During Market hours yesterday — Thursday (12.11.2020):
Stocks fell on Thursday as an increasing number of U.S. coronavirus cases raised concerns over the health of the economy heading into year-end.
- The Dow (Symbol: DIA) fell 2.2%. The S&P 500 (Symbol: SPY) went down 1% and the Nasdaq (Symbol: QQQ) sank 0.5%.
- Moderna (Symbol: MRNA) Shares of the biotech company rose 6.5% after Moderna announced that it had reached the number of Covid-19 cases needed in its phase-three vaccine trial to submit the preliminary data to an independent review board. The announcement signals that preliminary results could soon be announced publicly.
- Fossil Group (Symbol: FOSL) The watchmaker’s stock rose more than 24% after Fossil reported an adjusted 31 cents in earnings per share on $435.5 million of net sales during the quarter. That was a 19% decline in net sales year over year, but the company managed to grow its margins, crediting cost-cutting measures.
- Energizer Holdings (Symbol: ENR) Shares of the battery manufacturer tanked nearly 15% following its disappointing earnings report. Energizer earned 59 cents per share, missing the forecast of 81 cents per share, according to Refinitiv. Revenue, however, topped estimates.
- Brookfield Asset Management (Symbol: BAM) Shares dropped 4.5% after the alternative asset manager reported an earnings miss. Brookfield posted an EPS of 13 cents in the third quarter, compared to a FactSet estimate of 69 cents. Its quarterly revenue came in above expectations, however.
- Vroom (Symbol: VRM) The online car marketplace fell 13% after the company reported a loss of 29 cents per share for the third quarter, not comparable to estimates. The company also issued weak revenue guidance for the fourth quarter.
- Edgewell Personal Care (Symbol: EPC) Shares of the personal care products company jumped over 4.6% after stronger-than-expected fourth-quarter results. Edgewell reported 59 cents in adjusted earnings per share on $488.8 million in revenue for the quarter. Analysts surveyed by FactSet projected 57 cents per share and $465.6 million. Net sales for Edgewell’s sun and skin care lines were up 15% year over year.
- Revolve (Symbol: RVLV) The fashion retailer’s stock slumped 6.4% after Revolve reported a year-over-year decline in net sales for the third quarter and said the coronavirus pandemic was continuing to weigh on results in the third quarter.
During Premarket hours today – Friday (13.11.2020):
- DraftKings (Symbol: DKNG) The mobile betting service reported a quarterly loss of 57 cents per share, smaller than the 61-cent loss that Wall Street had anticipated, while revenue was above analyst forecasts.
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