MarketWatch.com - MarketPulseбез даты Текст источника в новой вкладке
MarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products.
Copyright 2018, MarketWatch, Inc.

 
 
1. Trump asks Schumer to White House to strike deal averting shutdown: report20:36[−]

President Donald Trump has reached out to Senate Minority Leader Charles Schumer, inviting him to the White House to try to strike a deal to avert a government shutdown, according to New York Times reporter Maggie Haberman. Without a deal before midnight the federal government would partially shut down for the first time since 2013.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


2. A.O. Smith stock rises toward record after dividend hike20:14[−]

Shares of A.O. Smith Corp. traded up 0.9% in midday trade Friday, putting them on track for a record close, after the maker of water heating equipment said it raised its quarterly dividend by 29%. The new dividend of 18 cents a share, which is up from 14 cents a share, will be payable Feb. 15 to shareholders of record on Jan. 31. At current share prices, the new annual dividend rate implies a dividend yield of 1.08%, compared with an implied yield for the S&P 500 of 2.02%, according to FactSet. "The company's strong balance sheet and cash-generating ability give us the confidence to increase our dividend," said Chief Executive Ajita Rajendra. The stock has rallied 40% over the past 12 months, while the S&P 500 has gained 24%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. 10-year Treasury yield seesaws around 3-year high as shutdown looms18:45[−]

The 10-year Treasury note yield is flitting around a 3-year high amid speculation that the federal government could go into a partial government shutdown if a stopgap spending bill is not passed. The yield for the benchmark maturity was at 2.635%, the highest since September 2014, according to Tradeweb. In addition, improving global growth and growing inflation concerns have put U.S. government paper under pressure. Debt prices fall when yields rise. Investing luminaries including Bill Gross of Janus Henderson and Jeffrey Gundlach of DoubleLine Capital have recently warned that a bond bear market could end the the record bull run in equities.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Dow industrials dragged lower in late-morning trade as IBM's stock drop cuts 40 points18:38[−]

The Dow Jones Industrial Average on Friday morning was being dragged lower on the back of a sharp decline in shares of International Business Machines Corp. The Dow component was down 3.7%, or about $6.14, which translates to a more than 40-point weight on the blue-chip benchmark. The slide in IBM's shares occurred despite fourth-quarter results that topped Wall Street estimates, and returning to revenue growth. IBM's shares has beaten earnings expectations for 13 straight quarters but its stock has still suffered. A $1 swing in any one of the Dow's components translates to a $6.83-point move in the benchmark. The Dow was most recently flat, with Armonk, N.Y.-based technology company anchoring the average lower. The S&P 500 index was up 0.2% at 2,803, while the Nasdaq Composite Index was showing a 0.2% gain at 7,311.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. ADT's stock opens below IPO price, which was already well below expectations18:25[−]

ADT Inc.'s stock opened at $12.65 on the NYSE at 10:21 a.m. ET, or 9.6% below the initial public offering price of $14. Since the open, the stock has traded in a range of $12.55 to $12.97. The home security services company's IPO had priced late Thursday well below the expected range of $17 to $19. The company sold 105 million shares in the IPO, before options granted to underwriters, to raise $1.47 billion, and to give the company a $10.5 billion valuation. ADT's IPO comes at a time when the Renaissance IPO ETF has gained 5.5% over the past three months and the S&P 500 has rallied 9.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. GE stock's 5-day plunge of 15% is its worst run in 9 years18:01[−]

General Electric Co.'s stock tumbled 3.6% in morning trade Friday, putting it on track to suffer the worst five-day stretch since the depths of the Great Recession, in the aftermath of the company's disclosure of a surprise massive loss in its legacy insurance business. The stock, which was trading at the lowest level seen since Dec. 2, 2011, has now plunged 15.0% amid a five-session losing streak. That would be the biggest five-day percentage decline since it plunged 17.0% in the five days ending March 6, 2009, which was the day after it closed at a 16 1/2-year low of $6.66. On Monday, GE said it take a fourth-quarter after-tax charge of $6.2 billion and make a $3 billion capital contribution to its insurance subsidiary that will grow to $15 billion by 2024. That follows GE's transformation plan announced in November, which also helped extend price declines. The stock has now shed 48% over the past 12 months, while the Dow Jones Industrial Average has rallied 32%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. U.S. stocks open higher, eye modest weekly gains17:35[−]

U.S. stock-market indexes opened slightly higher on Friday and were on track to book modest weekly gains. The S&P 500 and Nasdaq were trading above previous record closing levels, as investors shrugged off fears of a potential government shutdown. The S&P 500 rose 6 points, or 0.2%, to 2,804. The tech-heavy Nasdaq Composite index advanced by 19 points, or 0.3%, to 7,315. The Dow Jones Industrial Average rose 24 points, or 0.1%, to 26,028. All three indexes were set for weekly gains of less than 1%. Among the worst performers on Wall Street, shares of IBM sank in the wake of fourth-quarter results.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Facebook seeing strong early traction for new video platform: analyst17:34[−]

A new Morgan Stanley survey found strong early interest in Facebook Watch, the company's newly launched video platform. Morgan Stanley analyst Brian Nowak wrote Friday that 40% of Facebook Inc. use Facebook Watch weekly, while 24% of them use it daily. "We are encouraged (and admittedly surprised) by this early Watch traction as it speaks to Facebook's ability to drive adoption of new products," Nowak wrote. "We view Watch (and video) as the next key long-term driver of Facebook engagement and monetization." Three-quarters of survey respondents who use Facebook Watch said they view videos shorter than 20 minutes every week through the platform, while half reported weekly viewings of videos that were longer than 20 minutes. Nowak wrote that these patterns are similar to what the firm has observed among viewers of Alphabet Inc.'s YouTube service. YouTube remains the leader for video consumption, he added. Facebook shares are up 41% over the past 12 months, while Alphabet shares have gained 38% and the S&P 500 is up 24%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Amazon raises the monthly Prime membership fee by nearly 20%17:33[−]

Amazon.com Inc. has raised the cost of its monthly Prime membership fee to $12.99 from $10.99, a nearly 20% rise. The $99 cost of the full-year Prime membership has not changed. In October, Amazon launched a Prime Student offer at $5.49 per month, which is now $6.49. Prime Video membership will stay at $8.99. Amazon said more than four million people started Prime trials or started paid memberships in one week during the holiday season. Amazon shares are up 1% in Friday trading and up 60% for the past 12 months. The S&P 500 index is up 23.6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. IBM's post-earnings stock selloff cuts Dow's gain by more than half17:20[−]

Shares of International Business Machines Corp. sank 3.1% in premarket trade Friday, in the wake of fourth-quarter results, which would cut the Dow Jones Industrial Average's gain by more than half. IBM's stock price decline of $5.22 would shave about 36 points off the Dow, while Dow futures were up about 22 points. The stock's pullback comes after it had run up 10% so far in 2018 to close Thursday at a nine-month high. A stock selloff after earnings isn't much of a surprise, as it is on track to suffer the 12th one-day, post-earnings decline in the past 14 quarters. Meanwhile, IBM has beat earnings-per-share expectations for 13-straight quarters.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Apple poised to beat iPhone ASP estimates: analyst16:58[−]

Apple Inc. shares were little changed in premarket trading Friday after analysts at Mizuho predicted that the company would beat average selling price estimates for the latest quarter when it reports results Feb. 1. "IPhone ASP expectations seem very low," wrote Mizuho's Abhey Lamba, who predicts an average selling price of between $780 and $790 for the device, above consensus estimates for $752. His prediction for 80 million to 81 million iPhone units sold during the December quarter also implies upside to consensus figures. "We continue to see healthy upgrade activity within the installed base which, along with better services contribution, should help the company perform," Lamba wrote. He raised his price target on Apple shares to $175 from $160 but kept his neutral rating on the stock. Apple shares are up 50% over the past 12 months, while the Dow Jones Industrial Average is up 32%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. MoviePass is at the Sundance Film Festival with plans to co-acquire films16:46[−]

MoviePass, the $10-a-month subscription service allowing members to see a movie a day in theaters, is now diving into film financing. The company, majority owned by data analytics firm Helios & Matheson Analytics Inc. traveled to the Sundance Film Festival in Park City, Utah to launch MoviePass Ventures. The new project's aim will be to co-acquire films with distributors, and MoviePass Ventures will be a wholly-owned subsidiary of the company. Helios and Matheson Chief Executive Ted Farnsworth told MarketWatch ahead of Sundance that MoviePass planned to have a big presence at the film festival. Shares of Helios and Matheson were up nearly 3% in premarket trade and have gained 143% in the last 12 months. By comparison, the S&P 500 index is up roughly 24% and the Dow Jones Industrial Average is up close to 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Chip pricing trends could boost AMD, Nvidia and Micron results: analyst16:42[−]

Chip pricing trends remain strong, according to Mizuho analyst Vijay Rakesh, and he thinks that could bode well for Advanced Micro Devices Inc. , Nvidia Corp. , Micron Technology Inc. and Western Digital Corp. in the first half of the year. Sold-state drive (SSD) pricing looks "robust," Rakesh wrote, and "should be a tailwind for Micron and WDC." Meanwhile, regarding graphics processing unit (GPU) pricing, Rakesh thinks the trends continue to suggest "tight inventory and availability." Accordingly, he sees upside potential for Nvidia's and AMD's GPU segments for the December and March quarters. "We believe it is key to understand that pricing reflects more of a stronger GPU demand and tight GPU inventory than a pricing tailwind," he added. Nvidia shares are up 113% over the last 12 months, while AMD's stock is up 28%. The Philadelphia Semiconductor Index has risen 49% in that time, compared with a 24% gain for the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Square stock jumps after Instinet raises price target to $64, new Street-high16:30[−]

Shares of Square Inc. rose 3.8% in premarket trading Friday after analysts at Instinet raised their target price to $64, by far the highest among Wall Street analysts tracked by FactSet. The analysts, led by Dan Dolev, believe that an inflection in GPV growth will help Square keep transaction yield stable even as large sellers become a more important part of the business. They also see Square's margins expanding as the company's Square Capital lending business expands and as the company generates continued momentum for its software offerings. Dolev's price target suggests more than 50% upside from current levels, though he wrote that "analogous to Amazon or Google in their early days, little of this upside is evident using conventional valuation methodologies." Square shares are up 173% over the past 12 months, while the S&P 500 Index is up 24% in that time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Chipotle's stock gains after Raymond James upgrade16:27[−]

Shares of Chipotle Mexican Grill Inc. tacked on 0.7% in premarket trade Friday, after Raymond James finally backed off from its bearish stance on the Mexican food quick-service restaurant chain, saying it no longer sees material downside risk to 2018 estimates. Analyst Brian Vaccaro raised his rating to market perform, after being at underperform for the past 15 months. Vaccaro said his view of a more stable earnings outlook comes after Chipotle confirmed earlier this week menu price increases impacting nearly half its restaurants, and given stabilizing industry demand trends. "While not out of the woods given 4Q traffic likely remained negative and [quarter-to-date] trends were likely negatively impacted by another norovirus incident in late December (Los Angeles), we view the stock as fairly valued on firmer 2018 estimates and see a more neutral risk/reward from current levels," Vaccaro wrote in a note to clients. The stock has gained 3.8% over the past three months through Thursday, but has lost 17.5% over the past 12 months, while the S&P 500 has gained 23.6% the past year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Nike's stock jumps after rating, price target raised16:02[−]

Shares of Nike Inc. rallied 1.1% in premarket trade Friday, after the athletic gear company was upgraded at Wedbush, which cited increasing confidence that an inflection in margin and a return to growth in North America will materialize in fiscal 2019, which begins in June of this year. Analyst Christopher Svezia raised his rating to outperform from neutral, and boosted his stock price target to $74 from $57. He said fiscal fourth-quarter 2018 results, which ends in May, should show overall gross margin expansion for the first time in 10 quarters, as pricing pressure on footwear subsides and direct-to-consumer sales increase. In addition, Svezia said there are more "tangible product drivers to the story around casual and lifestyle that should resonate and be more impactful to consumers." The stock has soared 21.7% over the past three months, while the Dow Jones Industrial Average has gained 12.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. Lincoln Financial to buy Liberty Life Assurance Co. of Boston for $3.3 billion15:42[−]

Lincoln Financial Group said Friday it will pay $3.3 billion to buy Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Group. Under terms of the deal, which is expected to close in the second quarter of 2018, Lincoln Financial's payment consists of $1.45 billion total net investment for the group benefits business, which includes a purchase price of $1.02 billion and $425 million in required capital. The deal also includes $1.20 billion associated with excess capital in LLAC, $4210 million of individual life and annuity value paid by Protective Life and $211 million of tax items. "Through this transaction, Lincoln Financial will have a significantly increased presence in the group benefits market by complementing our existing small to middle-market strengths with even deeper large case and disability expertise," said Chief Executive Dennis Glass. The stock, which was still inactive in premarket trade, has rallied 24.6% over the past 12 months, while the SPDR S&P Insurance ETF has gained 12.1% and the S&P 500 has climbed 23.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. Acorda shares jump 20% premarket on talk of possible takeover by Biogen, other suitors15:42[−]

Shares of biotech Acorda Therapeutics Inc. surged 20% in premarket trade Friday, after media reports that Biogen Inc. and others are eyeing the company as a possible takeover target. The speculation has been swirling for more than a week. On Thursday, the company offered preliminary guidance for 2017 sales of $542 million, an increase of approximately 10% from 2016. The FactSet consensus is for sales of $568 million. Chief Executive Ron Cohen said he expects 2018 to be a transformative year and for the company to achieve approval and launch its Inbrija investigational inhaled levodopa treatment for symptoms of OFF periods in people with Parkinson's disease taking carbidopa/levodopa. Shares have gained 21% in the last 12 months, while the S&P 500 has gained about 24%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Genesee & Wyoming Q4 total carloads rise despite decline in North America15:26[−]

Genesee & Wyoming Inc. reported Friday fourth-quarter traffic volumes, which showed a 4.7% increase from a year ago to 802,428 total carloads, but a 3.4% decline in same-railroad carloads to 740,816. In North America, the railroad operator said total carloads declined 1.9% and same-railroad carloads fell 3.2%, amid 15% tumbles in coal & coke and metallic ores and a 10% drop in agricultural products, which was partially offset by a 15% increase in auto & auto parts and a 9.8% rise in minerals & stone. Outside of the U.S., the Australian operations, which is majority owned by Genesee & Wyoming, saw total carloads jump 61%, while U.K./European operations had a 2.6% decline. The stock, which was still inactive in premarket trade, has gained 9.5% over the past 12 months, while the Dow Jones Transportation Average has rallied 22.9% and the Dow Jones Industrial Average has climbed 31.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Travel retailer Hudson sets IPO terms, to offer 34.9 million shares at $19 to $21 a pop15:18[−]

Travel retailer Hudson Ltd. set the terms for its planned initial public offering on Friday, saying it will offer 34.9 million shares priced at $19 to $21 each. The company is planning to list on the New York Stock Exchange, under the ticker symbol "HUD". Credit Suisse, Morgan Stanley, UBS, BofA Merrill Lynch and Goldman Sachs are lead managers with Banco Santander, BBVA, BNP Paribas, Credit Agricole, HSBC, Natixis, Raiffeisen Centrobank and Unicredit acting as co-managers. Hudson has 989 stores in 88 locations across North America, according to its prospectus, many of them in airports. Sales totaled $1.7 billion in the 12 months to end September, 2017.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. Schlumberger adjusted profit, revenue beat expectations15:14[−]

Schulmberger Ltd. reported Friday a fourth-quarter net loss that widended to $2.26 billion, or $1.63 a share, from $204 million, or 15 cents a share, in the same period a year ago. Excluding non-recurring items, such as impairment and other charges, adjusted earnings per share came to 48 cents, which beat the FactSet consensus of 44 cents. Revenue rose 15% to $8.18 billion from $7.11 billion, above the FactSet consensus of $8.12 billion, amid 59% growth in North America revenue to $2.81 billion, which was partially offset by a 4% decline in Middle East & Asia revenue to $2.40 billion. The oil services company said it expects strong growth in demand in the oil market to continue in 2018, which should boost investment appetite and availability of financing for North American shale oil production. The stock, which slipped 0.2% in premarket trade, has rallied 18.4% over the past three months, but was still down 12.4% over the past 12 months. In comparison, the VanEck Vectors Oil Services ETF has lost 17.4% over the past year and the S&P 500 has climbed 23.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. San Francisco Fed President John Williams is up for No. 2 Fed post: report04:26[−]

John Williams, president of the San Francisco Federal Reserve, is being considered by the White House to become vice chairman of the Federal Reserve Board in Washington, the Wall Street Journal reported Thursday. That would put him in the No. 2 position behind new Fed Chairman Jerome Powell. The Journal reported that other candidates for the job include Pimco director Richard Clarida, former Fed official Lawrence Lindsey and former Pimco CEO Mohamed El-Erian.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. House passes stopgap spending bill, but Democrats may block in Senate03:57[−]

The House passed a short-term spending bill late Thursday in at attempt to avert a government shutdown, but the bill still faces a major hurdle in the Senate, where it is scheduled to be voted on later Thursday night. After days of negotiations, the 230-197 vote in the House won the approval of holdout conservatives, but Senate Democrats say they have the votes to block the legislation. The government will shut down at midnight Friday if no bill is passed.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. Trump lawyer used shell company to pay off ex-porn star: report03:14[−]

President Donald Trump's personal attorney used a shell company and pseudonyms to pay for a former porn star's silence over claims that she had a sexual encounter with Trump, according to a Wall Street Journal report Thursday. Citing corporate documents and confidential sources, the Journal reported Michael Cohen opened a private Delaware company in October 2016 and then used a bank account linked to the company to pay $130,000 to Stephanie Clifford, also known as Stormy Daniels, in exchange for a nondisclosure agreement. Both parties used pseudonyms to mask the transaction, the Journal said. Cohen, however, used his own name as an "authorized person" for the company, the Journal reported, rather than hiring a lawyer for that task to hide his identity. Cohen told the Journal last week that Trump denies the claims. This week, the magazine In Touch Weekly ran a 2011 interview with Clifford in which she describes the 2006 sexual encounter with Trump, though she has since denied details of the affair.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. ADT prices IPO below target03:02[−]

ADT Inc. said Thursday that it is pricing its initial public offering at $14 a share, which is below the $17 to $19 range the company targeted. The company is expected to start trading Friday and is listed on the New York Stock Exchange under the ticker "ADT." At $14 a share, the company has raised about $1.6 billion, suggesting a market capitalization of just over $10 billion. Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank Securities, and RBC Capital Markets are acting as joint book-runners for the IPO. Private equity firm Apollo Global Management took the firm private in a $6.9 billion leveraged buyout in February 2016. Apollo will continue to own a majority stake, making it a "controlled company" under NYSE rules. According to the company's prospectus, a survey found that ADT has 95% brand awareness. ADT hasn't yet released its 2017 financial results and has only been able to offer investors expectations ahead of the IPO.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. HSBC paying $101 million to settle charges it front-ran clients with currency trades01:23[−]

HSBC Holdings will pay a $63.1 million penalty and $38.4 million in disgorgement and restitution to settle charges it conducted front-running of two of its clients. According to the Justice Department, on two separate occasions in 2010 and 2011, traders on its foreign exchange desk misused confidential information provided to them by clients that hired HSBC to execute multi-billion dollar foreign exchange transactions involving the British Pound Sterling. HSBC previously settled with one of its victims, paying $8 million to Cairn Energy . The Justice Department didn't identify the other client.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. American Express to halt share buyback program thanks to $2.6 billion tax charge00:26[−]

Shares of American Express Co. fell 2% late Thursday after the credit-card company posted a surprise GAAP quarterly loss and said it has suspended its stock buyback program for now, thanks to a tax charge related to the U.S. tax overhaul. American Express said it lost $1.2 billion, or $1.41 a share, in the fourth quarter, versus earnings of $825 million, or 88 cents a share, in the year-ago period. Adjusted for one-time items, including a $2.6 billion tax charge, the company said it earned $1.58 a share in the quarter. Revenue rose to $8.84 billion, compared with $8.02 billion a year ago. Analysts polled by FactSet had expected GAAP earnings of 72 cents a share and adjusted earnings of $1.54 a share on sales of $8.72 billion. "We ended the year with record billings and strong loan growth," which helped drive the revenue increase, Chairman and Chief Executive Kenneth Chenault said in a statement. Card member spending rose 11% and loans grew 14% in the quarter. The $2.6 billion charge "reduced our capital ratios," the company said. American Express will continue to pay its quarterly dividend at the same level but plans to halt its share buyback program for the first half of 2018 "in order to rebuild our capital," it said. American Express said it expected 2018 earnings to be between $6.90 a share and $7.30 a share. "I feel very good about the progress we've made throughout 2017 and will be leaving American Express in very strong hands when Steve Squeri succeeds me as chairman and chief executive officer at the end of this month," Chenault said. Shares of American Express ended the regular trading session down 0.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Atlassian stock falls from record high after earnings beat00:23[−]

Atlassian Corp. PLC shares fell in the extended session Thursday after the enterprise software company released fiscal second-quarter results, which beat revenue and earnings expectations. Atlassian shares fell 3.8% to $53.48 after hours. The stock closed at a record high of $55.60 during the regular session Thursday. The company reported a fiscal second-quarter net loss of $65.2 million, or 28 cents a share, compared with a loss of 1.6 million, or one cent a share, in the year-ago period. Adjusted earnings were 13 cents a share. Revenue rose to $212.6 million from $148.9 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings 12 cents a share on revenue of $204.5 million. For the fiscal third quarter, analysts model adjusted earnings of 11 cents a share on revenue of $215.2 million. Atlassian stock has gained 104% in the last 12 months, with the S&P 500 index rising 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. IBM walks back weekly share gains after results top Street view00:19[−]

International Business Machines Corp. shares fell in the extended session Thursday after the company topped Wall Street estimates following a run-up in shares. IBM shares fell 3.1% to $163.87 after hours, following a 0.3% gain for the regular session and a 3.7% advance for the week. The company reported a fourth-quarter loss of $1.05 billion, or $1.14 a share, compared with net income of $4.5 billion, or $4.72 a share, in the year-ago period. Adjusted earnings were $5.18 a share. Revenue rose to $22.54 billion from $21.77 billion in the year-ago period, snapping a 22-quarter streak of revenue declines. Analysts surveyed by FactSet had estimated adjusted earnings of $5.17 a share on revenue of $22.05 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. Texas Instruments names new chief executive00:13[−]

Texas Instruments Inc. said Thursday that Chief Executive Rich Templeton will transition to a chairman role and be replaced by current Chief Operating Officer Brian Crutcher. Templeton has been CEO of TI for 14 years, and will continue in the role until June 1, when Crutcher will take over. "The directors have had a number of years to assess Brian's ability, results and style, and we are highly confident he is TI's next great leader," TI lead director Wayne Sanders said in Thursday's announcement. Crutcher has worked for TI for 22 years, and was promoted to chief operating officer and added to the board of directors last year. The chip maker's stock hit an all-time intraday high of $119.98 Thursday before falling to a daily decline of 2.3% with a close of $116.41. Shares gained about 0.4% in after-hours trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
Каталог RSS-каналов (лент) — RSSfeedReader
Всего заголовков: 30
По категориям:
Все заголовки
По датам:
Все заголовки
2018-01-19, Пт. (30)
По авторам:
Все заголовки