By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more
Caesars Entertainment surprised investors with a third-quarter loss, falling short of market expectations. The company attributed the poor results to new competition and disruptions caused by construction in regional markets. Following the news, Caesars’ shares dropped by 4% in after-hours trading. Instead of the expected profit of 12 cents per share, Caesars reported a loss … Read more
Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more
Real Madrid and Borussia Dortmund face off in a rematch of last year’s UEFA Champions League final on Tuesday in this season’s Champions League group stage at Santiago Bernabeu. Carlo Ancelotti’s Blancos defeated BVB for the continental title at Wembley less than six months ago, securing the Spanish giants’ 15th UCL crown. Dortmund paid the … Read more
Netflix (NFLX) stock experienced a 5% increase in after-hours trading on Thursday following the company’s strong performance in the third quarter. Netflix surpassed expectations for both earnings per share (EPS) and revenue, and also provided a positive outlook for the current quarter. The streaming giant reported revenue of $9.83 billion in Q3, a 15% increase … Read more