ADVFN US – Market Content Editor
-
Exact Sciences shares surge as Abbott officially announces $21B takeover
Exact Sciences (NASDAQ:EXAS) extended its rally on Thursday, jumping another 17% after soaring 24% the previous day. The renewed surge came after Abbott (NYSE:ABT) formally confirmed it will acquire the cancer diagnostics specialist in a deal worth roughly $21 billion. In premarket trading, Exact Sciences shares traded around $101, following Wednesday’s close of $86.18, a…
-
IBM shares climb after unveiling quantum networking partnership with Cisco
IBM (NYSE:IBM) saw its stock rise 1.5% on Thursday after revealing a new strategic partnership with Cisco (NASDAQ:CSCO) aimed at building a next-generation network linking large-scale, fault-tolerant quantum computers. Cisco shares also advanced, adding 0.75% following the announcement. Under the agreement, the two companies will combine IBM’s quantum hardware and research leadership with Cisco’s deep…
-
Walmart stock slips even as earnings top forecasts and guidance improves
Walmart Inc. (NYSE:WMT) posted stronger-than-expected third-quarter results on Wednesday, yet its shares still retreated 2.1% in the wake of the announcement. The retail giant recorded adjusted earnings of $0.62 per share, ahead of the $0.60 analysts were looking for. Revenue also surpassed expectations, coming in at $179.5 billion versus the consensus estimate of $177.45 billion.…
-
Warner Music Group climbs 3% after posting record quarterly sales and expanding market share
Warner Music Group Corp. (NASDAQ:WMG) advanced nearly 3% in premarket trading on Thursday after the company unveiled quarterly revenue that hit an all-time high and surpassed Wall Street expectations, even as earnings fell short. The entertainment group reported fourth-quarter revenue of $1.87 billion, well above the $1.68 billion analysts had projected. Sales rose 15% year…
-
U.S. Employment Increased More Than Expected In September
A long-overdue U.S. labor market update released Thursday revealed that hiring in September was far stronger than economists had anticipated. According to the Labor Department, nonfarm payrolls rose by 119,000 positions during the month, easily outpacing expectations and reversing a previously revised decline of 4,000 jobs in August. Forecasters had been looking for a more…
-
Dow Jones, S&P, Nasdaq, Futures, Upbeat Nvidia Results Set the Stage for an Early Wall Street Rally
U.S. stock futures point to a sharply higher open on Thursday, signaling that equities may extend the momentum built in the prior session. The renewed strength comes as investors enthusiastically respond to long-awaited quarterly results from market heavyweight and AI standard-bearer Nvidia (NASDAQ:NVDA). Nvidia shares are up 5.1 percent in premarket trade after the chipmaker…
-
Meta Ordered to Pay €479 Million to Spanish Media Groups in GDPR Case
A Spanish court has directed Meta (NASDAQ:META) to pay €479 million to a group of 87 digital publishers and news agencies, according to an official court statement released Wednesday. The judge concluded that Meta obtained a “significant competitive advantage” by serving targeted advertising on Facebook and Instagram in a manner that violated the EU’s General…
-
Nvidia Shares Jump 5% Premarket as Analysts Brush Off AI Bubble Worries
Nvidia stock surged in early U.S. trading on Thursday after the chipmaker delivered another round of blockbuster results and an upbeat outlook, easing fears that the AI boom is overheating. Shares of NVIDIA Corporation (NASDAQ:NVDA) were up 4.9% by 05:42 ET (10:42 GMT), supported by strong fiscal third-quarter numbers and confident commentary from CEO Jensen…
-
Novartis Expects 5–6% Annual Sales Growth Through 2030
Novartis (NYSE:NVS) said Wednesday that it anticipates annual sales to expand by 5–6% through 2030, supported by a pipeline of eight major therapies each carrying peak revenue potential of between $3 billion and $10 billion. The Swiss pharmaceutical group updated its mid-term outlook by extending guidance to cover 2025–2030, projecting a compound annual growth rate…
-
Vipshop Tops Q3 Estimates, but Shares Slip as Investors Weigh Softer Outlook
Vipshop Holdings Limited (NYSE:VIPS) delivered third-quarter earnings and revenue that exceeded expectations on Thursday, yet its shares edged 1.48% lower in premarket trade as the market reacted cautiously to the company’s forward guidance. The Chinese online discount retailer reported adjusted earnings of RMB2.98 ($0.42) per ADS, modestly outperforming the consensus estimate of RMB2.91. Revenue rose…