Pre-Open Stock Movers 10/23: (SAVA) (SLDB) (SAM) Higher; (LLNW) (USX) (INTC) Lower (more...)
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
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- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Ultragenyx Pharma (RARE) Tops Q3 EPS by 14c, Revenues Beat
October 27, 2020 4:45 PM EDTUltragenyx Pharma (NASDAQ: RARE) reported Q3 EPS of ($1.13), $0.14 better than the analyst estimate of ($1.27). Revenue for the quarter came in at $81.5 million versus the consensus estimate of $53.89 million.
Third quarter 2020 total revenue of $81.5 million and Crysvita revenue of $37.3 millionIncreased lower end of... MoreArgus Reiterates Buy Rating on Seagate Technology (STX)
October 27, 2020 7:14 AM EDTArgus analyst Jim Kelleher reiterated a Buy rating and $57.00 price target on Seagate Technology (NASDAQ: STX) following the company's 1Q earnings report. Seagate slightly missed consensus revenue expectations, but exceeded the consensus EPS estimate.
Going forward, the enterprise market is expected to... More
Boston Beer (SAM) Jump 10% as Truly Powers Results, Has Wall Street Cheering
October 23, 2020 9:44 AM EDTShares of The Boston Beer Company (NYSE: SAM) are trading about 10% higher in early action Friday after the company reported its revenue grew over 30% compared to a year ago, driven by its Truly Hard Seltzer. Better-than-expected numbers pushed analysts at Citi and Guggenheim, among others, to raise their price target on SAM.
3Q20 EPS was reported at $6.51, which is 78% higher compared to 2019. This number also easily exceeded the consensus of $4.50. Shipments rose 30.5% YoY while net sales were up 30.2%. Gross margins... More
