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Stock Market Archives - Stock Market Latest

Sparkling start puts spotlight on Nikkei in 2024

Business & Finance 14 January 2024, 2:17 am 1 minute Reuters exclusively reported that Japanese stocks have made a blazing start to 2024, surging to three-decade highs as a weaker yen and expectations of interest rates staying low have re-ignited the strongest rally for years.  Market Impact A 6% gain in the Nikkei (.N225), opens …

PepsiCo CFO leaves after 13 years, to become Disney’s CFO

Shares of PepsiCo Inc. PEP, +0.07% fell 0.5% in premarket trading Monday, after the beverage and snack giant said Chief Financial Officer Hugh Johnston will leave at the end of the month after about 13 years in the role and 34 years with the company, to become Walt Disney Co.’s DIS, +0.24% CFO. Disney’s stock …

Freshpet stock rallies on upped revenue outlook and narrower-than-expected Q3 loss

Freshpet Inc.’s stock FRPT, +0.33% was up 9% in premarket trading on Monday after the company reported a narrower-than-expected third-quarter loss and boosted its revenue outlook for 2023. Freshpet reported a third-quarter loss of 15 cents a share, narrower than the FactSet consensus estimate of 16 cents a share. Its third-quarter revenue of $200.6 million …

BioNTech’s stock rallies after it posts surprise Q3 profit and revenue that tops estimates

BioNTech SE’s stock rose 2.5% early Monday after the company posted a surprise profit for the third quarter and revenue that beat estimates, even as it was hit by lower COVID-19 vaccine revenue. The Mainz, Germany-based company BNTX, +3.56% said it had net profit of 160.6 million euros ($172.7 million), or 67 cents a share, …

AIG launches secondary offering of 50 million shares of former life and retirement business Corebridge Financial

American International Group Inc. AIG, -0.96% said Monday it is launching a secondary offering of 50 million shares of common stock of Corebridge Financial Inc. CRBG, -2.90%, its former life and retirement business that was separated out in 2021. All proceeds from the offering will go to AIG, which has said it would further deconsolidate …

Dish Network’s stock drops after a surprise loss and revenue miss, as subscribers fell

Shares of Dish Network Corp. DISH, +5.17% dropped 4.9% in premarket trading Monday, after the satellite TV service swung to surprise a third-quarter loss, as pay-TV and wireless subscribers decline. The company reported a net loss of $139 million, or 26 cents a share, after net income of $412 million, or 65 cents a share, …

Yellen to hold two days of talks with China vice premier

Treasury Secretary Janet Yellen will hold two days of meetings with China’s vice premier, He Lifeng, the U.S. Treasury announced. Yellen will meet with He on Nov. 9 and 10 in San Francisco, ahead of the APEC finance ministers meeting. “We seek a healthy economic competition that benefits both sides, but that healthy competition requires a …

WW stock tanks more than 10% as company’s revenue drops 14%

WW International Inc. WW, -11.06%, formerly known as Weight Watchers, late Thursday missed the revenue forecast for its third quarter and said revenue for the year will come at the lower end of its expectations. The stock dropped more than 10% in the extended session. WW earned $43.7 million, or 54 cents a share, in …

Atlassian’s stock sinks on widening loss

Shares of Atlassian Corp. TEAM, -2.48% staggered 14% in extended trading Thursday after the software company reported quarterly results. Atlassian posted a fiscal first-quarter net loss of $31.9 million, or 12 cents a share, compared with a net loss of $13.7 million, or 5 cents a share, in the year-ago quarter. Adjusted earnings were 65 …

DraftKings’ stock pops on narrowing loss, raised fiscal year revenue guidance

DraftKings Inc.’s stock was up 7% in extended trading Thursday after the sports-gambling and fantasy web site posted quarterly results that topped analyst revenue and earnings estimates, and raised its full year guidance range. DraftKings DKNG, +16.46% reported a fiscal third-quarter net loss of $283.1 million, or 61 cents a share, compared with a net …

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