Analyst news

• Dow Jones Newswires: Amgen gets FDA approval for its inflammatory diseases treatment Wezlana

  31-10-2023 23:22
  Amgen AMGN, -2.85%has received approval from the U.S. Food and Drug Administration for Wezlana, its treatment for multiple inflammatory diseases. Wezlana was approved as a biosimilar to and interchangeable with Stelara for treating adults with moderate to severe plaque psoriasis, active psoriatic arthritis, moderately to severely active Crohn’s disease and moderate to severely active ulcerative colitis.The treatment is also approved for treating patients 6 years and older with moderate to
  
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• Lucky Ticket Draw for traders in Bangladesh starts

  31-10-2023 23:01 via litefinance.org
  
  Dear clients,We are pleased to announce the start of the Lucky Ticket Draw for traders in Bangladesh. The contest starts on November 1, 2023. The main prize is an HP 15.6'' HD Display laptop and a one-year subscription to TradingView!How do I take part?Deposit at least $300 in one transaction. Activate the LUCKYBD promocode. We will email you a unique lucky ticket to the email registered in the Client Profile. You will receive a lucky ticket for each deposit of $300 or more.
  All Bangladesh Lucky
  
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• The Ratings Game: Here’s why Zillow, Redfin and other real-estate stocks tanked after a jury ruling

  31-10-2023 22:26
  Shares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes.A Missouri jury earlier Tuesday deemed that the National Association of Realtors, HomeServices of America and Keller Williams colluded to inflate or maintain high commission rates. Jefferies analyst John Conaltuoni said in a note to clients that a judge could issue an injunction preventing commission sharing on MLSs, or multiple listing services, which would hurt t
  
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• : Biden’s latest fiduciary rule proposal has many critics — here’s why 

  31-10-2023 21:58
  The potential return of the fiduciary rule, which if passed would require more stringent regulations of financial advisers, received a mixed reception, with many in the financial services industry objecting to what it sees as “unnecessary” regulation.  The White House announced on Tuesday its latest proposal focused on retirement savings. The law, if passed, would lay down stricter rules for financial advisers and how they recommend investment products for retirement savers. The
  
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• In One Chart: ‘Zombie’ companies already make up 11.5% of U.S. listed stocks

  31-10-2023 21:39
  About 11.5% of listed U.S. stocks already belong to a large network of “zombie” companies that have consistently earned less than they owe in interest costs, according to a tally from Glenmede. While that might not sound ideal, higher bond yields or a recession could make a potentially ugly situation for investors even worse. “The combination…
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• : A Missouri jury goes after the real-estate industry’s commission structure. Here’s what that could mean for homeowners.

  31-10-2023 21:25
  A Missouri court found the National Association of Realtors and two real-estate brokerages guilty of conspiring to inflate real-estate commissions, a decision that will likely have a deep impact on the U.S. housing market. The NAR, one of the largest industry groups in the U.S., as well as brokerages HomeServices of America and Keller Williams, were found guilty Tuesday by a Kansas City, Mo., jury of colluding to inflate or maintain high commission rates. The verdict is the first of two ant
  
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• Financial Crime: Bankman-Fried says he wasn’t aware of FTX’s missing $8 billion until just before its collapse

  31-10-2023 21:10
  FTX founder Sam Bankman-Fried insisted Tuesday that he was unaware that $8 billion of customer money had disappeared until just before his crypto exchange collapsed. As both the prosecution and defense rested in the criminal fraud case against him in federal court in Manhattan. Bankman-Fried said he had long stepped away from day-to-day decision-making at FTX’s sister firm Alameda Research which is accused of squandering the missing money on risky investments.  “In retrospe
  
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• Market Extra: International equities are beating U.S. stocks in ‘rare’ outperformance. Should you lighten up on non-U.S. equities?

  31-10-2023 21:08
  U.S. stocks are lagging international equities over the past year, an unusual occurrence within a longer-term stretch where the S&P 500 index has trounced the rest of the world, according to DataTrek Research.  “It is rare to see international stocks beat the S&P over a 1 year holding period,” wrote Nicholas Colas, co-founder of DataTrek, in a note emailed Tuesday. “We think lightening up on non-U.S. stocks makes sense here.”Shares of the iShares MSCI ACWI ex
  
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• Peter Morici: The Fed must push the economy into recession or inflation won’t get back to 2%

  31-10-2023 20:55
  The Federal Reserve is hunting for a unicorn by holding U.S. interest rates steady and hoping that’s enough to bring inflation down to 2% without a recession. Historically, soft landings are terribly scarce and perhaps only exist in the eye of the beholder. The challenges policymakers face in the coming months show why.Despite rising oil prices and mortgage and credit card rates, preliminary data indicates GDP grew strongly in the third quarter&
  
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• : Paycom’s stock plunges 25% as payroll company whiffs on earnings outlook

  31-10-2023 20:49
  Paycom Software Inc. shares were set to shed a quarter of their value, based on Tuesday’s after-hours action, as the company, which makes payroll and human-resources software, came up short with its quarterly outlook. The company expects $420 million to $425 million in revenue for the fourth quarter, while analysts were modeling $452 million. Paycom PAYC, +2.05%also anticipates adjusted earnings before interest, taxes, depreciation and amortization of $169 million to $174 million for the p
  
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• Mark Hulbert: Has the S&P 500’s recent correction triggered a new bear market?

  31-10-2023 20:48
  There’s a 40% chance that the stock market’s recent correction will turn into a major bear market. Last Friday the S&P 500 SPX entered correction territory by closing more than 10% below its July 31 high. The U.S. benchmark index would have to fall by another 10 percentage points to satisfy the semi-official definition of a bear market. The…
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• Market Snapshot: Dow records first 3-month losing streak since March 2020 as investors await Wednesday Fed decision

  31-10-2023 20:45
  U.S. stocks closed higher Tuesday, though the gains were not enough to reverse a three-month losing streak, as investors prepared for major events later in the week including the latest Federal Reserve interest rate decision and the release new monthly jobs numbers. How stocks traded The Dow Jones Industrial Average DJIAgained 123.91 points or 0.4%, to close at 33,052.87 Tuesday. It is down 454.63 points or 1.4% this month in the third straight month of decline. The index posted its longest mont
  
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• Help My Career: ‘Bootgate’ is bigger than Ron DeSantis — there’s real bias against shorter people at work

  31-10-2023 20:45
  Is Florida governor and Republican presidential candidate Ron DeSantis a victim of height discrimination? That might be the real question worth asking in light of the current social media-fueled debate over whether DeSantis is boosting his height by wearing boots with heel lifts. The issue has been dubbed “bootgate,” which was trending on X.com (formerly known as Twitter) on Halloween, and has been the subject of much speculation online. But underlying the guesses and gossip is
  
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• Outside the Box: Apple’s new Mac laptops won’t keep PC rivals from grabbing market share

  31-10-2023 20:34
  During its “Scary Fast” announcement event on Monday night, Apple AAPL, +0.28%took to the internet to announce a string of new MacBook Pro laptops and a new family of chips to power them. The event itself happened at 8 p.m. Eastern Time, during both the World Series and Monday Night Football — odd timing for a company that is targeting mass consumer audiences for its messages. At the heart of all the new MacBook Pro laptops is a series of M3 processors, for the first time
  
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• Earnings Results: AMD’s stock drops after earnings as revenue outlook comes in light

  31-10-2023 20:25
  Advanced Micro Devices Inc. shares dropped 5% in Tuesday’s extended session after the company posted upbeat profit metrics for the latest quarter but came up short with its revenue forecast for the current period. The company posted third-quarter net income of $299 million, or 18 cents a share, compared with $66 million, or 4 cents a share, in the year-before quarter. On an adjusted basis, AMD AMD, +2.41%earned 70 cents a share, up from 67 cents a share a year before, while analysts tracke
  
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• Earnings Results: Amgen’s stock hit by expectations its obesity pipeline is facing a longer wait

  31-10-2023 18:14
  Amgen Inc.’s stock fell 3.3% Tuesday to put it on track for its biggest one-day percentage decline in more than a year, after the company’s better-than-expected quarterly earnings were offset by comments on its obesity pipeline that suggested a longer wait than some were expecting. Questions on the company’s obesity pipeline dominated the call with analysts, given the expectations for the new class of drugs that have created strong demand for products developed by Novo Nordisk
  
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• Futures Movers: Oil prices look to post a loss for the month as fears of wider Israel-Hamas war fade

  31-10-2023 18:01
  An earlier version of this story referred to the wrong day of the week. The article has been corrcted. Oil futures traded lower Tuesday afternoon, after dropping more than 3% the previous session, and remained on track for monthly losses as a risk premium tied to fears the Israel-Hamas war could threaten crude supplies eroded. Price action West Texas Intermediate crude for December delivery CL00, -1.39% CL.1, -1.39% CLZ23, -1.39%dropped $1.13, or 1.4%, to $81.18barrel on the New York Mercantile
  
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• In One Chart: Why a 7% 10-year Treasury yield is still possible

  31-10-2023 17:56
  A Ned Davis strategist thinks it’s too early for investors to embrace the idea that benchmark U.S. borrowing costs have found a peak. Investors appeared more comfortable lately with a backdrop of a roughly 5% 10-year Treasury yield, BX:TMUBMUSD10Yafter a sharp selloff in longer-dated government bonds wiped out yearly gains for many bond portfolios and rattled stocks.Despite a harsh October, the closely followed iShares 20+Year Treasury Bond ETF TLTwas up 0.5% Tuesday, after recently sinkin
  
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• Market Snapshot: Dow on track for third straight monthly loss as investors await Wednesday Fed decision

  31-10-2023 17:54
  U.S. stocks rose early afternoon on Tuesday, as investors prepared for major events later in the week including the latest Federal Reserve interest rate decision and new monthly jobs numbers. How stocks are trading The Dow Jones Industrial Average DJIArose 70 points, or 0.2%, to 32,998 The S&P 500 SPXgained 18 points, or 0.4%, to 4,185 The Nasdaq Composite COMPadded 32 points, or 0.3%, to 12,820All three major indexes were on track for October declines, which would mark a third straight mont
  
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• The Tell: Stanley Druckenmiller slams Janet Yellen for not locking in long-term rates, calls it ‘biggest blunder in Treasury history’

  31-10-2023 17:45
  Treasury Secretary Janet Yellen has some explaining to do, according to hedge-fund titan Stanley Druckenmiller. Yellen missed an important opportunity, Druckenmille says, by not issuing more long-dated Treasury bonds when interest rates were, in the shadow of COVID-19, near zero. “Janet Yellen, I guess because political myopia or whatever, was issuing 2-years at 15 basis points … when she could have issued 10-years at 70 basis points or 30-years at 180 basis points,” the forme
  
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• Brett Arends’s ROI: Market turmoil creates a historic sale in these mutual funds

  31-10-2023 17:27
  If you’re looking to snap up some investments at a bargain amid the recent market turmoil, check out closed-end funds. These regulated mutual funds, which trade on the stock market like a regular company stock, have just plunged to their biggest discounts to intrinsic value in years — and in some cases, decades.“Closed-ends over the last few weeks have really widened out significantly,” says Gregory Near of Relative Value Partners, a wealth-management firm that invests fr
  
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• The Moneyist: My mother claims I’m in her will but refuses to show it to me. Should she put my name on the deed to her home?

  31-10-2023 17:21
  Dear Quentin,My mother is in her late 80s and owns her home outright. I have a half-brother I’ll call “Matt.” Matt has been designated my mother’s power of attorney. My mother has told me that in her will, everything will be split 50/50 between Matt and me. Her house is the only valuable asset. She is considering adding both me and Matt to the deed on her house. I’ve asked to see her will several times to verify her claim, and she has denied me every time, reit
  
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• : PetMed’s stock plunges to 19-year low as dividend yield to drop from 19% to zero

  31-10-2023 17:17
  Investors in PetMed Express Inc.’s stock are suffering their worst day in 23 years, after the pet medication and supplies company reported disappointing quarterly results and said it would suspend its dividend to save cash. The stock PETS, -27.12%plummeted 32.1% in midday trading. That put the stock on track for the lowest close since Nov. 19, 2004, and for the biggest one-day selloff since the record 37.5% plunge on May 5, 2000.“Today’s announced change in capital allocation f
  
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• Earnings Outlook: AMD earnings: What to expect

  31-10-2023 15:39
  Advanced Micro Devices Inc. is due to report third-quarter results Tuesday afternoon, but investors likely are looking far beyond the latest quarter.Artificial intelligence continues to rule the day in the semiconductor industry, but for AMD AMD, +0.80%,AI is more of a 2024 story. In the meantime, Rosenblatt Securities analyst Hans Mosesmann expects the company to post an in-line third quarter, reflecting strength in the data center that helps offset weakness in areas like enterprise and PC gami
  
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• : Here’s how House Republicans’ Israel-aid bill could add $30 billion to the deficit

  31-10-2023 15:33
  House Republicans have released a proposal to grant Israel billions of dollars in military aid and to pay for it by cutting funding to the Internal Revenue Service, but experts say that the move would increase the federal budget deficit by more than the cost of the aid itself.The GOP plan would provide $14.3 billion in aid to Israel, in line with what President Joe Biden requested earlier this month, but it purports to offset that spending with a $14.3 billion cut to funding for the IRS. Now rea
  
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• Market Snapshot: U.S. stocks mixed as Fed decision and jobs report loom later in week

  31-10-2023 15:32
  U.S. stocks are barely mixed Tuesday after a lower start, as investors prepare for larger events later in the week including the latest Federal Reserve interest rate decision and new jobs numbers. How stocks are trading The S&P 500 gained 2 points, 0%, to 4,169 The Dow Jones Industrial Average fell 20 points, or 0%, to 32,908 The Nasdaq Composite dropped 18 points, or 0.1%, to 12,770On Monday, the Dow Jones Industrial Average DJIArose 511 points, or 1.58%, to 32,929, the S&P 500 SPXincre
  
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• : Ford Motor’s credit restored to investment grade after S&P upgrade

  31-10-2023 15:32
  S&P Global Ratings upgraded Ford Motor Co.’s rating to BBB- late Monday, restoring it to investment grade after it was lowered into junk in 2020.Fitch already returned its rating on Ford to investment grade in September, while Moody’s continues to rate it as speculative grade. The company needs two of the three ratings agencies to deem it investment grade to fully return it to that status.“We expect Ford Motor Co.’s F, +2.70%EBITDA margins will exceed 8% (our previous
  
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• Beth Pinsker: New Series I Bond rate ticks up to 5.27%, with a hearty fixed rate for the long haul

  31-10-2023 15:30
  The new rate for Series I Bonds starting on Nov. 1 will be 5.27% – a combination of a 1.3% fixed rate and a 3.94% inflation rate, according to the TreasuryDirect.gov website. That’s the highest fixed rate since 2007, notes Ken Tumin, editor of DepositAccounts.com.  Investors who flocked to Series I bonds when inflation was at its peak did so for the high rate of return that peaked at a 9.62% annualized rate, which handily beat anything else on the market at the time. But they ar
  
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• Market discourages bears. Weekly S&P 500 forecast

  31-10-2023 10:49 via litefinance.org
  
  Bull markets usually recover when pessimism is off the charts and everyone expects the continuation of the correction. Is it time for S&P 500 bulls? When is the right time to buy the stock index? Let's talk about this topic and draw up a trading plan.Weekly S&P 500 fundamental forecastLife is cyclical. The black stripe gives way to white. Pessimism is giving way to optimism. Downtrends occur when there are too many bears in the market. Something similar is currently happening with t
  
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• NerdWallet: Buy now, pay later for holiday travel is on the rise: Should you use it?

  31-10-2023 09:02
  This article is reprinted by permission from NerdWallet.  The holidays are fast approaching, and the time to book holiday flights is even closer. But as travelers securing end-of-year trip reservations begin to reach for their wallets, another payment option is on the table.A growing list of airlines offers travelers the chance to buy expensive flights now and get an interest-free loan to pay off the purchase in smaller monthly installments. These “buy now, pay later”
  
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• Kelley Blue Book: Infiniti plans update of an aging lineup; previews four new models

  31-10-2023 09:02
  Close followers of the automotive world have voiced a common complaint over the last few years: the Infiniti lineup has grown stale. But the company has a plan for that. Nissan’s luxury marque used last week’s Japan Mobility Show (formerly the Tokyo Auto Show) to show off a brand renaissance of four new models, one a preview of its electric future. The slate of new cars doesn’t completely replace the existing Infiniti lineup. But it comes close.Plus: Buying a new car? Don&rsquo
  
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• Next Avenue: When something achieved is something lost: What do you do when you’ve reached your goals?

  31-10-2023 09:00
  This article is reprinted by permission from NextAvenue.org. After six days of hiking, including a relentless, seven-hour push through the icy night, I had reached my goal. Around me were dazzling glaciers and craggy volcanic rock, a landscape that looked both lunar and arctic. The air was thin. And then there was the iconic wooden signpost, just as I’d seen in so many photos and videos: “Mount Kilimanjaro. Congratulations, you are now at Uhuru Peak, Tanzania 5,895 m/19,341 ft.&
  
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• Kelley Blue Book: Here’s how 6 of the best 3-row midsize SUVs ranked in a comparison test

  31-10-2023 09:00
  Are you shopping for a 3-row midsize SUV because you think you’re still too cool for a minivan or because you need the higher ground clearance and more robust, more widely available all-wheel drive? Either way, you’re in the market at the right time. Several compelling new, redesigned, and enhanced models have launched in the past year alone. But more good choices can mean more difficult decisions. So we rounded up six of the best and newest entries, drove them back to back
  
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• NerdWallet: Post-pandemic, more employers are helping workers save

  31-10-2023 08:59
  This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. When I wrote about employer-provided emergency savings accounts four years ago, the idea was still pretty novel. Some companies were experimenting with ways to help their workers save
  
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• World stock market holidays: November 2023

  31-10-2023 08:54 via litefinance.org
  
  Dear clients,Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.Thanksgiving Day, US — 24/11/2023Trading instrument Early closure Resumption Early closure Resumption XAUUSD 20:15 23/11/2023 01:00 24/11/2023 20:30 24/11/2023 01:00 27/11/2023 XAGUSD 20:15 23/11/2023 01:00 24/11/2023 20:30 24/11/2023 01:00 27/11/2023 UKBRENT 20:15 23/11/2023 03:00 24/11/2023 20:30 24/11/2023 01:00 27/11/2023 USCRUDE 20:15 23/11/2023 01:00 24/11/2023 20:30 24/11
  
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• : Bud Light controversy continues to weigh on Anheuser-Busch InBev

  31-10-2023 08:50
  The Bud Light controversy continued to weigh on Anheuser-Busch InBev, which nonetheless managed a small improvement in third-quarter profit on cost control as well as revenue growth in 80% of its worldwide markets. Anheuser-Busch InBev said Tuesday that third-quarter net profit rose to $1.47 billion from $1.43 billion, with revenue up to $15.57 billion from $15.09 billion. Its underlying earnings per share rose to 86 cents from 84 cents.Analysts had forecast earnings of 85 cents a share on reven
  
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• Market Snapshot: S&P 500 futures steady as lower Treasury yields support sentiment

  31-10-2023 08:49
  U.S. stock futures were mildly mixed early Tuesday, holding most of the previous day’s rally as Treasury yields moved lower.How are stock-index futures trading S&P 500 futures ES00, +0.17%rose 2 points to 4188 Dow Jones Industrial Average futures YM00, +0.35%rose 71 points, or 0.2%, to 33088 Nasdaq 100 futures NQ00, -0.03%eased 15 points, or 0.1%, to 14402On Monday, the Dow Jones Industrial Average DJIArose 511 points, or 1.58%, to 32929, the S&P 500 SPXincreased 49 points, or 1.2%
  
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• USD corrects mistakes. Forecast as of 31.10.2023

  31-10-2023 08:22 via litefinance.org
  
  The Treasury's issuance of bonds for more than $1 trillion triggered a rally in Treasury yields and strengthened the US dollar. The Ministry of Finance decided not to repeat the old mistake and allowed the Fed to decide the EURUSD fate. Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastThe FOMC's September forecasts already look erroneous at the end of October. The Fed expected GDP to expand by 2.1% in 2023 and the core PCE index to rise to 3
  
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• Short-term analysis for oil, gold, and EURUSD for 31.10.2023

  31-10-2023 06:52 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The oil shorts entered at resistance (А) 85.50 - 85.17 yielded profits. Oil price forecast for today: USCrude analysis The oil shorts entered at resistance (А) 85.50 - 85.17 yielded profits yesterday. As a result, the low
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 31.10.2023

  31-10-2023 06:47 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market continues to develop an uptrend as a double zigzag W-X-Y. The first part of the final actionary wave Y, that is, wave [A], is currently unfolding. Wave [A] is similar to impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) within this impulse is developing as a h
  
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• : Hey, all you adult party monsters: Stop spoiling Halloween for the kids!

  31-10-2023 06:32
  Like a lot of kids, I loved everything about Halloween — so much so that I used to travel to a faraway friend’s Halloween-obsessed neighborhood so I could celebrate the holiday in the best way possible. I left with practically enough candy to last me until the following Oct. 31. So imagine my surprise, some 50 or so years later, when I received an email from a gourmet-food company advertising a Halloween sale on caviar. Not chocolate bars. Not peanut-butter cups. But good ol’ f
  
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• Commodities Corner: Global central-bank gold purchases reach a record high for the first 9 months of the year

  31-10-2023 06:12
  Gold purchases by global central banks reached a record for the first nine months of this year, according to a report from the World Gold Council released Tuesday. “In the current, macroeconomic and uncertain geopolitical context, central banks have turned to gold for its return characteristics, liquidity and safety,” Joe Cavatoni, market strategist for Americas at the World Gold Council, told MarketWatch.Demand for gold from central banks year to date through the third quarter was 1
  
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• Dow Jones Newswires: China’s manufacturing PMI unexpectedly falls into contraction for October

  31-10-2023 01:57
  An official gauge of China’s manufacturing activity unexpectedly fell into contraction after rising to expansion territory for one month in September, signaling renewed weakness in the sector. China’s official manufacturing purchasing managers’ index fell to 49.5 in October from 50.2 in September, the National Bureau of Statistics said Tuesday. A reading above 50 indicates an expansion in activity while a reading below it indicates contraction.The result undershot the forecast
  
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• Dow Jones Newswires: Samsung Electronics beats expectations on Q3 net profit, as chip business narrows losses

  31-10-2023 01:24
  South Korean tech giant Samsung Electronics 005930, -0.45%said its third-quarter net profit fell 38% on the year but more than tripled on the quarter to beat market consensus, as its semiconductor business narrowed losses amid signs of recovery in demand. The world’s largest maker of memory chips, smartphones and televisions said Tuesday that net profit came in at 5.844 trillion won ($4.34 billion) for the quarter ended September, compared with KRW9.389 trillion a year earlier and KRW1.724
  
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• MarketWatch First Take: Sluggish EV and auto sales could continue next year, based on what these chip makers just said

  31-10-2023 00:57
  A couple of lesser-known chip companies and a battery maker have confirmed growing fears among investors about the slowdown in electric-vehicle and overall auto sales, which appears likely to continue into next year. Monday was loaded with bad news from companies that make industrial chips for the auto industry, as earnings reports from On Semiconductor Corp. ON, -21.77%in the morning and Lattice Semiconductor Inc. LSCC, -4.05%in the afternoon disappointed Wall Street with their forecasts. If in
  
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• Earnings Results: Wolfspeed’s stock rallies as company notches smaller loss than expected

  31-10-2023 00:20
  Wolfspeed Inc. shares surged nearly 13% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter. The company posted a fiscal first-quarter net loss of $402.7 million, or $3.22 a share, compared with a loss of $26.2 million, or 21 cents a share, in the year-earlier period. On an adjusted basis, Wolfspeed WOLF, -3.41%lost 53 cents a share, whereas it lost 24 cents a share a year before. The FactSet consensus was for a 67-cent lo
  
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• Earnings Results: Pinterest’s stock surges 16% on jump in revenue, earnings

  31-10-2023 00:18
  Pinterest Inc.’s stock popped nearly 16% in extended trading Monday after it reported quarterly results that topped analysts’ revenue and earnings estimates.Pinterest PINS, +3.04%reported fiscal third-quarter net income of $6.73 million, or a penny a share, compared with a loss of $65.2 million, or 10 cents a share, in the year-ago quarter. Adjusted earnings were 28 cents a share. Revenue was $763.2 million, up 11% from $684.6 million a year ago.Analysts surveyed by FactSet had expec
  
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