Check out the companies making headlines in after-hours trading: Domino's Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around...
Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger's turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping...
Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
Check out the companies making...
Disney is back. After several...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Dubai, United Arab Emirates, November 8th, 2024, ChainwireBybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing...
Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony reported a big jump in operating profit Thursday, smashing analyst expectations, and raised its sales guidance for the full year.Here's how the company did in the September quarter, versus LSEG consensus estimates:Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03...
The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCShares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quarterly results and said it would reduce global production capacity by...
Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 88 cents adjusted vs....
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom...
Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results.Here is how the company did, compared to analysts' consensus estimates from LSEG.Loss per share: 31 cents adjusted vs. a loss of 35 cents expectedRevenue: $698 million vs. $664 million expectedAffirm reported gross merchandise volume, or GMV, of...
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here is how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per share: 99 cents adjusted vs. a loss of 92 cents expectedRevenue: $874 million vs....
