Shares of Etsy Inc. were up more than 3% in after-hours trading Thursday after the online crafts marketplace easily topped expectations with its holiday-quarter results and issued an upbeat forecast. The company reported fourth-quarter net income of $149 million, or $1.08 cents a share, up from $31 million, or 25 cents a share, in the year-earlier quarter.
Bonds have been shunned by many investors as rock bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield jumped 9 basis points to hit a high above 1.49% on Thursday, reaching its highest level since February 2020.
DraftKings is set to report fourth-quarter results Friday morning. Analysts expect the company's sales to come in 75% higher than in the third quarter. Shares of the online sports betting firm (ticker: DKNG) have surged roughly 230% since the company went public via a merger with a special purpose acquisition company in April.
Shares of Velodyne Lidar Inc. fell Friday after a wider-than-expected fourth-quarter loss, as the lidar sensor maker continued to lower prices to entice new customers. The company reported late Thursday a net loss that widened to $111.5 million, 64 cents a share, from $27.7 million, or 21 cents a share, in the year-ago period.
Nvidia Corp. shares declined Thursday after the chip maker's strong results and outlook met with some pushback from analysts on the company's data-center business. Late Wednesday, Nvidia reported quarterly sales that surpassed the $5 billion mark for the first time on record gaming card sales and data-center sales that -while they were up 97% from a year ago - were flat sequentially, matching last quarter's record highs.
International Consolidated Airlines Group SA said Friday that it swung to a 2020 net loss as revenue fell, and that it isn't providing any guidance for 2021 due to uncertainty stemming from the coronavirus pandemic.
Salesforce shares fell as much as 4% in extended trading on Thursday after the enterprise-software company issued earnings that exceeded analysts' estimates, but Salesforce came up short on its full-year earnings forecast as it factors in the implications of buying team communication app Slack. Here's how the company did: Earnings: $1.04 per share, adjusted, vs.
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Shares of Select Medical Holdings Corp. soared 19.5% toward a record in morning trading Friday, after the medical rehabilitation services company reported a fourth-quarter profit that rose well above expectations and provided an upbeat outlook, prompting BofA Securities analyst Kevin Fischbeck to swing to bullish from bearish.
Shares of AMC Networks Inc. were indicated up about 2% in premarket trading Friday, with the media company, which TV channels include AMC, IFC, SundanceTV and BBC America, reported fourth-quarter profit and revenue that were well above expectations, citing strength in its streaming services.
HP Inc. shares spiked 4% Thursday after the computer maker released holiday earnings earlier than expected and showed a $1 billion jump in quarterly sales. The company reported net earnings of $1.1 billion, or 92 cents a share, compared with net earnings of $700 million, or 46 cents a share, in the year-ago quarter.
Shares of Foot Locker Inc. tumbled 9.0% in premarket trading Friday, after the athletic footwear and accessories retailer reported a fiscal fourth-quarter profit that beat expectations, but surprise declined in net and same-store sales. Net income for the quarter to Jan.
Shares of S&P Global Inc. slid 0.37% to $330.55 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.45% to 3,829.34 and Dow Jones Industrial Average falling 1.75% to 31,402.01. S&P Global Inc.
GameStop - Shares of the gaming retailer surged 61%, building on their massive surge during the regular trading session as traders weighed a C-suite shuffle at the company. Pure Storage - Pure Storage shares gained 4.9% after the data-storage company's revenue beat analyst expectations.
Domino's Pizza Inc. stock fell 4.9% in Thursday premarket trading after the pizza delivery company missed fourth-quarter earnings and revenue expectations. Net income totaled $151.9 million, or $3.85 per share, up from $129.3 million, or $3.12 per share, last year. Adjusted EPS of $3.46 missed the FactSet consensus for $3.89.
Norwegian Cruise Line Holdings on Thursday reported a wider-than-expected fourth-quarter loss but offered positive guidance for 2022, as the cruise operator tries to look beyond the coronavirus pandemic. Shares of the Miami company at last check were off 2.7% to $30.43. Peer cruise operator Royal Caribbean Group was off 3.3% at $93.44, while Carnival Corp.
Papa John's International Inc. shares fell 7.5% in Thursday premarket trading after the pizza delivery company reported fourth-quarter earnings that missed expectations. Net income totaled $9.3 million, or 28 cents per share, after a loss of $5.6 million, or 18 cents per share, last year.
Best Buy Co Inc. shares fell 5.4% in Thursday premarket trading after the consumer electronics retailer reported fiscal fourth-quarter revenue that missed expectations. Net income totaled $816.0 million, or $3.10 per share, up from $745.0 million, or $2.84 per share. Adjusted EPS of $3.48 was up from $2.90 last year and ahead of the FactSet consensus of $3.47.
By Anthony O. Goriainoff BAE Systems PLC said Thursday that 2020 pretax profit fell after it booked higher costs and that it was well placed to deliver profitable top-line growth with increasing cash conversion in the coming years. The U.K. defense-and-aerospace group said this was due to its large order backlog, incumbent program positions and its evolving pipeline of opportunities.
By Ian Walker Anheuser-Busch InBev SA on Thursday reported a rise in fourth-quarter net profit as it booked much lower finance costs--beating market forecasts--and said that it expects to report improved earnings for 2021 compared with 2020. The world's largest brewer--with brands such as Budweiser, Stella Artois and Corona--said own-beer volumes rose 1.8% in the fourth quarter on an organic basis.