Tag: Marketwatch

Shares of Newell Brands Inc. NWL, +11.07% surged 3.3% in premarket trading Friday, after the consumer good company, with brands including Rubbermaid, Sharpie, Elmer’s and Mr. Coffee, reported fourth-quarter profit and revenue that beat expectations, while providing a mixed outlook for the current quarter and the full year. Net income fell $96 million, or 22 […]

Under Armour Inc. UA, -11.37% UAA, -12.49% reported fourth-quarter net income of $109.7 million, or 23 cents per share, down from $184.5 million, or 40 cents per share, last year. Adjusted EPS of 14 cents beat the FactSet consensus for 6 cents. Revenue of $1.529 billion was up from $1.404 billion and ahead of the […]

Cantor Fitzgerald analyst Pablo Zuanic on Friday reiterated a neutral rating on Aurora Cannabis ACB, -2.18% ACB, -1.88% and cut his 12-month price target to C$7.60 from C$10.75 due to reduced sales estimates. The company said it expects to reach positive Ebitda by the first half of fiscal year 2023, but Zuanic said the company […]

Zillow Group Inc. Z, +13.55% ZG, +12.66% said it expects to cut its workforce by 25% this year, as a result of the previously announced wind down of Zillow Offers operations, but that followed a more than 45% jump in its workforce in 2021. In the real estate information company’s 10-K annual report filed late […]

Alliance Global Partners on Friday launched coverage of U.S.-based cannabis multi-state operator Verano Holdings Corp. VRNOF, +1.05% VRNO, +1.20% with a buy rating and a price target of C$30 ($23.61) a share. Analyst Aaron Grey said the company is trading at a discount relative to its peers. “We believe the company will continue to close […]

Shares of Goodyear Tire & Rubber Co. GT, -27.44% jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from […]

Financeit Canada Inc. said Friday it agreed to be acquired by private equity firm Wafra Capital Partners Inc. for an undisclosed sum from seller Goldman Sachs Asset Management, a unit of Goldman Sachs Group Inc. GS, -2.03%. The deal comes after Financeit added more than 1,100 new merchant partners, processed 115,000 loan applications, and funded […]

Shares of Gilead Sciences Inc. GILD, +0.45% gained 0.6% in premarket trading on Friday after the company said Veklury, its COVID-19 drug, demonstrated in-vitro activity against omicron and 9 other variants. The research, which was announced in a news release on Friday morning, was published Thursday as a preprint. Gilead said the study has also […]

Twitter Inc. TWTR, -3.34% said Friday morning that it has entered into agreements with Morgan Stanley & Co. MS, -2.79% and Wells Fargo Bank WFC, -1.25% to conduct $2 billion in accelerated share repurchases. The company previously announced a day earlier that it would launch a $2 billion accelerated repurchase program as part of a […]

Investors should expect to see fewer Food and Drug Administration approvals of copycat PD-L1 therapies after an advisory committee recommended against approving an experimental cancer drug, according to SVB Leerink analysts. The drug in question, sintilimab, is being developed by Innovent Biologics Inc. 1801, -7.47%, a Chinese drug maker, and Eli Lilly & Co. LLY, […]