Tristan Fewings/Getty Images LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian Dunkerton is considering taking it private. The stock peaked at 48.55 pence per share shortly before 11 a.m. London time and was last trading at around 46p per share. A…
Check out the companies making the biggest moves in premarket trading: Meta — Shares soared 17% after the tech giant reported profits that tripled in the fourth quarter and issued its first-ever dividend payout. Earnings per share came in at $5.33, topping the $4.96 expected from analysts polled by LSEG. Revenue was $40.11 billion, above…
Check out the companies making headlines after the bell . Amazon — Shares gained nearly 10% after the e-commerce giant reported fourth-quarter results that exceeded analysts’ expectations . Amazon reported earnings of $1 per share on revenue of $169.96 billion, higher than the 80 cents per share on $166.21 billion expected by analysts, according to…
Long-term yields might be the best bond investment this year, according to one exchange-traded fund expert. “The iShares 20-year Treasury ETF (TLT) will get the biggest bang for its buck [and] some of the intermediate-term products like the Vanguard Intermediate-Term Corp Bond (VCIT) will get some bang for the buck,” VettaFi’s Todd Rosenbluth told CNBC’s…
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa Holding, as it announced CEO Philipp Rickenbacher…
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% fall from the same quarter a year ago but was significantly higher than the 785.61 million euros…
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 $2.37 per share consensus estimate by LSEG, formerly known as Refinitiv. Adjusted revenue came in at $9.92 billion, topping…
Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. “When I…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in blue with a horizontal line through the middle. Text appearing for the first time in the new statement is in blue and underlined. Black text appears in both statements.…
Check out the companies making headlines before the bell. Alphabet — Alphabet’s stock declined 5.2% after posting disappointing fourth-quarter advertising revenue . The Google parent topped Wall Street’s expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. That fell short of the $65.94 billion expected by analysts polled by StreetAccount.…
