Dunkin' Brands (NASDAQ: DNKN) intends to shutter approximately 800 of its locations permanently in 2020, targeting those with low sales volume to streamline its expenditures and operations. The news was announced as part of yesterday's earnings release, in which Dunkin' announce
Consumer stocks turned mixed this afternoon, with the SPDR Consumer Staples Select Sector ETF Friday declining 0.7% while the SPDR Consumer Discretionary Select Sector ETF was posting a 0.2% gain, reversing a narrow retreat earlier Friday.
What happened
Shares of Chinese electric-vehicle maker Kandi Technologies (NASDAQ: KNDI) were trading lower on Friday afternoon, two days after a surprise rally that more than doubled its share price.
Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have both submitted proposals to supply Canada's next-generation fighter, the latest step in a lucrative competition that has been beset by delays, political uncertainty, and international trade battles.
Oil supermajor Chevron (NYSE: CVX) announced a quarterly loss of $8.3 billion, or $4.44 per share on Friday. That set the record for its biggest quarterly loss since its 2001 merger with Texaco, surpassing Q4 2019's $6.6 billion ($3.51 per share) loss.
Seagate's (NASDAQ: STX) stock recently tumbled after the hard drive maker's fourth-quarter numbers missed Wall Street's expectations. Its revenue rose 6% year over year to $2.52 billion, but missed estimates by $100 million. Its adjusted net income increased 17% to $311 million,
What happened
Shares of online-education enabler 2U (NASDAQ: TWOU) were up nicely on Friday, after the company reported results for the second quarter of 2020 that exceeded Wall Street's expectations. As of 3 p.m. EDT, the stock was up 7% for the session.
What happened
Shares of Spartan Energy Acquisition (NYSE: SPAQ), a special-purpose acquisition company (SPAC) that has agreed to merge with electric-vehicle start-up Fisker, were trading lower on Friday after Fisker reported a potential snag in its plan to put its electric SUV i
What happened
Shares of Fluidigm (NASDAQ: FLDM) rose over 58% today after the company announced it was selected to receive up to $37 million from the National Institutes of Health through the agency's Rapid Acceleration of Diagnostics (RADx) program. The funding is intended to d
Emergent BioSolutions Inc. EBS reported second-quarter 2020 earnings of $1.98 per share, which easily beat the Zacks Consensus Estimate of 53 cents. Moreover, the figure was up from earnings of 20 cents in the year-ago quarter.
Strong earnings from big tech companies, including Apple (NASDAQ: AAPL), failed to propel the Dow Jones Industrial Average (DJINDICES: ^DJI) higher on Friday. The Dow was down around 0.75% at 2:20 p.m. EDT.
What happened
Shares of Emergent BioSolutions (NYSE: EBS) were up 13.5% at 1:32 p.m. EDT on Friday after the company reported a 62.3% increase in second-quarter revenue, and management said to expect more growth in the second half of the year.