No Hugs For Build-A-Bear: Missed Q1 Earnings, Lower Sales Spark Premarket Plunge
Build-A-Bear totaled $114.7 million, marginally missing the analyst consensus of $120.6 million. Sales decreased 4.4% Y/Y.
Why HP Shares Are Surging Premarket Thursday
HPQ shares traded higher after reporting Q2 FY24 results with net revenue exceeding expectations and adjusted EPS surpassing consensus estimate.
Pet Supply-Focused Chewy Shares Gain On Better-Than-Anticipated Q1 Earnings, $500M Buyback Plan
Chewy shares surged 13.4% to $19.18 after the pet supplies e-commerce retailer reported impressive Q1 2024 results. The company announced a $500 million share repurchase program.
Windward Management Issues Letter To NETGEAR Board Advising The Immediate Repurchase Of At Least 25% Of The Shares Outstanding, ~$100M, & the Formation Of A Strategic Review Committee To Examine Splitting Off And/Or Selling The NFB Segment
Current net cash is equal to ~80% of NETGEAR's market cap & recent company-provided 2024 free cash flow guidance implies a de minimis, to potentially negative, enterprise value by year-endWindward believes splitting
ConocoPhillips Acquires Marathon Oil In All-Stock Deal at 14.7% Premium: Details
Marathon Oil shares up 7.45% and ConocoPhillips shares down 3.56% after deal announcement for ConocoPhillips to acquire Marathon Oil for $22.5 billion in all-stock transaction.
What’s Going On With Robinhood Markets Stock On Wednesday?
Robinhood (HOOD) stock rises after announcing $1 billion share buyback program and launch of tiered margin rates and retirement offerings.
ConocoPhillips To Boost Dividend By 34% to $0.78/Share And Expects Buybacks Over 20B In First 3 Years, With Over $7B in the First Full Year
Return of capital update
Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. Upon
ConocoPhillips to Acquire Marathon Oil Corporation in All-Stock Deal Worth $22.5B, Implying a 14.7% Premium
ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transactionConocoPhillips (NYSE:
Robinhood Markets Stock Jumps On $1B Buyback: What’s Going On?
Robinhood management said it currently expects to complete the buyback program over a two- to three-year period beginning in the third quarter of 2024.
Alibaba’s $4.5B Bold Move: Bonds, Buybacks, Bullish Bets
Alibaba to raise $4.5B through convertible bonds for share buybacks amidst competition and slow Chinese economy. Mixed technical signals for stock.