Business

Trade Desk, Eli Lilly, Darden Restaurant, etc.

People will walk in front of MGM Resorts International Bellagio Resorts & Casino in Las Vegas, Nevada on Tuesday, March 17, 2020.

Joe Buglewicz | Bloomberg via Getty Images

Ad Tech Stocks — The Digital Advertising Industry saw a surge in stocks after Google on Thursday Postpone the timeline Forcibly terminate third-party tracking cookies from 2022 to 2023. Trade desk It has risen by more than 18%. Magnite Increased by more than 10% PubMatic It rose by almost 11%.

Eli Lilly — Eli Lilly’s stock surged 7% after a biopharmacy company announced that its Alzheimer’s disease treatment had been designated as a “breakthrough therapy” by the Food and Drug Administration. The news arrives weeks after the FDA approves Biogen’s drug for Alzheimer’s disease.

KB home — Homebuilder shares fell more than about 6% after reporting a quarterly profit of $ 1.50 per share at the end of Wednesday. This is higher than the analyst’s estimate. However, the company missed a $ 1.5 billion earnings quote and earned $ 1.44 billion, despite reporting a 13% rise in selling prices and a 145% surge in new orders.

Darden Restaurant — Olive Garden’s parents have since risen 3.4% in stock price. Adjusted quarterly earnings of $ 2.03 per share reported ThursdayCompared to a $ 1.79 consensus quote. According to Darden, sales at the same restaurant in the midst of a pandemic surged 90.4% compared to a year ago.

Rite Aid — The share of drugstore chains fell by more than 13% after the company Reported a profit error.. However, Rite Aid reported adjusted quarterly earnings of 38 cents per share, which is 16 cents above Refinitiv’s estimate.

MGM Resorts International — Casino stocks surged 3.5% after Deutsche Bank Upgrade MGM to buy from hold.. The company said in a note to its customers that MGM’s cost savings over the past year should be rewarded in the form of higher margins as Las Vegas continues to recover from the pandemic.

Steel case — The office furniture maker’s share surged nearly 4% after the company reported less losses than expected in the last quarter on Wednesday. Steelcase posted revenues that exceeded Wall Street’s estimates, and the company said revenues would gradually improve as more workers returned to the office.

Beyond Meat — The share of plant-based meat companies has fallen by more than 2% after JP Morgan reported that Dunkin’Donuts recently abolished Beyond Sausage’s breakfast sandwiches. The bank also said that JP Morgan had not fully confirmed the move, but believed that Dunkin had canceled the breakfast wrap with Beyond Meat products.

Dollar tree — Discount store stocks fell more than 2% after investment firm Piper Sandler Downgrade inventory From overweight to neutral. The company said in a note to its customers that rising inflation, including the cost of wages, would eat up Dollar Tree’s rate of return.

— CNBC’s Hannah Miao, Jesse Pound and Yun Li contributed to the report

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Trade Desk, Eli Lilly, Darden Restaurant, etc.

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