In contrast to the bullish rise of the broader equities market on Wednesday, TD Ameritrade (NASDAQ: AMTD) stock traded down. The reason is clear -- the online securities brokerage didn't hit the average analyst estimate for quarterly profitability.
(RTTNews) - The South Korea stock market on Wednesday halted the two-day slide in which it had stumbled more than 35 points or 1.8 percent. The KOSPI now rests just beneath the 1,900-point plateau and it may add to its winnings on Thursday.
Meta Financial (CASH) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.
CVB Financial (CVBF) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.
Plexus (PLXS) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
Preferred Bank (PFBC) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.
Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $1.22 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to FFO of $1.18 per share a year ago. These figures are adjusted for non-recurring items.
Universal Forest Products (UFPI) came out with quarterly earnings of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
Origin Bancorp (OBNK) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.
What happened
Shares of Transocean (NYSE: RIG) sank 12.7% by 3 p.m. EDT on Wednesday. Weighing on the offshore drilling company was an analyst downgrade.
What happened
Shares of brick-and-mortar retail companies were moving lower on Wednesday, after a leading provider of store-credit cards said that charges fell sharply after mid-March, when stores closed in response to the outbreak of the COVID-19 virus.
Toyota Motor (NYSE: TM) will cut its auto production in Japan by about half from its most recent plan next month, a move that will affect 18 of the company's factories and dozens of suppliers, according to a Nikkei report on Wednesday.
What happened
Airline shares were under pressure Wednesday after Delta Air Lines (NYSE: DAL) became the first in the sector to post first-quarter results. Delta actually lost less money in the quarter than analysts had anticipated, but the airline was clear that things have only
What happened
Shares of Expedia Group (NASDAQ: EXPE) jumped as much as 12% on Wednesday after rumors spread that the online travel specialist could receive a $1 billion investment. As of 2:40 p.m. EDT, the stock was up 7.6%.
While Wall Street analysts were lowering their estimates on Facebook FB because of an uncertain outlook for advertising in the foreseeable future, the company was finalizing a deal for a 10% stake in India’s Reliance Jio.
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