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The Latest Breaking News from NYSE

Recap: Stellus Cap Investment Q1 Earnings

Stellus Cap Investment (NYSE:SCM) reported its Q1 earnings results on Wednesday, May 11, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

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Expert Ratings for Sun Communities

Within the last quarter, Sun Communities (NYSE:SUI) has observed the following analyst ratings:

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What 26 Analyst Ratings Have To Say About Carvana

Analysts have provided the following ratings for Carvana (NYSE:CVNA) within the last quarter:

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Why Is Dutch Bros Stock Plunging After Hours?

Dutch Bros Inc (NYSE: BROS) shares are falling in Wednesday's after-hours session after the company reported worse-than-expected earnings results and issued guidance below analyst estimates.

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Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…

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Disney Q2 Earnings Highlights: Parks Segment Up 110%, Disney+ Hits 137.7M Subs And More

Walt Disney Co (NYSE: DIS) reported second-quarter financial results after the market close Wednesday. Here are the key highlights.

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Google Looks To Tap India's Cricket Frenzy By Pitting Itself Against Amazon, Disney, Sony

Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) looks to bid for the broadcast rights of the Indian Premier League, Bloomberg reports. Google's interest in India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest, trailing only the Premier League and the National Football League in terms…

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What's Going On With GameStop Stock Today?

GameStop Corp (NYSE: GME) shares are trading lower Wednesday alongside several companies in the retail and apparel space amid overall market weakness as investors digest the latest U.S.

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RBC Capital Cuts Hudbay Minerals Price Target By 14%

RBC Capital analyst Sam Crittenden lowered the price target for HudBay Minerals Inc (TSX:HBM) (NYSE:HBM) to C$12 from C$14. The analyst maintained the Outperform rating on the shares. Crittenden stated that, despite what should be the year's weakest quarter, he continues to expect strong FCF and production growth from Hudbay in 2022. The analyst believes…

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Almost 400M COVID-19 Vaccine Doses Lost Due To Emergent's Baltimore Plant Fiasco

According to a recent report from the US House select subcommittee on the coronavirus crisis, Emergent Biosolutions Inc (NYSE:EBS) might have destroyed nearly 400 million doses of COVID-19 vaccines after failing to meet quality standards. Initially, 75 million - 85 million doses of drug substance were said to be destroyed after contamination. "Despite major…

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Expert Ratings for Trex Co

Analysts have provided the following ratings for Trex Co (NYSE:TREX) within the last quarter:

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Analyst Ratings for Hecla Mining

Over the past 3 months, 4 analysts have published their opinion on Hecla Mining (NYSE:HL) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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Ohio Lawyer Says Pharmacy Distributors To Pay $878M For Opioid Epidemic

A lawyer for two Ohio counties said that CVS Health Corp (NYSE:CVS), Walgreens Boots Alliance Inc (NASDAQ:WBA), and Walmart Inc (NYSE:WMT) should fund an $878 million plan addressing the opioid crisis, writes Reuters. In November, a federal jury decided that the companies created a public nuisance by flooding Ohio's Lake and Trumbull counties with addictive prescription pain…

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How To Play Disney's Stock Following Q2 Earnings

Walt Disney Co (NYSE: DIS) is set to print its second-quarter financial results after the market close on Wednesday. The stock was trading about 2.4% lower heading into the event.

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RBC Capital Bumps Up Suncor Energy Price Target By 12%

RBC Capital analyst Greg Pardy raised the price target for Suncor Energy Inc. (TSX:SU) (NYSE:SU) to C$47 from C$42 while maintaining the Sector Perform rating on the shares. The analyst states that Suncor’s Q1 results were solid while its conference call was uneventful. Pardy mentions that Suncor’s operating performance path will determine its relative market…

Benzinga

Why AMC Entertainment Stock Is Falling

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading lower Wednesday alongside several companies in the broader communications, media and entertainment industry amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

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General Mills Acquires Frozen Pizza Crust Maker TNT Crust

General Mills Inc (NYSE:GIS) has entered into a definitive agreement to acquire TNT Crust, a manufacturer of frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. The financial terms of the deal were not disclosed. TNT Crust is currently a portfolio company of Peak Rock Capital. GIS expects…

Benzinga

Looking Into Chipotle Mexican Grill's Recent Short Interest

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 10.77% since its last report. The company recently reported that it has 800.00 thousand shares sold short, which is 2.88% of all regular shares that are available for trading.

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Here's Why TSMC Warned Against Price Hike For Second Time Within One Year

Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) has warned clients for the second time after August against its plans to raise prices, to beat inflation concerns, rising costs, and its expansion plans to counter the global supply crunch, Nikkei Asia reports. TSMC, the leading contract chipmaker, looks to raise prices by "single-digit percentages" across mature…

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Block Shares Hit 52-Week Lows: What's Going On?

Block Inc (NYSE: SQ) shares are trading significantly lower Wednesday alongside several companies in the broader technology sector amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

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Beazer Homes Adopts New Stock Buyback Program

Beazer Homes USA Inc (NYSE:BZH) Board of Directors has approved a new share repurchase program for up to $50 million of its common shares. The new authorization replaces a prior share repurchase authorization under which $12 million was remaining. The company also reiterated its expectation to achieve a Net Debt to Net Capitalization…

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Jack Ma's Absence From His Conceived Alibaba Event Raises Curiosity Over His Role In Company

Alibaba Group Holding Limited (NYSE: BABA) founder Jack Ma went missing from its mass wedding ceremony, triggering curiosity over his role in the company,

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Life Time's Q1 Earnings Surpass Street View Aided By Pandemic Recovery

Athletic country club destination Life Time Group Holdings Inc (NYSE:LTH) reported first-quarter FY21 sales growth of 57.3% year-on-year to $392.3 million, beating the consensus of $356.56 million. Comparable center sales increased 50.3%. Center memberships rose 23.8% Y/Y. The operating expenses for the quarter rose 21.6% to $403.2 million. The operating loss for the quarter…

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Why Ford Shares Are Falling Today

Shares of several companies in the broader consumer discretionary space, including Ford Motor Company (NYSE: F), are trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

Benzinga

Mid-Afternoon Market Update: Dow Tumbles Over 100 Points; H&R Block Shares Spike Higher

U.S. stocks trade lower toward the end of trading, with the Dow Jones dropping more than 100 points on Wednesday.

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