Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter.Paramount Global's special committee, in charge of accepting or rejecting transactions, and David Ellison's Skydance Media, backed by private...
Check out the companies making headlines after the bell : Alphabet – Shares soared about 15% in extended trading after first-quarter earnings of $1.89 per share beat analysts' estimates of $1.51 per share, according to LSEG, and revenues of $80.54 billion exceeded expectations of $78.59 billion. The search giant...
Snap reported first-quarter results on Thursday that beat analysts' estimates and showed a return to double-digit revenue growth. Shares soared more than 25% in extended trading. Here's how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEGRevenue: $1.19 billion vs. $1.12 billion...
A pickleball paddle and balls at the pickleball courts in Tropical Park on March 23, 2023, in Miami. (Jose A. Iglesias/El Nuevo Herald/Tribune News Service via Getty Images)Jose A. Iglesias | El Nuevo Herald | Getty ImagesAmerica's fastest-growing sport, pickleball, is going after a new frontier: India.The United Pickleball...
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Revenue for the three months ended March 31 totaled $9.1 billion, topping...
The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite a nightmare scenario for the Federal Reserve, but it at least could make for some restless sleep. First-quarter results released Thursday showed the U.S. economy slugging along at a 1.6% annualized pace, the...
Check out the companies making headlines in midday trading. Victoria's Secret — Shares dropped 3.5% after Goldman Sachs initiated coverage of the stock with a sell rating, saying it sees a "tough macro and ongoing competitive pressure" for the lingerie company in the near term. Longer term, the firm...
An Airbus A350-941 is undergoing a test flight at Toulouse Blagnac Airport in Toulouse, France, on December 8, 2023. Urbanandsport/ | Nurphoto | Getty ImagesAirbus posted weaker than expected first-quarter operating profit and cashflow after hiring more staff to prepare for rising aircraft demand, but reaffirmed its financial goals for...
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020.Yves Herman | ReutersAlphabet will report first-quarter earnings after the bell Thursday.Here is what analysts are expecting.Earnings per share: $1.51, according to LSEG.Revenue: $78.59 billion, according to LSEG.YouTube...