AMC Entertainment Holdings cut its net loss to $344 million in the June quarter. Shares were on the rise after the movie theater firm’s results topped estimates. AMC reported on Monday a net loss of 71 cents a share, slimmer than the 94 cents a share that analysts had anticipated. It was narrower than the $1.42 per-share net loss in the first quarter, and a loss of $5.36 a share in the second...
Continue reading >>The stock market showed strength after the Senate passed a $1 trillion infrastructure bill aimed at rebuilding roads, bridges and other infrastructure projects across the country. The bill will now head to the House of Representatives for a final vote.Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes. The news gave a...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
Continue reading >>The stock market slipped on Monday as the resurgent pandemic pushed oil and energy stocks lower. Energy was the weakest sector after shedding 1.4% as mounting coronavirus cases, and the potential for restrictions, raised worries about the fuel demand outlook.Tech and the Financial stocks showed strength following a rise in Treasury yields to keep the major indexes near record highs. Volatility...
Continue reading >>Warren Buffett’s Berkshire Hathaway Inc. said Saturday that second-quarter net earnings rose 7%, boosted by improved results for its railroad, utilities and energy companies. Berkshire reported second-quarter net earnings of $28.1 billion, or $18,488 per Class A share equivalent, compared with a profit of $26.3 billion, or $16,314 per Class A share equivalent, in the year-earlier...
Continue reading >>The stock market was mostly higher on Friday following the June jobs report with another round of record highs for Tech and the broader market. Specifically, non-farm payrolls rose by 850,000, the sixth-straight monthly gain, versus forecasts for a print of 720,000. The unemployment rate, however, unexpectedly ticked up to 5.9% versus expectations for a dip to 5.6%. The small-caps failed to show...
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