Shares of Uber Technologies Inc and Lyft Inc jumped in premarket trading on Wednesday, as Wall Street cheered the app-based firms' projected victory in their battle to set the terms of the gig economy they have helped create.
Ellington Financial EFC is scheduled to report third-quarter 2020 results, after market close on Nov 5. The company’s revenues and earnings are expected to have witnessed year-over-year declines.
Lear Corporation’s LEA third-quarter 2020 adjusted earnings came in at $3.73 per share, surpassing the Zacks Consensus Estimate of $3.22. Higher-than-expected revenues from both the company’s segments led to the outperformance. It recorded earnings of $3.56 per share in third
Essential Utilities Inc. WTRG reported third-quarter 2020 earnings per share of 23 cents, which missed the Zacks Consensus Estimate by 11.5%. The reported earnings were 52% lower than 48 cents per share recorded in the year-ago quarter.GAAP earnings per share for the reported qua
Wayfair Inc. W reported third-quarter 2020 non-GAAP earnings of $2.30 per share, which surpassed the Zacks Consensus Estimate of 81 cents.Total revenues came in at $3.84 billion, up 66.5% year over year. Also, the figure surpassed the Zacks Consensus Estimate by 4.2%.The increase
Wall Street and global financial executives are waiting anxiously for a clear winner in the 2020 U.S. election after President Donald Trump called foul play, stoking fears of a drawn-out count that keeps markets and businesses hanging.
The euro zone's economic recovery stalled last month as a second wave of coronavirus cases and restrictions imposed to try and contain it whacked activity in the bloc's dominant service industry, pointing to a double-dip recession, a survey showed.
Investors rushed to adjust portfolios for a tighter and later U.S. election result than many had assumed before Wednesday, with pre-poll expectations of a clear Democratic party win in White House and Senate races looking wide off the mark.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries. Demand for EVs in China is likely to remain robust as the Chinese government wants about 25% of all new cars sold in the country to be electric by
Mettler-Toledo stock (NYSE: MTD) is up 27% since the start of the year and has gained around 70% from its March lows. Mettler-Toledo, a global manufacturer of scales and analytical instruments, faces downside risk as the company’s revenues in the last two quarters have de
Abbott’s stock (NYSE: ABT) lost more than 27% – dropping from $87 at the beginning of the year to below $63 in late March – then spiked 66% to around $105 now. That means it is well above the levels where it started the year.
We believe there may be better places for your money than Spirit Aerosystems stock (NYSE: SPR) at the present time. SPR trades at $19 currently and it has lost 72% in value this year. The stock has not gained much since March due to tepid air travel demand and a slow production
Capri’s stock (NYSE: CPRI) looks set for near term gains. Capri stock is down 40% YTD while the broader market has gained around 6%. Capri stock is expected to rebound as demand for luxury products improve. Improved demand will have a positive impact on its revenue growth
We believe that Alliance Data Systems stock (NYSE: ADS) has an upside potential of 60% over the next 1-2 years, when the user transaction volumes return to the pre-crisis levels. ADS trades near $52 currently and it has lost 54% in value year-to-date. It traded at a pre-Co
After almost a 20% increase in Bed Bath & Beyond’s stock (NASDAQ: BBBY) since the beginning of this year, at the current price of around $21 per share, we believe the retailer now has a significant downside. The home goods retailer’s revenues have declined 25% s
Global investors in Asia are sticking with bets on China's recovery and holding off on major portfolio changes as early results show a tight U.S. presidential election.
HudBay Minerals (HBM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
The election and increased coronavirus-based lockdown measures in parts of Europe and the U.S. create near-term uncertainty. Despite the unknowns, the S&P 500 is up about 2% in the last three months and 19% in the past six months. Investors were also likely happy to see Novem
Community Healthcare Trust (CHCT) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.