst at […]
Gap Inc. GPS, -0.89% said Wednesday that the first eight styles from the Yeezy Gap Engineered by Balenciaga collection are now available on the YeezyGap and Farfetch Ltd. FTCH, -3.72% websites. The release includes tees, hoodies, a denim jacket and pants. “An abstract dove motif seen throughout represents an unnamed hope for the future,” the […]
Read Next Teladoc stock drops after another quarterly loss for telemedicine company Shares of Teladoc Health Inc. undefined fell more than 6% in the extended session Tuesday after investors looked past a narrower quarterly loss and sales that were above expectations. Teladoc said it lost $11 million, or 7 cents a share, in the fourth […]
The ODP Corp. ODP, -3.13% said Wednesday it had net income of $32 million, or 61 cents a share, in the fourth quarter, up from $31 million, or 57 cents a share, in the year-earlier period. Adjusted per-share earnings came to 71 cents, well ahead of the 49 cent FactSet consensus. Sales edged down to […]
United Parcel Service Inc. UPS, -0.19% disclosed Tuesday that its workforce was reduced by about 9,000 employees in 2021, as job cuts in the U.S. more than offset net hiring internationally. The package delivery giant said in its 10-K filing with the Securities and Exchange Commission that it had 534,000 global employees at the end […]
Read Next SoFi to acquire cloud-based banking platform Technisys in all-stock deal valued at $1.1 bln SoFi Technologies Inc. undefined said Tuesday it has entered an agreement to acquire Technisys, a cloud-based banking platform, in an all-stock deal valued at about $1.1 billion. Under the terms of the deal, Technisys shareholders will receive about 84 […]