The Latest Breaking News from NYSE

This Day In Market History: AIG Gets $30B Bailout

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 2, 2009, the U.S. government committed another $30 billion to bail out American International Group Inc (NYSE: AIG).

Benzinga · Mar 2, 2022

12 Energy Stocks Moving In Wednesday's Pre-Market Session

 

Benzinga · Mar 2, 2022

Recap: Global Ship Lease Q4 Earnings

  Global Ship Lease (NYSE:GSL) reported its Q4 earnings results on Wednesday, March 2, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga · Mar 2, 2022

Dycom Industries' Q4 Results Surpass Estimates, Adopts New $150M Buyback Program

Dycom Industries, Inc. (NYSE:DY) reported a fourth-quarter contract revenue increase of 1.4% year-over-year to $761.48 million, beating the consensus of $722.32 million. Adjusted EPS improved to $0.02 from $(0.07) in 4Q21, beating the consensus of $(0.07). Adjusted EBITDA declined by 5.2% Y/Y to $43.32 million, and margin contracted by 40 bps to 5.7%.…

Benzinga · Mar 2, 2022

Dine Brands Posts Mixed Q4 Results; Plans New Buyback

Dine Brands Global Inc (NYSE:DIN) reported fourth-quarter FY21 sales growth of 17.1% year-on-year, to $229.63 million, missing the consensus of $236.67 million. Domestic same-restaurant sales for Applebee's rose 34.8% and IHOP's increased 39.2% versus last year. Gross profit jumped 43% Y/Y to $96.5 million. Adjusted EBITDA rose 43.1% Y/Y to $60.1 million. Adjusted…

Benzinga · Mar 2, 2022

Why Nordstrom Shares Are Rising

Nordstrom, Inc. (NYSE: JWN) shares are trading higher by 32.6% at $25.90 Wednesday morning after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued FY22 guidance.

Benzinga · Mar 2, 2022

Paysafe Tops Q4 As US Acquiring Growth Outshines Digital Commerce Decline; Names New Chair

Paysafe (NYSE:PSFE) reported a fourth-quarter FY21 revenue of $371.7 million, flat year-on-year, beating the consensus of $357.4 million. Total Payment Volume of $31.5 billion increased 20% Y/Y. Segments: US Acquiring revenue rose 9.7% Y/Y to $166.8 million, Integrated & Ecommerce Solutions revenue grew 3.1% to $23.5 million, Digital Wallets revenue declined 8.8% to $87.9…

Benzinga · Mar 2, 2022

Abercrombie & Fitch: Q4 Earnings Insights

  Abercrombie & Fitch (NYSE:ANF) reported its Q4 earnings results on Wednesday, March 2, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga · Mar 2, 2022

Donaldson Clocks 18% Sales Growth In Q2; Raises FY22 Sales, EPS Guidance

Donaldson Co Inc (NYSE:DCI) reported second-quarter FY22 sales growth of 18.2% year-over-year to $802.5 million, beating the consensus of $768.71 million. Sales by segments: Engine Products $554.1 million (+19.8% Y/Y) and Industrial Products $248.4 million (+14.6% Y/Y). The gross margin contracted by 205 bps to 31.1%. The operating income increased 25.8% Y/Y to…

Benzinga · Mar 2, 2022

Read How Analysts Reacted To Salesforce's Q4 Results

Analysts adjusted their price targets on Salesforce.com Inc (NYSE:CRM) post Q4 results. Citi analyst Tyler Radke raised the firm's price target on Salesforce to $233 from $220 (11.5% upside) and kept a Neutral. The company "delivered a reassuring" Q4 and outlook, which should help alleviate concerns around the health of the front office and general…

Benzinga · Mar 2, 2022