Tag: Marketwatch

T-Mobile Inc. TMUS, +0.18% shares slipped in the extended session Thursday after the telecom company reported it posted record-high customer results for the quarter. T-Mobile shares declined 1.4% after hours, following a 0.2% rise to close at $115.57. The company said it added 844,000 net postpaid phone customers in the fourth quarter, compared with 824,000 […]

CannTrust Holdings Inc. said Thursday it’s developing an “orderly wind-down plan” to maximize the value of its assets, because the company does not have sufficient liquidity to operate beyond the near term. The wind-down plan would be used if a financing or strategic transaction option cannot be finalized by the Canadian cannabis producer. The company […]

Shares of Humana Inc. HUM, -20.15% tumbled 13.0% toward a three-month low in afternoon trading Thursday, to pace the S&P 500’s SPX, +0.14% decliners, after the health insurance services company slashed its full-year membership estimate for its Medicare Advantage products. Humana’s stock was headed for the biggest one-day selloff since it slid 13.9% on March […]

Lamb Weston Holdings Inc. LW, +9.55% stock soared 11.8% in Thursday trading after the potato and vegetable company reported fiscal second-quarter earnings and sales that beat expectations. Net income totaled $32.5 million, or 22 cents per share, down from $96.9 million, or 66 cents per share, last year. Adjusted EPS of 50 cents beat the […]

New York State Governor Kathy Hochul said she plans to create a $200 million public-private fund to support social equity applicants in the state’s legal cannabis industry, which is estimated to tip the scales at $4.2 billion. With New York preparing to issue licenses for stores to sell cannabis to adults 21 and over, the […]

Conagra Brands Inc. CAG, -0.15% shares slipped 1.4% in Thursday premarket trading after the food company reported fiscal second-quarter earnings below Street expectations. Net income totaled $275.5 million, or 57 cents per share, down from $378.9 million, or 77 cents per share, last year. Adjusted EPS of 64 cents missed the FactSet consensus of 68 […]

Kirkland’s Inc. KIRK, -5.77% announced a new $30 million share repurchase program on Thursday. The announcement comes after a holiday period in which the home retailer says a comparable sales decline of 6.4% was in line with expectations. Comparable sales fell 9.5% in November 2021 and were down 3.3% in December 2021. The company still […]

Gold futures rose Wednesday for a second straight session, finding support as U.S. benchmark stock indexes traded mostly lower and the dollar weakened. “Investors seem to be gravitating towards gold as rising omicron variant cases accelerate the flight to safety,” said Lukman Otunuga, manager, market analysis, at FXTM. How gold concludes the first trading week […]

Shares of Pfizer Inc. PFE, +2.02% rallied 2.5% in afternoon trading Wednesday, after BofA Securities analyst Geoff Meacham turned bullish on the drug maker, saying its COVID-19 pill Paxlovid could alleviate concerns over a “cluster of patent expirations” starting in 2025. Meacham raised his rating to buy, after being at neutral since he started covering […]

U.S. stock benchmarks took a turn lower and losses deepened for the Nasdaq Composite Wednesday afternoon after minutes from the Dec. 14-15 meeting of the Federal Open Market Committee, released at 2 p.m. ET, indicated that policy makers could tighten financial conditions sooner and faster than market participants had anticipated. At the meeting, the Fed […]