Check out the companies making headlines after the bell : Urban Outfitters — The clothing retailer added nearly 8% after beating estimates on its first-quarter results. Urban Outfitters reported adjusted earnings of 69 cents per share on $1.2 billion of revenue, more than the 52 cents per share on...
An employee hands an order to a customer through a drive-thru window at a McDonald's restaurant in Oakland, California, April 9, 2020.David Paul Morris | Bloomberg | Getty ImagesAn independent advocacy group of McDonald's franchisees is weighing in on the company's upcoming value meal promotion, cheering affordability for the...
Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily homes.Now different drivers are pushing some rents higher — and throwing cold water on others.Multifamily rents in April were 0.8%...
Check out the companies making the biggest moves midday: Peloton — The stock plunged 14% following the connected fitness company's announcement it will begin a "global refinancing" process that includes a convertible notes offering and a $1 billion five-year term loan. Peloton, which recently announced a restructuring plan ,...
A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S.Bloomberg | Getty ImagesLong-expected layoffs are hitting Pixar Animation Studios today.Pixar will lay off about 175 employees, or around 14% of the studio's workforce, a spokesperson for parent company Walt Disney told CNBC. The...
Aytac Unal/ | Anadolu | Getty ImagesShares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024.Trump Media, whose majority shareholder is former President...