(Reuters) -American Airlines forecast a bigger-than-expected third-quarter loss on Thursday, as sluggish domestic travel demand result in more unsold seats and an erosion in fares. Shares of the carrier fell nearly 3% in premarket trading. Most U.S. airlines withdrew their financial forecasts in April due to uncertainty caused by President Donald Trump‘s sweeping tariffs and…
GoPro (GPRO) and Krispy Kreme (DNUT) early Wednesday appeared set to be the latest stars of a meme stock resurgence that has swept markets this summer. GoPro stock gained as much as 90% in premarket trading on Wednesday before paring gains to around 40% through the first half hour of the trading day, and Krispy…
The latest entrant to this month’s meme stock craze appears to be Kohl’s (KSS). Shares of the beleaguered retailer rose 37.7% on Tuesday, with the stock at one point getting halted for trade by the New York Stock Exchange for volatility. In premarket trading, Kohl’s stock rose more than 100% at its highs. In a…
(Bloomberg) — NXP Semiconductors NV shares slid in late trading after the chipmaker’s third-quarter forecast was less bullish than some investors had anticipated. Most Read from Bloomberg Revenue in the period will be $3.05 billion to $3.25 billion, the Dutch company said in a statement on Monday. Though the midpoint of that range topped the…
Photo: Sean Gallup (Getty Images) U.S. stocks looked set to open higher Tuesday, clawing back some ground after a brutal Monday selloff. Nasdaq futures rose 0.8%, with the S&P 500 and Dow also in the green. The rebound follows steep losses to start the week: the Nasdaq sank 2.6%, the S&P 500 dropped 2.4%, and…
Only in the world of AI darling Nvidia (NVDA) are hypersonic growth rates not seemingly enough for the beloved stock’s bulls. Shares of the $3.2 trillion market cap chipmaker fell nearly 1% in pre-market trading on Thursday as investors keyed in on its below-consensus outlook for profit margins. In its earnings release on Wednesday evening,…
(Reuters) – Robinhood (HOOD) shares surged nearly 16% in premarket trading on Thursday, after the trading platform reported record fourth-quarter revenue and profit on the back of a resurgence in retail trading due to renewed interest in crypto and equity markets. Retail trading rebounded significantly in 2024 as Bitcoin and U.S. stocks hit all-time highs,…
Feb 5 – Following its Q4 2024 earnings report, which consists of mixed results, Advanced Micro Devices (AMD, Financial) shares witnessed a more than 9% decline in its premarket trading on Wednesday. AMD recorded $7.66 billion in total revenue with $1.09 in adjusted EPS for Q4 2024, while its data center segment brought in $3.86…
By Akash Sriram (Reuters) – Shares of Super Micro Computer soared nearly 30% in premarket trading on Tuesday, after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted. Super Micro announced the appointment of BDO USA as its independent…
The Nasdaq led a tumble in US stock futures on Thursday as Meta (META) and Microsoft’s (MSFT) earnings sparked worries about prospects for Big Techs amid rising AI costs. Contracts on the tech-heavy Nasdaq 100 (NQ=F) sank 0.9%, while S&P 500 futures (ES=F) fell over 0.7%. Dow Jones Industrial Average futures (YM=F) dropped roughly 0.5%,…