- NetApp (NASDAQ: NTAP) reported third quarter EPS of $1.94, $0.25 better than the analyst estimate of $1.69. Revenue for the quarter came in at $1.61B versus the consensus estimate of $1.59B. NetApp\'s stock price closed at $89.12. It is down -2.37% in the last 3 months and up 36.81% in the last 12 months....
-- US stock futures fell in evening deals on Thursday after Wall Street notched strong gains during the session, as some signs of cooling inflation drummed up optimism over falling interest rates in 2024. PCE price index data- the Federal Reserve’s preferred inflation gauge- eased slightly in January, as expected. The print spurred some bets...
CAPE CANAVERAL - Sidus Space, Inc. (NASDAQ: SIDU), a Space and Data-as-a-Service company, has announced a public offering of 1,321,000 shares of its Class A common stock at a price of $6.00 per share. The offering aims to raise approximately $7.9 million before deductions for underwriting discounts and offering expenses. The company has expressed its...
By Svea Herbst-Bayliss (Reuters) - Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp (NASDAQ:SBUX), recommending investors elect all of management\'s directors in a board fight over worker pay and the coffee chain\'s stock price. Late last year the Strategic Organizing Center (SOC), a coalition of North American labor...
(Reuters) - The grandchildren of Roy and Walt Disney (NYSE:DIS), founders of Walt Disney Co, have backed CEO Bob Iger and the board, while opposing activist investors encircling the company. The four grandchildren of Roy Disney - Roy P. Disney, Susan Disney Lord, Abigail E. Disney and Tim Disney - in an open letter to...
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -The S&P 500 and Nasdaq closed at record highs and the global equity index advanced on Thursday after a much anticipated U.S. inflation reading provided little surprise for relieved investors and helped push U.S. Treasury yields lower. The Nasdaq registered a record closing high for the...
By Munsif Vengattil and M. Sriram BENGALURU (Reuters) - A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani\'s entertainment ambitions with streaming tech prowess and lucrative cricket rights. Disney and Reliance on Wednesday put a value on their joint TV and streaming assets...
By Tatiana Bautzer, Nupur Anand and Shivansh Tiwary (Reuters) - New York Community Bancorp (NYSE:NYCB) replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent its shares tumbling. The bank named Alessandro DiNello, executive chairman...
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed\'s preferred inflation gauge, is expected to show...
By Harshita Mary Varghese (Reuters) -Theater chain AMC Entertainment (NYSE:AMC) on Wednesday posted a bigger-than-expected quarterly loss on higher distribution costs for Taylor Swift and Beyonce concert movies and lack of big releases from Hollywood studios after twin strikes. Shares of the Leawood, Kansas-based company fell 8.1% in trading after the bell. Several big titles...