Bank of America Shares Jump After Q4 Results Beat Consensus – Investing.com

© Reuters. Investing.com – Shares in Bank of America moved higher in premarket trade Wednesday after topped analysts’ estimates as Chairman and Chief Executive Brian Moynihan gave an upbeat view of the U.S. economy. The company reported diluted earnings per share of $0.70 above expectations for $0.63. Revenue came in at $22.74 billion, topping consensus…

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Bayer Shares Jump After Monsanto Weedkillers Court Ruling – The Wall Street Journal

BERLIN—Bayer AG shares rose by more than 6% Friday after the German chemicals company scored a court victory in the run-up to jury trials over whether Monsanto Co. weedkillers can cause cancer. Bayer closed its $63 billion takeover of Monsanto last year, inheriting the St. Louis-based company’s Roundup weedkillers as well as potential legal liabilities.…

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Teva shares surge 5% on news of patent settlement with Neos over ADHD drug – MarketWatch

Shares of generic-drug maker Teva Pharmaceuticals Industries Ltd. rose about 5% Wednesday on news of a settlement and licensing agreement with Neos Therapeutics Inc. to resolve a patent dispute about a treatment for attention deficit disorders, or ADHD. Neos NEOS, -0.63%  said the confidential agreement grants Teva TEVA, +8.43%  the right to make and market…

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Conagra shares tumble 17 percent after company notes challenges with newly acquired Pinnacle brands – Omaha World-Herald

Conagra’s stock plummeted nearly 17 percent Thursday after the company flagged challenges in the Pinnacle Foods portfolio it purchased in October. The earnings released Thursday were investors’ first look at Pinnacle’s operations after Conagra Brands’ $8.1 billion purchase of the frozen food maker. It wasn’t a rosy picture: The division that makes Hungry Man TV…

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Tilray shares surge after announcing $100 million deal with AB InBev to study cannabis-based drinks – CNBC

Canadian cannabis company Tilray entered a $100 million joint venture with beer brewer AB InBev to study cannabis-based beverages, the companies announced Wednesday. The partnership is limited to Canada, and the companies will make decisions about commercializing the products in the future. Shares of Tilray jumped as much as 19 percent after hours. The joint…

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Micron shares drop more than 7% after missing on revenue – CNBC

Matthew Staver | Bloomberg | Getty Images The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Micron Technology shares dropped more than 6 percent during after hours trading Tuesday after the company missed revenue expectations in its quarterly earnings. The company reported $7.91 billion, missing revenue estimates of $8.02 billion. However, it…

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Costco shares fall as quarterly revenue misses estimates – The Globe and Mail

Costco Wholesale Corp. on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc. and Walmart Inc. Shares of the company were down nearly 4 per cent at $218.49 in extended trade. Total revenue rose 10.2 per cent…

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Stitch Fix shares sink 26% as focus shifts from new clients to selling more to existing ones – MarketWatch

Stitch Fix Inc. reported fiscal first-quarter earnings that beat expectations, but a change in strategy that includes slowing growth in new users has sent shares plummeting as much as 26% in Tuesday trading, and closing down 21%. Earnings of 10 cents per share and sales of $366.2 million beat the FactSet expectation for 3 cents…

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Elon Musk shares first look into The Boring Company’s ‘disturbingly long’ tunnel

The Boring Company’s first tunnel under the streets of Los Angeles appears to be taking shape. CEO Elon Musk heralded the completion on Twitter on Saturday, describing the tunnel as “disturbingly long,” saying it was “on track for opening party Dec 10,” and including a mesmerizing time-lapse video of the tunnel’s full length. The tunnel…

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