Tag: stock market

Trivago NV gained in the extended session Thursday after the online hotel booking site raised its outlook for the year following the earnings release of majority shareholder Expedia Inc. . U.S. shares of Düsseldorf, Germany-based Trivago rose 3.8% to $15.80 after hours. “Given our strong start to the year, we have increased our full-year guidance and now expect annual revenue growth to be around 50% in 2017,” said Trivago Chief Financial Officer Axel Hefer in a statement. Trivago reports quarterly results on May 15. Expedia shares slipped 2% after hours as the online travel company’s earnings missed Wall Street estimates by a penny.

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Google Inc. Chief Executive Sundar Pichai said Thursday that his company has taken “significant steps” to address advertisements appearing on controversial videos on YouTube, owned by Google-parent Alphabet. YouTube came under fire from brands this March after their advertisements had appeared alongside inappropriate content. Google has drawn upon machine learning and other technical solutions to prevent the issue from happening in the future, Pichai said. The company is still in its early stages of combating the issue, but Pichai said it has “made progress.” “Advertisers have clearly noticed all the improvements that we’ve made,” Pichai said, later adding that Google had made “thousands and thousands” of calls to advertisers in the past few weeks. Shares of Alphabet were up 4% late Thursday, following the company’s first-quarter earnings beat.

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Skyworks Solutions Inc. shares fell in the extended session Thursday even after the wireless chip supplier’s quarterly results and outlook topped Wall Street estimates. Skyworks shares declined 2.6% to $101.50 after hours. The company reported adjusted fiscal second-quarter earnings of $1.45 a share on revenue of $851.7 million. Analysts surveyed by FactSet had estimated earnings of $1.40 a share on revenue of $840.4 million. For the third quarter, Skyworks sees adjusted earnings of $1.52 a share, while analysts estimate $1.49 a share. Shares of Skyworks have rallied nearly 33% since the company’s previous earnings report on Jan. 19.

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Shares of Microsoft Corp. fell late Thursday after the software company reported quarterly sales below Wall Street expectations. Microsoft said it earned $4.8 billion, or 61 cents a share, in the fiscal third quarter, compared with $3.8 billion, or 47 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $5.7 billion, or 73 cents a share, compared with $5 billion, or 63 cents a share, a year ago. Revenue was $22.1 billion, up from $20.5 billion in the fiscal third quarter of 2016. Analysts polled by FactSet had expected the company to report adjusted earnings of 70 cents a share on sales of $23.6 billion. “Our results this quarter reflect the trust customers are placing in the Microsoft Cloud,” Chief Executive Satya Nadella said in a statement. The shares had ended the regular session up 0.7%

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Shares of Amazon.com Inc. rallied in after-hours trade Thursday following the company’s stronger-than-expected earnings and sales report. The e-commerce and cloud-services giant reported first-quarter net income of $724 million, or $1.48 a share, compared with $513 million, or $1.07 a share, in the year-earlier period. Analysts had been forecasting earnings of $1.08 a share. Revenue for the period climbed to $35.7 billion from $29.1 billion a year ago, topping the consensus view of $35.3 billion. Amazon Web Services revenue increased to $3.66 billion from $2.57 billion in the year-earlier period. The company forecast second-quarter earnings of $35.25 billion to $37.75 billion, bracketing-but mostly below – the $37 billion FactSet forecast. Shares of Amazon jumped nearly 5% to $963 in after-hours trade. The stock had gained 10% in the past three months and 51.5% in the past 12 months, as of Thursday’s close. It has outperformed the S&P 500 , which is up 4% in the past three months and 14% in the past year.

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Shares of Google-parent Alphabet Inc. climbed 3% late Thursday after the company beat first-quarter earnings expectations. It reported net income of $5.4 billion, or $7.73 per share, up from $4.2 billion, or $6.02 per share, in the year-earlier period. The FactSet consensus was for earnings per share of $7.38. Revenue was $24.7 billion, up from $20.2 billion in the year-earlier period and above the FactSet consensus of $19.7 billion. Google advertising revenues contributed $21.4 billion, while “other bets” revenues contributed $244 million. The company reported a 2% increase in aggregate paid clicks sequentially. Shares of Alphabet have gained 6% in the past month, compared to the S&P 500’s gain of 2%.

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Shares of GoPro Inc. jumped 3.7% in after-hours trade Thursday, after the action camera maker reported better-than-expected first-quarter results and second-quarter outlook. The net loss widened to $111.2 million, or 78 cents a share, from $107.5 million, or 78 cents a share, in the same period a year ago. Excluding non-recurring items, the adjusted per-share loss was 44 cents, compared with the FactSet loss per share of 45 cents. Revenue rose 19% to $218.6 million from $183.5 million, beating the FactSet consensus of $208.1 million. The company said non-U.S. markets generated 60% of first-quarter revenue. For the current quarter, GoPro expects revenue of $270 million, plus or minus $10 million, well above the FactSet consensus of $243 million. “GoPro is executing a turnaround,” said Founder and Chief Executive Nicholas Woodman. “We had a great first quarter and feel good about our outlook for the second quarter.” The stock had tacked on 2.6% year to date through Thursday’s close, while the S&P 500 has gained 6.7%.

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The 69-year-old passenger who was dragged off a United Airlines flight bloodied and disheveled on April 9 has agreed to a settlement with the airline, according to his attorneys. Dr David Dao, whose experience became part of a viral video after passengers filmed him being dragged away by police officers, has reached “an amicable settlement,” attorneys Thomas Demetrio of Corboy & Demetrio and Stephen Golan of Golan Christie Taglia said in a statement. The terms of the settlement are to remain confidential, they said. “[United CEO Oscar] Munoz said he was going to do the right thing, and he has,” said Demetrio. Earlier Thursday, United announced “10 substantial changes to how it flies, serves and respects its customers,” saying the shifts come after scrutiny of its policies in the wake of the incident. These include offering up to $10,000 to passengers who volunteer to give up their seats when a plane is too full. Shares of United parent United Continental Holdings Inc. were down 1.1% late Thursday and are down 3% in 2017, while the S&P 500 has gained 6%.

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Molina Healthcare Inc. said in a letter to Congressional leaders Thursday that if cost-sharing payments that are part of the Affordable Care Act aren’t funded it has “no choice” but to pull out of the health law’s marketplaces immediately. “That would result in about 650,000 to 700,000 people losing insurance coverage in 2017, and we would not participate in Marketplace in 2018, resulting in over 1 million Americans losing health insurance coverage,” the letter — first reported by news outlet Axios — said. The subsidies allow health insurers to provide health plans with lower cost-sharing to low-income individuals, and have become a point of contention in a government spending measure that would avert a shutdown. Molina, which described itself as one of the largest participants in the ACA’s marketplaces, is one of the few health insurers to make money on the exchanges. In the Thursday letter, the company directly refuted a claim made by President Donald Trump that the payments amounted to “bailing out insurance companies.” The payments reduce co-pays and deductibles for eligible low-income members and are used directly to pay the provider, Molina Chief Executive Officer J. Mario Molina said. “Thus, this is not a bail-out or windfall to the insurance company,” he said. Molina shares have declined 15.3% over the last three months, compared with a 4.1% rise in the S&P 500 .

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The 69-year old passenger who was dragged off a United Airlines flight bloodied and disheveled on April 9 has agreed a settlement with the airline, according to his attorneys. Dr David Dao, whose experience became part of a viral video after passengers filmed him being dragged away by police officers, has reached “an amicable settlement,” attorneys Thomas Demetrio of Corboy & Demetrio and Stephen Golan of Golan Christie Taglia said in a statement. The terms of the settlement are to remain confidential, they said. “(United CEO Oscar) Munoz said he was going to do the right thing, and he has,” said Demetrio. Earlier Thursday, United announced “10 substantial changes to how it flies, serves and respects its customers,” saying the shifts come after a scrutiny of its policies in the wake of the incident. These include offering up to $10,000 to passengers who volunteer to give up their seats when a plane is too full. Shares of United parent United Continental Holdings Inc. were down 1.1% and are down 3% in 2017, while the S&P 500 has gained 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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