CBS logo seen at the CBS Television City Studio in Los Angeles, California. SOPA Images | LightRocket | Getty Images ViacomCBS on Thursday said its earnings fell short of revenue and profit expectations in its first quarterly earnings results since closing its merger, sending shares down 7% in premarket trading. Viacom and CBS completed their
Earnings
Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Lisa Maree Williams | Getty Images Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects
Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come
Dropbox shares rose as much as 16% in extended trading on Thursday after the company reported better-than-expected fourth-quarter results. The stock exceeded the $21 price at which it sold shares in its initial public offering in 2018. It had not closed above $21 since September. Here’s how the company did: Earnings: 16 cents per share,
A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Daniel Acker | Bloomberg | Getty Images Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said