Index Investing News
Thursday, May 8, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Paramount, PacWest, Shopify & more

by Index Investing News
May 4, 2023
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.

Patrick T. Fallon | AFP | Getty Images

Check out the companies making headlines in premarket trading.

Paramount Global – The media company slumped 10.4% after reporting quarterly profit and revenue that missed analyst forecasts, and slashing its quarterly dividend to 5 cents per share from 24 cents.

related investing news

CNBC Pro

PacWest Bancorp – PacWest tumbled 37% in premarket trading after the banking company said it was considering various strategic options.  PacWest said it had not seen any acceleration in deposit outflows since First Republic Bank was sold to JPMorgan Chase earlier this week.

Shopify – The e-commerce platform reported-better-than expected quarterly results and also announced the sale of parts of its fulfillment operation as well as its logistics division.  Shopify surged 15.6% in the premarket.

First Horizon – The banking and financial services company’s stock plunged 46% after First Horizon and Toronto Dominion Bank said they had called off their $13.4 billion takeover deal.  The companies cited uncertainty over whether regulatory approvals could be obtained in a timely manner.

Peloton Interactive – The fitness equipment maker added 2.6% in premarket trading after revenue beat expectations and it issued a better than expected forecast.

Qualcomm – Qualcomm slumped 7.7% in premarket trading after the chipmaker issued a weaker than expected current quarter forecast, hurt by sagging smartphone sales. Qualcomm did report better than expected revenue for its latest quarter, with earnings matching Wall Street estimates.

Shake Shack – Shake Shack jumped 7% in the premarket after it reported a smaller than expected quarterly loss, with revenue and same-restaurant sales exceeding Wall Street forecasts.

Tripadvisor – Tripadvisor stumbled 6.1% in premarket action after its adjusted quarterly profit came in short of analyst forecasts, although the online travel website operator did see better than expected revenue.  TripAdvisor did report a wider overall loss due to the impact of tax expenses related to an IRS settlement.

SolarEdge Technologies – SolarEdge staged a 10.3% premarket rally, with the solar products maker reporting better-than-expected earnings and revenue and saying supply chain issues have gradually improved.

Arconic – Arconic soared 27.5% in premarket trading after the industrial parts maker agreed to be acquired by private equity firm Apollo Global for $30 per share in cash.



Source link

Tags: PacWestParamountShopify
ShareTweetShareShare
Previous Post

Cloudflare Stock: Bull Case Busted? (NYSE:NET)

Next Post

BILL Holdings Stock: Too Risky For Me

Related Posts

Autographed Warren Buffett books fetch as a lot as 0,000 at public sale

Autographed Warren Buffett books fetch as a lot as $100,000 at public sale

by Index Investing News
May 8, 2025
0

The Berkshire Hathaway sixtieth Anniversary ebook seen on the Berkshire Hathaway Annual Shareholders Assembly in Omaha, Nebraska on Could 2,...

The way to land a job in a ‘low firing, low hiring’ market: economist

The way to land a job in a ‘low firing, low hiring’ market: economist

by Index Investing News
May 8, 2025
0

Job seekers at a job truthful hosted by the Metropolitan Washington Airports Authority to help federal staff searching for new...

Key highlights from ConocoPhillips’ (COP) Q1 2025 earnings outcomes

Key highlights from ConocoPhillips’ (COP) Q1 2025 earnings outcomes

by Index Investing News
May 8, 2025
0

ConocoPhillips (NYSE: COP) reported its first quarter 2025 earnings outcomes immediately. Whole revenues and different earnings had been $17.1 billion...

Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class the toughest

Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class the toughest

by Index Investing News
May 8, 2025
0

Citadel CEO Ken Griffin speaks through the Semafor World Financial system Summit 2025 at Conrad Washington on April 23, 2025...

Fed fee determination Could 2025: Fed holds charges regular

Fed fee determination Could 2025: Fed holds charges regular

by Index Investing News
May 8, 2025
0

WASHINGTON — The Federal Reserve on Wednesday held its key rate of interest unchanged because it waits for the Trump...

Next Post
BILL Holdings Stock: Too Risky For Me

BILL Holdings Stock: Too Risky For Me

Just Listed | 12712 Nautilus Circle

Just Listed | 12712 Nautilus Circle

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Free trade please | Mint

Free trade please | Mint

July 4, 2023
Knowledgeable Perspective on the Russian President’s Subsequent Transfer

Knowledgeable Perspective on the Russian President’s Subsequent Transfer

May 20, 2022
Make America Nice Once more? Not by This Administration — International Points

Make America Nice Once more? Not by This Administration — International Points

April 2, 2025
Angolan Genre-Fluid Fantasia ‘Tommy Guns’ in US Theaters This April

Angolan Genre-Fluid Fantasia ‘Tommy Guns’ in US Theaters This April

March 17, 2023
Houston Estate Comes With a Rolls-Royce That May Have Been Shaq’s

Houston Estate Comes With a Rolls-Royce That May Have Been Shaq’s

December 17, 2022
R. Kelly facing 0,000 US payment to sex abuse victim

R. Kelly facing $300,000 US payment to sex abuse victim

September 28, 2022
Broadcom (AVGO) thrives on rising AI enterprise. Is the inventory a purchase?

Broadcom (AVGO) thrives on rising AI enterprise. Is the inventory a purchase?

December 25, 2024
Homebuilder sentiment drops sharply, as mortgage rates surge

Homebuilder sentiment drops sharply, as mortgage rates surge

August 15, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In