Tag: Marketwatch
Shares of Deere & Co. DE, -3.00% gained 0.6% in premarket trading Friday, after the agricultural and construction equipment company reported big fiscal first-quarter profit and sales beats, amid strength in its Production & Precision Ag business. Net income for the quarter to Jan. 30 rose fell to $903 million, or $2.92 a share, from […]
Aluminum maker Arconic Corp. ARNC, -0.59% reported a narrower fourth-quarter net loss and revenue that rose above expectations, as higher aluminum prices and growth in packaging, industrial and ground transportation volumes helped offset higher costs. The stock was still inactive in the premarket. The net loss narrowed to $38 million, or 36 cents a share, […]
Shares of DraftKings Inc. DKNG, -21.62% tumbled 15.4% in premarket trading Friday, after the digital sports entertainment and gaming company another quarterly loss that widened from a year ago, while revenue rose above expectations but costs jumped. The net loss widened to $326.3 million from $242.7 million, while per-share losses widened to 80 cents from […]
Flowr Corp. FLWR, +7.14% FLWPF, +14.35% said Friday it agreed to sell its Kelowna research and development facility to Hawthorne Canada Ltd., the unit of Scotts Miracle-Gro Co. SMG, -1.62% that specializes in hydroponic solutions. Toronto-based Flowr Corp. said the C$16 million ($12.6 million) deal is expected to close in the second quarter and will […]
Bloomin’ Brands Inc. BLMN, +7.56% stock jumped nearly 6% in Friday premarket trading after the Outback parent reported fourth-quarter profit and sales that beat expectations and reinstated its dividend. Net income totaled $60.7 million, or 59 cents per share, after a loss of $14.2 million, or 16 cents per share, last year. Adjusted EPS of […]
Cronos Group CRON, -6.86% CRON, -6.07% said Friday its third-quarter net income fell to $55.1 million, or 21 cents a share, from $95.2 million, or 18 cents a share, in the year-ago period. The latest quarter includes a $132.9 million gain on revaluation of derivative liabilities. Third-quarter net revenue at the cannabis company rose by […]
Hibbett Inc. HIBB, -4.66% shares sank 11.4% in Friday premarket trading after the athletic retailer gave a fourth-quarter update that warned of a sales and profit miss. Sales for the quarter ending Jan. 29 are expected to be $383.3 million, up from $376.8 million. Comparable sales fell 1%. And net income is expected to be […]
Olympic Steel Inc. ZEUS, +2.75% said on Friday that it boosted its dividend by more than four-fold, following a year of “record profitability” in 2021. The steel maker’s stock was still inactive in the premarket. The new dividend of 9 cents a share is up from 2 cents a share, and will be payable March […]
JPMorgan Chase & Co. JPM, +0.47% CFO Jeremy Barnum said Friday the bank remains confident it’ll achieve its target of 17% return on average tangible common shareholders’ equity (ROTCE). “We feel really good about the 17%,” Barnum said in comments at the 23rd Annual Credit Suisse Financial Services Forum. While some M&A deals have been […]
Kraft Heinz Co. KHC, +1.77% announced a partnership with Google GOOG, -1.39% google on Friday that’s intended to further the food company’s digital transformation. Kraft will use machine learning tools to help with new flavors and products, improve shopper engagement using Google Cloud products, and use platforms like Google Ads and YouTube for marketing. Kraft […]