Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3%…
Check out the companies making headlines in midday trading: Okta — Shares surged 24% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million…
Check out the companies making headlines in midday trading. General Motors — Shares jumped 5% after the automaker said it would raise its quarterly dividend by 25% to 15 cents per share. GM also initiated a $6 billion share repurchase plan, with $2 billion in buybacks planned for the second quarter. Anheuser-Busch InBev — Shares…
Check out the companies making headlines in midday trading. Solventum — Shares surged roughly 10% after the health-care company announced it would sell its purification and filtration business to Thermo Fisher Scientific for $4.1 billion. The transaction is expected to wrap up by the end of 2025. Sempra — The utility stock plunged 20%. Sempra…
Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts’ expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings and $5.18 billion in revenue, per…
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump‘s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to…
Check out the companies making headlines after the bell : Howard Hughes Holdings — Shares slipped about 5% after Pershing Square’s Bill Ackman upped his takeover offer for the real estate company , vowing to turn it into a “modern-day” Berkshire Hathaway. Ackman said Tuesday that his firm submitted a proposal to acquire 10 million…
Check out the companies making headlines after the bell : GameStop — The video game retailer and meme-stock favorite jumped 7% in extended trading. GameStop is considering investing in bitcoin and other cryptocurrencies, sources familiar with the matter told CNBC. The company is still figuring out whether the move would make sense for GameStop’s business,…
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t…
Check out the companies making headlines in midday trading: McDonald’s — The fast-food giant jumped 5% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% topped…
