Tag: Marketwatch

Yum Brands Inc. YUM, -0.15% said late Monday its board has declared a dividend of 57 cents a share, representing an increase of 14%. The dividend will be paid on March 11 to shareholders of record on Feb. 18, the parent company of KFC, Pizza Hut and Taco Bell said. Shares of Yum Brands were […]

Shares of Chegg Inc. CHGG, +3.65% rallied more than 10% in the extended session Monday after the education technology and student services company reported fourth-quarter earnings well above Wall Street expectations and said it ended the year well despite COVID-19 uncertainty. Chegg said it earned $24 million, or 15 cents a share, compared with $26 […]

Oil futures ended with a loss on Monday, with U.S. benchmark prices pulling back after ending last week at their highest since September 2014. Momentum in oil prices has been stabilizing on signs that nuclear talks between the U.S.-Iran appear to be “making positive noise,” said Pat Thaker, editorial director, Middle East & Africa at […]

Cruise stocks surged Monday, and were among the biggest gainers in the S&P 500 SPX, -0.10%, in the wake of Royal Caribbean Group’s RCL, +7.55% earnings report in which the cruise operator Chief Executive Jason Liberty said “we are past COVID.” Shares of Royal Caribbean’s ran up 6.9% in midday trading, Norwegian Cruise Line Holdings […]

Zimmer Biomet Holdings Inc. ZBH, -4.67% that ZimVie Inc., the wholly owned subsidiary that is being spun off into a separate, publicly traded company will have $1.0 billion in revenue in 2022, which will be about the same as 2021. ZimVie, which is expected to begin trading as a standalone entity on March 1, is […]

Spirit Airlines Inc. SAVE, +0.18% and Frontier Group Holdings Inc. ULCC, -1.43% said Monday they have agreed to merge in a cash-and-stock deal valued at $6.6 billion including net debt and operating lease liabilities. Under the terms of the deal, Spirit shareholders will receive 1.9126 Frontier shares plus $2.13 in cash for each share owned, […]

The U.S. was heading toward 900,000 COVID fatalities on Friday, as the daily death toll continued to climb above 2,600. The U.S. is averaging 2,632 deaths a day, according to a New York Times tracker, up 30% from two weeks ago and the highest toll since last winter and above the peak surge in the […]

Regeneron Pharmaceuticals Inc. shares REGN, +0.37% rose 1.8% in premarket trade Friday, after the company doubled its fourth-quarter revenue as sales of its COVID-19 antibody treatment came to $2.3 billion. The company posted net income of $2.229 billion, or $19.69 a share, for the quarter, up 94% from $1.149 billion, or $10.24 a share, in […]

Spectrum Brands Holdings Inc. SPB, +0.15% reported Friday a surprise fiscal first-quarter adjusted loss even as revenue topped expectations, as the consumer brands company said price increases weren’t enough to offset “unprecedented inflation.” Net income for the quarter to Jan. 2 fell to $8.2 million, or 20 cents a share, from $72.1 million, or $1.68 […]

Shares of Bristol Myers Squibb Co. BMY, +1.44% were up 1.1% in premarket trading on Friday after the drug maker beat earnings expectations for the final quarter of the year. Bristol had earnings of $2.4 billion, or $1.07 per share, in the fourth quarter of 2021, after a loss of $10.0 billion, or $4.45 per […]