Internet of Things solutions provider Sierra Wireless Inc. SWIR, -5.22% shares rose 6.8% to $30.05 in after-hours trading Tuesday after semiconductor manufacturer Semtech Corp. SMTC, -5.35% said it will acquire Read more
Tag: Corporate Actions
PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat
After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback Read more
Airbnb beats on earnings, promises $2 billion in stock repurchases
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back Read more
Activision Blizzard reports higher-than-expected sales as Microsoft close awaited
Activision Blizzard Inc. shares ticked higher in the extended session Monday after the videogame publisher released better-than-expected revenue as sales dropped for a third straight quarter. Activision Blizzard ATVI, -0.77% Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
Teladoc stock downgraded as analysts lament ‘underwhelming execution’ and risks to guidance
Two more former bulls on Teladoc Health Inc.’s stock jumped ship Tuesday, warning of various challenges for the telemedicine company. With the latest downgrades from Berenberg Capital Markets and Cowen Read more
Snowflake stock drops after downgrade: ‘To be blunt, this is a tough call’
Shares of Snowflake Inc. were falling more than 3% in morning trading Tuesday after an analyst said he was making the “tough call” to downgrade the data-software stock. BTIG’s Gray Read more
Canada’s TD buying investment bank Cowen to broaden its U.S. push
Cowen Inc. shares rallied Tuesday on its $1.3 billion buyout by Canada’s TD Bank Group in a deal that had originally caught the investment bank by surprise. TD Bank Group Read more
Credit Suisse shares dive toward record low after credit downgrades
Shares in Credit Suisse slumped nearly 7% to flirt with a record low on Tuesday after downgrades by two credit rating agencies highlighted the challenges facing new boss Ulrich Koerner Read more
BP raises dividend and buyback after profit surge
BP PLC BP, -1.91% on Tuesday reported that its profits rose further in the second quarter of the year, and increased both the dividend and the quarterly share buyback. The Read more