Check out the companies making headlines in after-hours trading: Health-care stocks — Shares of Humana , CVS Health and UnitedHealth jumped after The Wall Street Journal reported that the Trump administration will raise payment rates for Medicare insurers next year to 5.06%, higher than the 2.23% increase the Biden administration had proposed. Humana gained more than 13%, while CVS Health and UnitedHealth advanced more than 7% and about 6%, respectively. Levi Strauss — The clothing stock rose more than 1% after the company reported its first-quarter results . Levi Strauss reported adjusted earnings of 38 cents per share, a 52% jump compared to the prior-year period. Revenue of $1.53 billion for the period also marked a 3% jump compared to last year. Greenbrier — Shares of the railcar manufacturer fell 4% on the back of the company dialing back its revenue guidance for the full year. Greenbrier now sees revenue ranging from $3.15 billion to $3.35 billion, compared to previous guidance of $3.35 billion to $3.65 billion. Dave & Buster’s — Shares of the owner and operator of entertainment and dining venues climbed nearly 2% on the heels of its fourth-quarter adjusted earnings, which came in at 69 cents per share. That is above the 67 cents per share that analysts polled by FactSet were expecting. Revenue, however, came in weaker than anticipated, with the company posting $534.5 million for the quarter versus the consensus estimate of $544.7 million. Broadcom — The semiconductor stock moved more than 2% higher following the company’s authorization of a new $10 billion share repurchase program , effective through Dec. 31.
An exterior view of a CVS pharmacy in Danville, Pennsylvania.
Paul Weaver | Lightrocket | Getty Images
Check out the companies making headlines in after-hours trading:
Health-care stocks — Shares of Humana, CVS Health and UnitedHealth jumped after The Wall Street Journal reported that the Trump administration will raise payment rates for Medicare insurers next year to 5.06%, higher than the 2.23% increase the Biden administration had proposed. Humana gained more than 13%, while CVS Health and UnitedHealth advanced more than 7% and about 6%, respectively.
Levi Strauss — The clothing stock rose more than 1% after the company reported its first-quarter results. Levi Strauss reported adjusted earnings of 38 cents per share, a 52% jump compared to the prior-year period. Revenue of $1.53 billion for the period also marked a 3% jump compared to last year.
Greenbrier — Shares of the railcar manufacturer fell 4% on the back of the company dialing back its revenue guidance for the full year. Greenbrier now sees revenue ranging from $3.15 billion to $3.35 billion, compared to previous guidance of $3.35 billion to $3.65 billion.
Dave & Buster’s — Shares of the owner and operator of entertainment and dining venues climbed nearly 2% on the heels of its fourth-quarter adjusted earnings, which came in at 69 cents per share. That is above the 67 cents per share that analysts polled by FactSet were expecting. Revenue, however, came in weaker than anticipated, with the company posting $534.5 million for the quarter versus the consensus estimate of $544.7 million.
Broadcom — The semiconductor stock moved more than 2% higher following the company’s authorization of a new $10 billion share repurchase program, effective through Dec. 31.
Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]
ETF Edge Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade Published Sat, Jan 17 202610:28 AM EST Krysta Escobar WATCH LIVE Source
