28 minutes ago
Occidental Petroleum shares fall on lack of earnings
Occidental Petroleum’s stock slipped 1% post-IPO after posting a miss on earnings and loss numbers in the fourth quarter.
The energy giant reported adjusted earnings per share of $1.61 on revenue of $8.33 billion. Refinitiv estimates called for earnings per share of $1.80 on sales of $8.66 billion.
The company also increased its dividend by more than 38% to 18 cents per share and announced a $3 billion stock repurchase plan.
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Occidental Petroleum stock falls on lost earnings
43 minutes ago
Where are the major moving averages ahead of the last trading day of February
Here are all the important moving averages as February’s trading nears the end.
Dow Jones Industry Average:
- Down 3.5% in February
- Down 0.8% so far this year
- 11% % of record height
- 80.57% off Pandemic Low
S&P 500:
- Down 2.3% this month
- increased by 3.7% in 2023
- 17.36% off record high
- 81.68% off Pandemic Low
Nasdaq Composite:
- Down 1% in February
- YTD up 9.6%
- 29.27% from record high
- 72.92% off Pandemic Low
— Samantha Subin
59 minutes ago
Zoom shares rise on strong fourth-quarter results
Zoom Video’s shares rose 8% in extended trading after fourth-quarter earnings and revenue beat Wall Street expectations.
The video communications company reported earnings of $1.22 per share on sales of $1.12 billion. Analysts polled by Refinitiv had expected earnings of 81 cents per share on sales of $1.10 billion.
Despite expectations for slowing growth this year, Zoom also shared a better-than-expected guidance for the current period.
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Zoom shares rise on earnings results
– Samantha Subin, Jordan Novet
Before an hour
Stock futures open slightly higher
Stock futures opened slightly higher in overnight trading on Monday.
Futures linked to the Dow Jones Industrial Average gained 45 points, or 0.14%, while S&P 500 and Nasdaq 100 futures gained 0.13% and 0.15%, respectively.
— Samantha Subin