Check out the companies making headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv. Also, Schlumberger reported 78 cents in…
Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Stock Chart IconStock chart icon Regional banks selling off Regions Financial, a Birmingham, Alabama-based lender, posted a 6.5% decline in net interest income (NII) compared with the previous quarter. The bank…
Multiple Wall Street analysts are sticking by their bullish calls on Blackstone despite a disappointing third quarter, telling investors that now is the time to buy the stock. Shares of Blackstone fell nearly 8% on Thursday after earnings and revenue came in short of estimates, according to FactSet’s StreetAccount. The stock is now down 18%…
Check out the companies making the biggest moves in premarket trading: SolarEdge Technologies — The solar stock tumbled nearly 29% after the company lowered its third-quarter guidance post market Thursday. SolarEdge CEO Zvi Lando cited substantial and unexpected cancellations among the reasons for the cut. On Friday, Deutsche Bank downgraded SolarEdge, Sunrun and Sunnova to…
Check out the companies making headlines in after-hours trading. SolarEdge — Shares plunged 20% after the solar company lowered its third-quarter revenue guidance to between $720 million and $730 million, down from prior guidance of between $880 million and $920 million. CEO Zvi Lando said the company experienced “substantial unexpected” cancellations and pushouts of existing…
Market Movers rounded up the latest reactions on Tesla from investors and analysts. The pros discussed the electric vehicle maker after it reported earnings that fell short of analysts’ estimates , the first time since the second quarter of 2019 that Tesla has missed on both earnings and revenue. Additionally, analysts from Goldman Sachs, Citi…
Piper Sandler is bullish on the strength of the S & P 500 , calling for the broad-market index to end the year at 4,825 – a nearly 12% rally from Wednesday’s close – even as high Treasury yields have dented stocks. Markets are facing a broad array of hurdles, including ongoing economic headwinds, inflation…
Check out the companies making headlines in midday trading. Union Pacific — Shares of the freight operator added 2.6% after the company reported earnings per share of $2.51 per share while analysts polled by LSEG forecast $2.44. The company’s third-quarter revenue of $5.94 billion missed analyst estimates of $5.99 billion, however. Las Vegas Sands –…
Vernazza, a village in Cinque Terre, Italy. Mstudioimages | E+ | Getty Images Americans will soon have to apply for a travel authorization to visit Europe — and failing to get one may ruin your next trip. The requirement, slated to start in 2024, currently applies to 30 European nations, including popular destinations like France,…
Bank of America thinks it’s the right time for investors to scoop up shares of Interactive Brokers after its earnings topped analyst estimates earlier this week. The bank has a buy rating on the global electronic brokerage firm, and its $128 price target suggests shares could jump roughly 54% from its latest closing price. “IBKR…
