Hertz shares rally as third-quarter earnings crush expectations

Hertz Global Holdings Inc.’s HTZ, -1.39% stock jumped in Thursday’s extended session after the car rental company posted quarterly results that exceeded Wall Street’s expectations. Hertz reported its third-quarter earnings rose to $141 million, or $1.68 a share, from $93 million, or 93 cents a share, a year earlier. On an adjusted basis, the company would have earned $2.14 a […]

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GoPro stock logs worst day on record amid concerns about holiday discounting

GoPro Inc. has warned investors to brace for a rocky holiday season yet again. The maker of action cameras beat top- and bottom-line expectations with its third-quarter earnings report Thursday, thanks to momentum for the company’s new Hero7 Black camera. But GoPro GPRO, -24.23% also said that it expects to ramp up promotions during the December quarter, especially with its cheaper […]

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Sturm Ruger shares slip on big earnings miss

Sturm, Ruger & Co. RGR, -3.08% shares were down slightly in the extended session Wednesday after the gun maker’s quarterly results fell well short of Wall Street estimates. Sturm Ruger shares, however, were only down 0.7% in recent after-hours activity, following a 3.1% decline to close the regular session at $59.39. The company reported third-quarter net income of $9.2 million, […]

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Americans are the most confident in the economy in 18 years despite stock slump

The numbers: Americans’ confidence in the U.S. economy stood at an 18-year high in October, suggesting the recent slump in the stock market has not dimmed their optimism. The consumer confidence index rose to 137.9 this month from a revised 135.3 in September, the Conference Board said Tuesday. The September reading had originally been even higher at 138.4. Will Florida […]

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Marijuana stocks bounce, with sector ETF set to snap 6-session losing streak

Shares of cannabis companies were broadly higher Wednesday, as the sector was set to snap a six-session streak of losses. The ETFMG Alternative Harvest ETF MJ, -2.88% rallied 1.7% in premarket trade, after tumbling 22% over the past six days. Among the more-active stocks ahead of the open, Aurora Cannabis Inc. ACB, -11.39% rallied 4.9% ahead of the open. The […]

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Inflation rises slower than forecast as housing costs offset by used vehicle tumble, CPI shows

The numbers: The higher cost of renting and owning a home nudged consumer prices higher in September, but inflation more broadly eased again after a recent runup. The consumer price index rose 0.1% in September to mark the sixth increase in a row, the government said Thursday. Economists polled by MarketWatch had predicted a 0.2% advance. Yet the increase in […]

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Apple stock rises after J.P. Morgan analyst initiates with bullish rating, $272 target

Shares of Apple Inc. AAPL, -0.80% are up 1.4% in premarket trading Thursday after J.P. Morgan analyst Samik Chatterjee initiated coverage of the stock with an overweight rating and $272 price target. That target is the second highest listed on FactSet. "While Apple’s leadership position in the premium smartphone market is well understood by investors, we still see considerable upside […]

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