Published January 30, 2025 06:07 AM EST David Ramos / Getty Images KEY TAKEAWAYS IBM shares are jumping nearly 8% in premarket trading Thursday, a day after the company posted results that topped analysts’ estimates as its artificial intelligence-enabled business surged. IBM reported fourth-quarter adjusted EPS of $3.92, ahead of Visible Alpha consensus of $3.79. Revenue
Published January 29, 2025 06:37 AM EST Peter Boer / Bloomberg / Getty Images KEY TAKEAWAYS ASML Holding shares are surging 7% in premarket trading Wednesday after the Dutch semiconductor-gear manufacturer reported better-than-expected fourth-quarter results. ASML’s fourth-quarter net bookings of 7.09 billion euros ($7.38 billion) easily surpassed analysts’ estimates. ASML and other artificial intelligence (AI)
KEY TAKEAWAYS Smithfield Foods stock fell in its trading debut Tuesday after the U.S. pork giant priced shares below their marketed range. On Monday, Smithfield and Chinese owner WH Group priced a total of nearly 26.1 million shares at $20 each in their initial public offering (IPO). The two had originally offered 34.8 million shares at
KEY TAKEAWAYS Nvidia and other artificial intelligence stocks at the forefront of the AI revolution are rebounding somewhat in premarket trading Tuesday after a selloff triggered by Chinese startup DeepSeek’s launch of a cutting-edge model at a fraction of the cost of its U.S. rivals. The Chinese company’s launch of its low cost R1 model using
KEY TAKEAWAYS Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant’s initial public offering after pricing shares below their marketed range. The IPO marks a return to a U.S. listing for the Smithfield, Va.-based company, which went private when China’s WH Group acquired it for almost $5 billion in
Smithfield Foods could be one of the year’s biggest U.S. initial public offerings, with the pork producer planning to raise as much as $940 million as it returns to the stock market The Smithfield, Va.-based company, founded in 1936, was previously listed in the U.S. and then taken private in 2013, when China’s WH Group
KEY TAKEAWAYS Burberry shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery. The British company is in the midst of a turnaround to focus on its core products like scarves and trenchcoats. Burberry posted a 4%
Published January 24, 2025 06:19 AM EST A Boeing 777 (front) and a 787-9 Dreamliner are under production at the Boeing Everett Production Facility in Everett, Washington, on June 26, 2024. JENNIFER BUCHANAN / POOL / AFP via Getty Images KEY TAKEAWAYS Boeing shares are falling in premarket trading after the plane maker projected a
Key Takeaways Electronic Arts shares plunged Thursday, a day after slumping demand for its EA SPORTS FC 25 video game prompted the company to cut its outlook. The company projected net bookings to be $2.22 billion for the fiscal third quarter, down from $2.4 billion to $2.55 billion previously. EA also cut its fiscal 2025
KEY TAKEAWAYS The U.K.’s competition regulator started a probe Thursday on the mobile ecosystems of Apple and Alphabet’s Google. The probe is gauging whether the tech firms’ ownership of their apps and services makes their users pick their products over those of rivals. The U.K. Competition and Markets Authority said it was opening probes into