Check out the companies making headlines in extended trading. Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Mercury reported an adjusted loss of 42 cents per share on revenue of $197 million, while analysts polled by FactSet expected it to earn 7…
Billionaire investor Leon Cooperman forecasts that the stock market and its hefty valuations could see losses this year, while long-duration Treasury yields could test higher again. “Everybody came into 2023 with a very negative view, and the market went up quite a bit. Everybody is now positive, and so my guess is that by the…
Check out the companies making headlines before the bell. Spotify — The streaming stock popped 7.4% after Spotify reported an increase in Premium subscribers — which reached 236 million in the fourth quarter — that beat analysts’ expectations as estimated by the FactSet consensus. Palantir — Shares of the data analytics provider surged more than…
Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year. The group posted a net loss attributable to shareholders of $279 million for the quarter. Analysts polled…
Check out the companies making headlines after hours. Palantir Technologies — Shares jumped 17% after Palantir posted a revenue beat in the fourth quarter. Revenue came in at $608.4 million versus the $602.4 forecast by analysts, according to LSEG, formerly known as Refinitiv. The company posted adjusted earnings of 8 cents per share, which was…
Ken Griffin, CEO of Citadel, at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund climbed 1.9% in January, following…
Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 4% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug manufacturer climbed about 10% on the back of an agreement to get taken over…
Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per share. Revenue of $4.28 billion exceeded…
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and is forecasting stronger profitability…
Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed’s interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts…
