Costco Shares Down Following Mixed Earnings Results
Costco shares were down by 2% after the market's close on Thursday night after the company released its fiscal second-quarter earnings results. The big box retailer's earnings results appeared mostly mixed, however, most metrics beat expectations.
Revenue for the period was $55.27 billion, narrowly missing...
Stocks Decline as Volatile Month Wraps Up
U.S. stocks declined on Tuesday, thereby wrapping up a volatile month of trading in February. This comes after all three New York indexes edged higher on Monday to rebound from the largest weekly loss of the year.
The S&P 500 declined by 0.3% on Tuesday,...
Block Stock Rises Following Positive Quarterly Earnings Results
Shares in payments company Block rose by almost 5% during after-hours trading on Thursday after the company reported fourth-quarter financial results that beat Wall Street estimates. The company stated that its customers' spending remained resilient despite tightening economic conditions.
Block's revenue for the fourth quarter...
DraftKings Stock Soars as Earnings Beat Expectations
DraftKings stocks surged by 17% during early trading on Friday as the sports betting company posted better-than-expected fourth-quarter financial results.
While the company experienced an adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) loss, the size of the loss was significantly less than expected....
Sigma Lithium Shares Surge as Tesla Considers Buyout
Sigma Lithium Corp's U.S. shares soared by 21% during extended trading on Friday after it was reported that Tesla is looking to buy out the Canada-based battery metals miner.
According to a Bloomberg report, Tesla is in the process of speaking with potential advisors about...
Carvana Surges By 6% Following Turbulent Week
Carvana stock surged by 6% by the market's close on Wednesday after experiencing an already turbulent week and year. The online car retailer's stock has skyrocketed by over 200% for the year to date.
Having been heavily shorted with 67% of its float consisting of...