Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share.Karuna's stock popped more than 47% on the news Friday morning, hitting around $317 a share. Bristol Myers Squibb shares rose more than 3%.The deal will help...
Rafael Henrique | Lightrocket | Getty ImagesShares of Roblox popped 17% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth.Here's how the company did:Loss per share: 45 cent loss vs. 51 cent loss expected by LSEG,...
CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported third-quarter results Tuesday that missed analysts' expectations on the top and bottom lines...
Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesShares of Palantir popped 21% Thursday after the company released third-quarter earnings that beat analysts'...
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesShares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts' estimates for revenue, and forecasted a decline in...
Mailsonpignata / 500Px | 500Px | Getty ImagesShares of ON Semiconductor closed down more than 21% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year.ON Semiconductor said it expects to report fourth-quarter earnings between $1.13 and $1.27 per share, excluding...
Enrique Lores, CEO, HPScott Mlyn | CNBCShares of HP fell more than 8% Wednesday morning after the printer and PC-maker released fiscal third quarter earnings that underwhelmed Wall Street.HP reported $13.2 billion in revenue, down from the $13.37 billion expected by analysts, according to Refinitiv. Earnings per share came...
Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger believes there is trouble ahead for the U.S. commercial property market.The 99-year-old investor told the Financial Times that U.S. banks are packed with "bad loans" that will be vulnerable...