Author: Jim Carter

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Retail Sales Beat Projections in July

Retail sales rose more than analysts expected last month, as shoppers headed to stores and online to drive gains in electronics and clothing, government data showed. Total sales rose 0.7% month-on-month to $523.5 billion, better than the consensus on Econoday for an increase of 0.3%. The previous month’s print was revised to 0.3% growth from 0.4% previously, the US Census […]

AMC Entertainment Shares Jump on Better-Than-Expected Revenue

AMC Entertainment Shares Jump on Better-Than-Expected Revenue

AMC Entertainment Holdings (AMC) shares popped after the movie-theater operator reported better-than-expected revenue in the second quarter on higher attendance. The Leawood, Kan.-based company said total revenue in the quarter ended June 30 rose to $1.51 billion, up from $1.44 billion in the prior-year quarter and ahead of Capital IQ’s consensus for $1.46 billion. Diluted per-share earnings were $0.17, unchanged […]

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Health Care Stocks Hammered in Market Selloff

Health care stocks fell hard on Monday, including a nearly 2.4% decline for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were down nearly 2.2% as a group. The Nasdaq Biotechnology index was dropped slightly more than 2.3%. Among health care stocks moving on news: (+) Sellas Life Sciences Group (SLS) shares […]

Beyond Meat Lifts Guidance

Beyond Meat Lifts Guidance

Plant-based food provider Beyond Meat (BYND) lifted its full-year guidance after markets closed on Monday as the maker of vegan burgers posted better-than-expected results for its second-quarter, supported by rising sales volumes. The El Segundo, Calif.-headquartered business reported revenue of $67.3 million in the three months ended June 29, up 287.2% from a year earlier and comfortably ahead of the […]

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Snap Shares Jump as Second-Quarter Results Beat Expectations

Shares of Snap (SNAP) jumped early on Wednesday as higher sales helped the US technology and camera firm narrow its net loss in the second quarter, beating expectations, and the group forecast further growth in revenue over the next three months. Sales surged by 48% to $388.0 million during the three months that ended June 30, from $262.3 million a […]

Intuitive Surgical Second-Quarter Results Beat Views

Intuitive Surgical Second-Quarter Results Beat Views

Rising demand for robotic-assisted medical interventions underpinned a jump in Intuitive Surgical’s (ISRG) second-quarter results after markets closed on Thursday as shipments of the company’s flagship da Vinci System advanced. The Sunnyvale, Calif.-based company, which is a pioneer in minimally invasive surgeries, reported revenue of $1.10 billion in the three months ended June 30, up approximately 21% from the corresponding […]

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Gilead Sciences to Pay $5.05 Bln for Exclusive Access to Galapagos’ Current & Future Compounds Outside Europe

Share of Galapagos (GLPG), a Belgian biotechnology firm, surged early on Monday as the US drugmaker Gilead Sciences (GILD) said it signed a deal under which it will pay Galapagos $5.05 billion in return for an exclusive product license and option rights to develop and commercialize all current and future programs in all countries outside Europe. The 10-year global research […]

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Asian Stock Markets Fall as China-US Trade Dispute Persists

Asian stock markets declined Wednesday, hewing to a recent pattern as traders weighed a still-unresolved trade dispute between China and the US. Hong Kong and Tokyo fell while Shanghai gained. Other regional exchanges lost ground. In Japan, the Nikkei 225 opened lower on Wall Street cues as investors eyed a Trump administration currency “monitoring list” that included Japan and a […]

Asian Stock Markets Fall as China-US Trade Dispute Persists

Asian Stock Markets Fall as China-US Trade Dispute Persists

Asian stock markets declined Wednesday, hewing to a recent pattern as traders weighed a still-unresolved trade dispute between China and the US. Hong Kong and Tokyo fell while Shanghai gained. Other regional exchanges lost ground. In Japan, the Nikkei 225 opened lower on Wall Street cues as investors eyed a Trump administration currency “monitoring list” that included Japan and a […]