Shares of Intel Corp. are down 10.7% in Friday morning trading after the company posted September-quarter results that showed a bigger drop off in data-center sales than analysts were expecting. Bank of America Merrill Lynch analyst Vivek Arya downgraded the stock to underperform from neutral following the report, writing that there seemed to be “no
U.S. stocks saw a positive start on Friday as investors eyed the chances of a fiscal aid package being passed before the presidential election. The S&P 500 rose 0.3% to 3,463. The Nasdaq Composite was up 0.1% to 11,518. The Dow Jones Industrial Average advanced 43 points, or 0.2%, to 28,407. Even if lawmakers are
Shares of Illinois Tool Works Inc. were indicated up more than 1% in premarket trading Friday, after the multi-industrial manufacturer reported third-quarter profit and revenue that fell, amid the negative impacts of the COVID-19 pandemic, but beat Wall Street expectations. Net income declined to $582 million, or $1.83 a share, from $660 million, or $2.04
Shares of Socket Mobile Inc. more than doubled (up 108%) on heavy volume to pace all premarket gainers Friday, after the maker of barcode scanners reported a more-than quadrupling in third-quarter profit, although the company warned that results weren’t complete and subject to goodwill impairment. Trading volume ballooned to 5.8 million shares, enough to make
Bloomin’ Brands Inc. shares rose 2.8% in Friday premarket trading after the restaurant company reported third-quarter losses that were narrower than expected. Net loss totaled $17.6 million, or 20 cents per share, after net income of $9.2 million, or 11 cents per share, last year. An adjusted loss of 12 cents per share was narrower
Shares of American Express Co. sank 2.7% in premarket trading Friday, after the credit card and travel services company reported a third-quarter profit that missed expectations, while revenue topped forecasts. Net income fell to $1.07 billion, or $1.30 a share, from $1.76 billion, or $2.08 a share, in the year-ago period, below the FactSet consensus
Shares of Intel Corp. tumbled 9.7% in premarket trading Friday, to pace the handful of Dow Jones Industrial Average losing ground, after the chip maker reported disappointing third-quarter results. The implied price decline would shave about 35 points off the Dow’s price, while Dow futures rose 82 points, or 0.3%. The stock is on track
Coronavirus tally: Global cases of COVID-19 41.8 million, 1.14 million deaths and FDA approves remdesivir as treatment
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 41.8 million on Friday, according to data aggregated by Johns Hopkins University, while the death toll rose to 1.14 million. The U.S. has the highest case total at 8.4 million and deaths at 223,051. There was good news on the medical
Shares of Autoliv Inc. rallied 2.2% in premarket trading, after the Sweden-based maker of automotive safety systems reported a third-quarter profit and sales that rose above expectations and provided an upbeat full-year outlook. Net income rose to $175 million, or $1.12 a share, from $154 million, or 98 cents a share, in the year-ago period.
Shares of eHealth Inc. fell 10% in the extended session Thursday despite a quarterly beat for the online health insurance marketplace. EHealth said it lost $14.5 million, or 55 cents a share, in the third quarter, compared with a net loss of $11 million, or 47 cents a share, for the third quarter of 2019.