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Stock market today: Wall Street slips as tumbling crude oil prices drag down energy stocks

Published Fri, 27 Dec 2024 10:13:05 GMT

NEW YORK (AP) — Wall Street ticked lower Wednesday after another sharp slide for the price of crude dragged down oil-and-gas stocks.The S&P 500 slipped 17.84, or 0.4%, to 4,549.34 for its third straight loss, locking in its longest losing streak since October. Each of those drops was modest, though, and the index remains near its best level in 20 months.The Dow Jones Industrial Average fell 70.13, or 0.2%, to 36,054.43, and the Nasdaq composite lost 83.20, or 0.6%, to 14,146.71.Energy stocks had the market’s worst drops by far. Halliburton sank 3.6%, and Marathon Oil fell 3.5% after crude oil touched its lowest price since June.A barrel of benchmark U.S. crude tumbled roughly 4% as expectations build that the world has too much oil available for the global economy’s demand. It sank below $70, down more than $20 since September. Brent crude, the international standard, fell 3.8% to $74.30 per barrel.Losses for Big Tech stocks, which are some of Wall Street’s most influential, als...

Chewy: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

PLANTATION, Fla. (AP) — PLANTATION, Fla. (AP) — Chewy Inc. (CHWY) on Wednesday reported a loss of $35.8 million in its fiscal third quarter.The Plantation, Florida-based company said it had a loss of 8 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 15 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.The online pet store posted revenue of $2.74 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $2.75 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHWY at https://www.zacks.com/ap/CHWYSource

Verint: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — Verint Systems Inc. (VRNT) on Wednesday reported fiscal third-quarter profit of $12.6 million.The Melville, New York-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 65 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.The maker of software for analyzing intercepted communications posted revenue of $218.5 million in the period. Its adjusted revenue was $218.7 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $216.3 million.Verint expects full-year earnings to be $2.65 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNT at https://www.zacks.com/ap/VRNTSource

Argan: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Argan Inc. (AGX) on Wednesday reported fiscal third-quarter earnings of $5.5 million.The Rockville, Maryland-based company said it had profit of 40 cents per share.The builder of energy plants posted revenue of $163.8 million in the period.Argan shares have risen 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.74, a climb of 26% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGX at https://www.zacks.com/ap/AGXSource

Sprinkler: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

NEW YORK (AP) — NEW YORK (AP) — Sprinkler Inc. (CXM) on Wednesday reported fiscal third-quarter net income of $17 million.The New York-based company said it had net income of 6 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 11 cents per share.The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.The customer experience software developer posted revenue of $186.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $180.1 million.For the current quarter ending in January, Sprinkler expects its per-share earnings to range from 8 cents to 9 cents.The company said it expects revenue in the range of $187.5 million to $189.5 million for the fiscal fourth quarter.Sprinkler expects full-year earnings in the range of 36 cents to 37 cents per share, with revenue ranging from $725.5 million to $727.5 m...

Veeva: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal third-quarter net income of $135.2 million.On a per-share basis, the Pleasanton, California-based company said it had profit of 83 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.34 per share.The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.The provider of cloud-based software services for the life sciences industry posted revenue of $616.5 million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $615.9 million.For the current quarter ending in January, Veeva expects its per-share earnings to be $1.30.The company said it expects revenue in the range of $620 million to $622 million for the fiscal fourth quarter.Veeva expects full-year earnings to be $4.76 per share, with revenue ranging from $2.3...

Coastal Carolina’s Ellis retires with 831 Division I victories, most among active coaches

Published Fri, 27 Dec 2024 10:13:05 GMT

CONWAY, S.C. (AP) — Coastal Carolina basketball coach Cliff Ellis, who leads all active Division I coaches with 831 victories, is retiring, he announced Wednesday.Coastal Carolina said Ellis coached his final game Monday night, a 110-46 victory against St Andrews. It said associate head coach Benny Moss will take on the role of interim coach and that Ellis will remain with the school working on special projects as he completes his contract.Ellis said in a release from the school that he planned to retire at the end of the season, “but in fairness to my players and my coaching staff, I wanted all of them, but especially the staff, to have a chance to show what they are made of.”The 78-year-old Ellis was in his 17th season at Coastal Carolina, finishing a career that also saw him lead the programs at Clemson, Auburn, South Alabama, and Cumberland of the NAIA. Including his time at Cumberland, his career record is 909-576.Ellis won eight conference regular season titles, two conf...

GameStop: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

GRAPEVINE, Texas (AP) — GRAPEVINE, Texas (AP) — GameStop Corp. (GME) on Wednesday reported a loss of $3.1 million in its fiscal third quarter.The Grapevine, Texas-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis.The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.The video game retailer posted revenue of $1.08 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.16 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GME at https://www.zacks.com/ap/GMESource

Sportsman’s Warehouse: Fiscal Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 10:13:05 GMT

WEST JORDAN, Utah (AP) — WEST JORDAN, Utah (AP) — Sportsman’s Warehouse Holdings Inc. (SPWH) on Wednesday reported a loss of $1.3 million in its fiscal third quarter.The West Jordan, Utah-based company said it had a loss of 4 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.The outdoor sporting goods specialty retailer posted revenue of $340.6 million in the period.For the current quarter ending in January, Sportsman’s Warehouse expects its results to range from a loss of 35 cents per share to a loss of 25 cents per share.The company said it expects revenue in the range of $365 million to $390 million for the fiscal fourth quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWH at https://www.zacks.com/ap/SPWHSource

How major US stock indexes fared Wednesday, 12/6/2023

Published Fri, 27 Dec 2024 10:13:05 GMT

Stocks closed lower on Wall Street after another sharp slide for the price of crude dragged down big oil-and-gas stocks. The S&P 500 fell 0.4% Wednesday for its third straight loss, locking in its longest losing streak since October. Each of those drops was modest, though, and the index remains near its highest level in 20 months. The Dow fell 0.2%, and the Nasdaq lost 0.6%. Energy stocks had the worst drops by far after the price of crude oil sank more than 4%, touching its lowest level since June. Marathon Petroleum fell 3.9%. Treasury yields fell. On Wednesday:The S&P 500 fell 17.84 points, or 0.4%, to 4,549.34The Dow Jones Industrial Average fell 70.13 points, or 0.2%, to 36,054.43.The Nasdaq composite fell 83.20 points, or 0.6%, to 14,146.71.The Russell 2000 index of smaller companies fell 3.99 points, or 0.2% to 1,852.05.For the week:The S&P 500 is down 45.29 points, or 1%.The Dow is down 191.07 points, or 0.5%.The Nasdaq is down 158.32 points, or 1.1%.The Russell ...