United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital…
Warner Bros. Discovery on Thursday said it saw record-breaking revenue growth in its streaming segment, anchored by HBO Max, ahead of increased scrutiny over its proposed merger with Paramount Skydance. The media company said in its second-quarter earnings report that its streaming segment surpassed $3 billion in revenue, marking a 10% increase from the year…
Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as “strength” in its overall business model. The company now expects total revenue for 2026 of $6.2 billion to $6.45 billion and adjusted earnings before interest, taxes, depreciation…
Peloton delivered its first full year of net profit and operating income in fiscal 2026, but said it expects sales to fall in the coming fiscal year as it begins to lap price increases on its hardware and subscription plans. Peloton shares tumbled about 13% in premarket trading as the outlook disappointed investors. Even so,…
HONG KONG, CHINA – 2026/03/06: A young shopper walks past a commercial advertisement for the Nintendo Switch, depicting the gaming character Mario, in Hong Kong. (Photo by Sebastian Ng/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nintendo reported fiscal first-quarter earnings on Thursday, beating analysts’ revenue and profit estimates, even as…
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel, while a rise in ByteDance’s value helped its Vision Fund division. The Japanese giant said net profit for the June quarter totaled 347.3 billion Japanese yen ($2.2 billion). That beat the…
Honeywell Aerospace shares tumbled 11% on Wednesday evening after the company reported weak quarterly results and cut its full-year outlook due to supply chain stumbles. It’s a rough look for the newly public maker of cockpit systems and other aircraft parts, which split from Honeywell Technologies in late June. Revenue in the second quarter ended…
The New York Stock Exchange welcomes e.l.f. Beauty (NYSE: ELF), on March 18, 2024, to the podium to celebrate its 20th anniversary of founding. To honor the occasion, Tarang Amin, Chairman & CEO, joined by Tara Dziedzic, NYSE Head of Listings – U.S. Sectors, rings The Opening Bell®. E.l.f. Beauty‘s profits nearly doubled during…
The Etsy Inc. headquarters in the Brooklyn borough of New York, US, on Tuesday, June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy said Wednesday it’s laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an…
People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, July 30, 2022. Octavio Jones | Reuters Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company’s experiences division on Wednesday. The experiences segment, which…
