Tag: Marketwatch
Wolfe Research analyst Joshua Tilton initiated coverage of Palo Alto Networks Inc. shares PANW, +1.73% with an outperform rating and $700 price target Monday, writing that while investors seem to view Palo Alto Networks as a place to “hide out” in the current market, they don’t appropriately recognize the value and upside potential of its […]
Black Knight Inc. BKI, -0.84% said Monday that year-over-year home price growth in June dropped by nearly two percentage points, which the data analytics company said was the “greatest single-month slowdown on record” since at least the early 1970s. Black Knight said the slowdown to 17.3% annual home price growth in June from 19.3% was […]
Shares of Boeing Co. BA, +0.14% ran up 4.7% early Monday, to pace the Dow Jones Industrial Average’s DJIA, +0.97% premarket gainers, after the aerospace and defense giant reportedly cleared a hurdle with the Federal Aviation Administration (FAA) that could allow it to resume deliveries of its 787 airliner. The FAA said it would approve […]
The Biden administration has decided against offering COVID boosters to people under 50 for now, preferring to wait until retooled Pfizer PFE, -0.41% and Moderna MRNA, +3.81% shots become available in September that could perform better against the omicron BA.5 subvariant, the New York Times reported Thursday. The reasoning is that it’ll be worth it […]
Shares of Chevron Corp. CVX, +8.90% shot up 3.5% in premarket trading Friday, after the oil giant reported second-quarter profit that more than tripled and revenue that rose more than 80% to blow past expectations, boosted by a surge in oil and natural gas prices and U.S. dollar strength. Net income rose to $11.62 billion, […]
Colgate-Palmolive Co. CL, -0.57% posted net income of $603 million, or 72 cents a share, for the second quarter, down from $703 million, or 83 cents a share, in the year-earlier period. Adjusted per-share earnings also came to 72 cents, a penny ahead of the 71 cent FactSet consensus. Sales rose to $4.484 billion from […]
Procter & Gamble Co. PG, -6.18% shares fell 3.7% in Friday premarket trading after it reported fiscal fourth-quarter profit that missed expectations. The consumer goods giant posted net income of $3.052 billion, or $1.21 per share, up from $2.906 billion, or $1.13 per share, last year. Sales of $19.515 billion were up from $18.946 billion. […]
Shares of Newell Brands Inc. NWL, -2.32% dropped 3.0% in premarket trading Friday, after the consumer goods company, with brands including Rubbermaid, Sharpie, Paper Mate and Graco, reported second-quarter profit that beat expectations but revenue that missed and provided a downbeat outlook. Net income rose to $204 million, or 49 cents a share, from $197 […]
Charter Communications Inc. CHTR, -0.80% topped expectations with its latest revenue and income figures Friday but disclosed that it lost internet subscribers in the second quarter. Charter posted net income of $1.47 billion, of $8.96 a share, up from $1.02 billion, or $5.48 a share, in the year-prior quarter. Analysts tracked by FactSet were anticipating […]
Bloomin’ Brands Inc. BLMN, +3.08% reported a second-quarter net loss of $63.6 million, or 72 cents per share, after net income of $82.5 million, or 75 cents per share, last year. Adjusted EPS of 68 cents beat the FactSet consensus of 62 cents. Revenue of $1.125 billion was up from $1.077 billion last year and […]