Tag: Marketwatch
Shares of Cinemark Holdings Inc. CNK, -13.44% dropped 1.8% in premarket trading Friday, after the movie theater operator swung to a surprise loss, while revenue more than doubled to beat expectations as attendance nearly tripled. The net loss was $73.4 million, or 61 cents a share, after net income of $142.4 million, or $1.19 a […]
AMC Networks Inc. AMCX, -12.73% reported Friday second-quarter profit and revenue that missed expectations, while streaming subscriber growth beat and the full-year outlook was affirmed. The TV network company, which runs the shows “Better Call Saul” and “Dark Winds,” also named Christina Spade, currently the company’s chief financial officer and chief operating officer, as chief […]
Shares of Twitter Inc. TWTR, +3.56% slipped 0.4% in premarket trading Friday, after Susquehanna analyst Shyam Patil indicated he could no longer be bullish on the social media company given all the distraction. Patil cut his rating to neutral, after being positive on the stock since February 2020. He trimmed his stock price target to […]
Shares of Warner Bros. Discovery WBD, -16.53% were falling more than 10% in premarket trading Friday after the media giant fell way short of revenue expectations and posted a sizable loss. Executives also offered various targets, including a goal for 130 million global subscribers in 2025 and at least $12 billion in adjusted earnings before […]
Shares of DraftKings Inc. DKNG, +9.78% shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year outlook, saying it is seeing “no perceivable impact” from broader macroeconomic pressures. The net loss narrowed to […]
Shares of Virgin Galactic Holdings Inc. SPCE, -17.46% took a 17.3% dive in premarket trading Friday, after Truist analyst Michael Ciarmoli recommended investors sell in the wake of the space-tourism company’s announcement that it was again delaying its first commercial launch and that it was selling more stock. Ciarmoli cut his rating to sell from […]
U.S. stocks opened lower Friday after a stronger-than-expected jobs report, as investors weigh how aggressive the Federal Reserve may need to be raising rates to cool the economy as it battles high inflation. The Dow Jones Industrial Average DJIA, +0.23% was trading 0.7% lower soon after the opening bell, while the S&P 500 SPX, -0.16% […]
Wedbush analyst Jay McCanless downgraded Zillow Group Inc.’s stock ZG, -1.99% Z, -1.59% to neutral from outperform Friday, in the wake of the real-estate company’s latest earnings report that brought a lower third-quarter outlook than expected and showed the pains the company is experiencing from its exit of the iBuying business. “While we are favorable […]
Shares of used-card retailer Carvana Co. CVNA, +40.07% were up more than 38% in Friday morning trading after flirting with what could be their best single-day percentage gain on record. Carvana’s stock was up 38.7% Friday morning and on track for its largest one-day gain since March 24, 2020, when it rose 43.0%. However, shares […]
Shares of AMTD Digital Inc. HKD, -9.85% slipped 1.2% in seesaw morning trading Friday, adding to the 52.4% pullback over the past two days. The Hong Kong-based digital business developer’s stock has whipped around since the opening bell, from an intraday gain of as much as 15.0%, to a decline of as much as 4.1%, […]