Font size Investors will receive one preferred share for each common share they own. Jeenah Moon / Bloomberg AMC Entertainment finally give “apes” what they want. The movie theater company has combined its second-quarter earnings report with the news that it is paying a special dividend to its AMC Preferred Share Units. AMC preferred stock … Read more
Vegetarian sausages from Beyond Meat Inc, maker of vegan burgers, are displayed for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Besides meat on Thursday lowered its revenue forecast for 2022 and announced it would cut its workforce by 4%, citing economic uncertainty. The El Segundo, California-based company also … Read more
A sign hangs in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | beautiful pictures International restaurant brand on Thursday reported quarterly earnings and revenue that beat Wall Street’s expectations, boosted by growth in international sales at Burger King and a rebound in Tim Hortons’ Canadian locations. … Read more
Starbucks Tuesday reported better-than-expected quarterly earnings and revenue, although the shutdowns in China are hurting its performance. Shares of the company rose more than 1% in extended trading. Here’s what the company reported for the July 3 quarter versus what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings per share: adjusted … Read more
An employee operates a Chevron oil rig near Taft, California. Chip Chipman | Bloomberg | beautiful pictures Exxon and Chevron posted record profits in the second quarter of 2022 as high commodity prices boosted activity, and as oil giants kept their spending in check. Chevron reported earnings of $11.62 billion for the three-month period, up … Read more
A branch of Barclays Bank is seen, in London, England, February 23, 2022. Peter Nicholls | Reuters Barclays on Thursday saw a drop in second-quarter profit after making a significant fallback regarding an expensive trading error in the US. According to Refinitiv, the bank of England reported a net profit of £1.071 billion ($1.30 billion) … Read more
Shares of AT&T Inc. fell sharply on Thursday after the telecom giant cut its free cash flow forecast for the year, but one analyst said the latest report wasn’t bad. In fact, LightShed Partners analyst Walt Piecyk titled his research note: “AT&T Q2 was really good. Here’s why.” Admittedly, AT&T’s T, -7.62% The management team … Read more
Shares of AT&T Inc. fell sharply on Thursday after the telecom giant cut its free cash flow forecast for the year, but one analyst said the latest report wasn’t bad. In fact, LightShed Partners analyst Walt Piecyk titled his research note: “AT&T Q2 was really good. Here’s why.” Admittedly, AT&T’s T, -7.62% The management team … Read more
With the stock market yet to emerge from the doldrums of the brutal first half sell-off, investors are increasingly looking for strategies to preserve and increase their capital. Wealth director Jack Ablin told CNBC how he deals with market volatility, highlighting some of his top stocks along the way. According to Ablin, founding partner and … Read more