Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Netflix — The entertainment stock sank 6.5% after missing Wall Street expectations for third-quarter earnings and subscriber additions. Netflix added 2.2 million subscribers globally
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Check out the companies making headlines after hours Tuesday. Netflix — shares slipped more than 6% after the company missed estimates for the third quarter. The streaming giant earned $1.74 per share compared with the $2.14 expected by analysts polled by Refinitiv. Revenue came in at $6.44 billion, which was ahead of the $6.38 billion
Noam Galai | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. IBM – Shares shed more than 6% after IBM’s third-quarter results showed a third straight quarter of declining revenue. The company earned an adjusted $2.58 per share for the quarter, which was in line with Street forecasts,
Take a look at some of the biggest movers in the premarket: Concho Resources (CXO) – ConocoPhillips (COP) will buy its rival energy producer in an all-stock transaction valued at $9.7 billion. Concho shareholders will receive 1.46 ConocoPhillips shares for every share they now own. CNBC’s David Faber had reported last week that the two
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set aside $1.4 billion for possible loan losses, significantly smaller than the amounts it had set
Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
United Airlines’ Boeing 747-400 aircraft performed its last passenger flight on November 7, 2017. NurPhoto Check out the companies making headlines in midday trading. Boeing — Shares popped more than 3% after Patrick Ky, the head of Europe’s aviation regulator, said the company’s beleaguered 737 Max jet is safe to fly again. He added the
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP Another volatile week may be in store for traders as coronavirus cases rise in the U.S. and Europe while Democrats and Republicans remain at an impasse over new fiscal aid. The Dow Jones Industrial Average, S&P 500 and
Gary Guthart, CEO, Intuitive Surgical Scott Mlyn | CNBC Check out the companies making headlines after the bell: Del Taco Restaurants — Shares of Del Taco Restaurants surged nearly 9% after the Mexican restaurant chain reported better-than-expected quarterly earnings. The company posted an earnings per share of 16 cents in the third quarter, beating analysts’
Here are the companies making headlines in midday trading. Roku – Shares of the streaming device maker slid more than 3% after KeyBanc downgraded the company to a “sector weight” rating. The firm said that after the stock’s roughly 40% gain in the last month, the “positive fundamentals appear reflected in [the] share price.” KeyBanc
Many of the seats aboard a United Airlines flight sit empty on May 11, 2020 in flight to Houston, Texas from San Francisco. Justin Sullivan | Getty Images Check out the companies making headlines after hours on Wednesday: United Airlines — Shares of United Airlines fell more than 1% after the company reported a bigger-than-expected
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Check out the companies making headlines midday on Wednesday: Wells Fargo — Wells Fargo shares dropped 5% after the banking giant reported a weaker-than-expected
Check out the companies making headlines before the bell: Johnson & Johnson (JNJ) – The medical-device and drug maker reported adjusted quarterly earnings of $2.20 per share, beating the consensus estimate of $1.98, with revenue also coming in above consensus. Johnson & Johnson said a faster-than-expected recovery in procedures using its medical devices was among
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California. ROBYN BECK | AFP | Getty Images Check out the companies making headlines after the bell: Disney — Shares of the media giant rallied more than 4% in after hours trading on
Check out the companies making headlines midday Monday: Dillard’s — Shares of the retailer surged more than 32% after one of Warren Buffett’s top lieutenants revealed a stake in the company. Ted Weschler’s stake is over 1 million shares, or about 5.89% of the outstanding stock, according to a securities filing. Twitter — Twitter shares
Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) – Levi Strauss reported quarterly earnings of 8 cents per share, compared to expectations of a 22 cents per share loss. The apparel maker’s revenue also beat Wall Street forecasts, helped by a 52% jump in online sales. United Airlines
Spencer Platt | Getty Images News | Getty Images Even with election year volatility and no stimulus package in sight, it looks like the stars are aligning for a fourth quarter stock market rally. Technical analysts say they see underlying trends that signal strength and further gains, including broader groups of stocks participating, like small
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