Check out the companies making headlines in after hours trading. Qualcomm — Qualcomm shares fell 2% even after the chipmaker posted fiscal first-quarter results that beat expectations. Adjusted earnings per share of $2.75 were better than the anticipated $2.37 per share LSEG consensus estimate. Adjusted revenue came in at...
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal first-quarter results on Wednesday that topped analysts' estimates as sales of handset chips jumped 16%...
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesByron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC on Wednesday that he...
Shoes are offered for sale at an Adidas store in Chicago on Feb. 10, 2023.Scott Olson | Getty ImagesAdidas announced on Wednesday that it won't write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes "at least" at the cost it paid...
Metronome, a startup that helps software companies offer usage-based billing, has raised $43 million in a Series B funding round led by NEA. Existing backers Andreessen Horowitz and General Catalyst also participated in the financing, which brings its total amount raised to over $78 million since its 2019 inception. Founded by...
The Biogen headquarters in Cambridge, Massachusetts, on Oct. 24, 2023.Vanessa Leroy | Bloomberg | Getty ImagesBiogen on Wednesday said it will discontinue the sale and development of its older and highly controversial Alzheimer's drug Aduhelm to refocus the company's efforts to treat the memory-robbing disease. The biotech company will focus...
These are the stocks posting the largest moves in midday trading.