Earnings
Molson Coors stock falls as company cites split in consumer spending on beer
A bottle of Molson Coors Brewing Co. Blue Moon brand beer Tiffany Hagler-Geard | Bloomberg | Getty Images Molson Coors Beverage is seeing a split emerge among its customers as inflation hits their wallets: Some beer drinkers are trading down, while others are still shelling out for pricier six-packs. Shares of the beverage company closed […]
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Uber CEO Dara Khosrowshahi breaks down second-quarter earnings and shift to services
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Uber CEO Dara Khosrowshahi joins CNBC’s ‘Squawk on the Street’ to break down the company’s latest quarterly earnings report, which showed the ride hailing company was cash-flow positive for the first time. Khosrowshahi also provides an outlook for the fall and weighs […]
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Uber CEO Dara Khosrowshahi on earnings: It was a strong quarter on top and bottom lines
Uber CEO Dara Khosrowshahi joins CNBC’s ‘Squawk on the Street’ to break down the company’s latest quarterly earnings report, which showed the ride hailing company was cash-flow positive for the first time. Source
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Ferrari boosts full-year guidance after a record second quarter
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images Ferrari raised its guidance for 2022 after reporting record results for the second quarter amid unprecedented demand for its high-priced sports and grand touring cars. The Italian supercar maker has been largely immune from […]
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Pinterest shares jump after Elliott confirms it’s the company’s largest investor
Shares of Pinterest jumped 14% Tuesday morning, a day after activist investor Elliott Management confirmed it’s Pinterest’s largest investor. The move comes despite Pinterest’s disappointing second-quarter earnings on Monday evening. “Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to […]
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Stocks making the biggest moves in the premarket: Caterpillar, Uber, Pinterest and more
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it […]
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Uber reports another big loss but beats on revenue, shares pop 10%
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in San Francisco, on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber reported a second-quarter loss on Tuesday but beat analyst estimates for revenue. Shares of Uber popped 10% in premarket trading. Here are the key numbers: […]
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Stocks making the biggest moves after hours: Pinterest, Simon Property Group, Avis Budget and more
Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company popped more than 19% despite a miss on the top and bottom lines as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly active user estimates. Simon Property Group — Simon Property’s […]
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Stocks making the biggest moves in the premarket: Boeing, Nio, Check Point Software and more
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing defense workers will vote on a new proposed labor agreement on Wednesday, averting – for now – a strike that could have begun today. Separately, sources tell CNBC the Federal Aviation Administration has approved inspection protocol revisions that should […]
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AbbVie’s mixed quarter doesn’t warrant a 5% stock drop. Here’s why
It wasn’t a clean quarter from AbbVie but Friday’s selloff is a bit confusing. Source
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