Finance
Netflix said Thursday that its Board of Directors has approved a 10-for-1 forward stock split of the company’s high-flying common stock that trades at well over 1,000 a share. The split will be enacted through an amendment to the giant streamer’s Amended and Restated Certificate of Incorporation. The purpose of the stock split is to…
Dow Jones futures rose after hours, along with S&P 500 futures and Nasdaq futures. Apple (AAPL) and Amazon.com (AMZN) were earnings winners late Thursday, along with Western Digital (WDC), Cloudflare (NET) and more. The stock market rally retreated Thursday, with Meta Platforms (META) and some other megacaps leading the Nasdaq solidly lower. MongoDB (MDB) broke…
By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China leaders’ summit. In my column today, I consider one overlooked…
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Shares of health insurance company Cigna (NYSE:CI) fell 14.3% in the morning session after the company reported underwhelming third-quarter results. Revenue grew 9.5% year-on-year to $69.75 billion, beating estimates by 3.6%. Adjusted earnings per share came in at $7.83, which was 2.5% ahead of the consensus forecast. However, the positive results were overshadowed by concerns…
As Michael Saylor’s MicroStrategy (NASDAQ: MSTR) gears up to report earnings on Oct. 30, sentiment among traders has turned sharply bearish, both on Wall Street and in the crypto derivatives space. On prediction market Polymarket, bettors are assigning only an 18% chance that the company will beat … Source link
Shares of tobacco company Altria (NYSE:MO) fell 7.3% in the morning session after the company reported third-quarter results where revenues missed expectations, overshadowing an in-line result for earnings per share. The company announced adjusted quarterly earnings of $1.45 per share, an increase from $1.40 per share reported in the same quarter the previous year. Despite…
OpenAI is reportedly gearing up for a stock market listing valuing the company at $1tn (£76bn) as soon as next year, in what would be one of the biggest ever initial public offerings. The developer behind the hit AI chatbot ChatGPT is considering whether to file for an IPO as soon as the second half…
Shares of specialty construction contractor company EMCOR (NYSE:EME) fell 13.8% in the morning session after the company reported strong third-quarter results but provided a full-year revenue forecast that failed to impress investors. The specialty construction contractor posted third-quarter revenues of $4.30 billion, a 16.4% increase from the same period in the previous year. Earnings per…
Key Takeaways Investors will be focused on Amazon’s cloud business and AI investments when the e-commerce giant reports third-quarter earnings after the closing bell on Thursday. Amazon’s second-quarter cloud growth disappointed Wall Street after big beats from competitors Alphabet and Microsoft, both of which reported strong results on Wednesday. Options pricing suggests some traders expect…