Finance

Check out the companies making headlines before the bell: Tiffany — Tiffany came in 7 cents a share above estimates, with quarterly profit of $1.67 per share. The luxury goods retailer’s revenue was short of forecasts, however, and Tiffany’s comparable sales fell 1 percent compared to analysts’ projections of a 0.8 percent increase. Hibbett Sports
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Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S. cities ahead of its highly-anticipated public offering. Multiple potential investors attending Thursday’s lunch, hosted by
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Check out the companies making headlines before the bell: Biogen — Biogen shares are tumbling after the drugmaker and Japanese partner Eisai discontinued late-stage trials of an Alzheimer’s treatment. That came after an independent data monitoring committee said the treatment was unlikely to meet its primary goal. Conagra — The food producer beat estimates by
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
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Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating
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It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
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Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
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Not even a 20 percent rebound off the December low is changing David Stockman’s bearish prognosis for the stock market. Stockman, who served as President Ronald Reagan’s director of Office of Management and Budget, suggests fundamentals are not driving the 2019 rally. “This is just day traders, chart monkeys, robo machines. This has nothing to
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Check out the companies making headlines after the bell: Switch shares surged as much as 8 percent after hours Tuesday after the telecommunications company reported mixed fourth-quarter earnings. The company earned $103 million in revenue, missing estimated of $104 million, according to Refinitiv. Earnings per share were 5 cents, beating expectations by 2 cents. The
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Don’t expect exchange-traded funds to go anywhere, Invesco’s head of ETFs said Monday. “We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow,” Dan Draper told CNBC’s Bob Pisani. Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late
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Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
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Invesco’s Kristina Hooper believes Wall Street’s preoccupation with the global growth slowdown is misguided. But she understands why there’s worry. According to Hooper, significant shifts in central banks’ monetary policies are fanning those fears instead of giving the market confidence. She suggests it’s creating more questions than answers — and that’s a problem. “I don’t
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chevron. Karen Finerman was a buyer of General Motors. Steve Grasso was a buyer of Lennar. Dan Nathan was a buyer of the Long-Term Bond ETF. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB,
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Check out the companies making headlines midday Friday: Big Lots — Shares of Big Lots jumped 15.33 percent after the company reported better-than-expected fourth-quarter earnings. The retailer’s earnings came in at $2.68 earnings per share, 38 cents higher than a Refinitiv forecast. The company’s same-store sales were up 3.1 percent, nearly triple Refinitiv’s estimate of
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