Check out the companies that make headlines for the clock:
Brinker International (EAT) – The parent of the Chili restaurant chain and Maggiano’s Little Italy reported an adjusted quarterly loss of 88 cents per share, less than the $ 1.37 loss that Wall Street analysts had predicted. Revenue came in below forecasts, but Brinker projected a smaller-than-expected loss for the current quarter, with similar restaurant sales in the low to mid-teens.
Tesla (TSLA) – Tesla announced a 5-for-1 action split, saying it wants to make its shares more accessible to employees and investors. The additional shares will be issued on August 28 to shareholders of record on August 21 and will begin on August 31 on a split-adjusted basis.
Eastman Kodak (KODK) – CEO Jim Continenza said the company supported the government’s decision to stop a potential loan to the company, saying the deal required more work. The loan – designed to boost Kodak’s pharmaceutical business – is under control due to the granting of share options to executives just before the announcement of the loan action.
Roku (ROKU) – Roku was rated as “buying” in new coverage at Deutsche Bank, which states that the video device streamer is the leader in its category with a nearly 50 percent market share and said that Roku has an impressive job built from a large installed customer base.
Moderna (MRNA) – Moderna struck a $ 1.5 billion deal with the U.S. government for 100 million doses of its experimental COVID-19 vaccine. The vaccine will be delivered free of charge to people, and the government will have the option to purchase an additional 400 million doses.
Red Robin Gourmet Burgers (RRGB) – Red Robin reported an adjusted quarterly loss of $ 3.31 per share, 4 cents wider than expected, with restaurant chain sales also falling under estimates. Its outlets were hit by pandemic-related closures, and subsequent reopening with limited capacity.
Overstock.com (OSTK) – Overstock announced that a new 2.1 million share offering was priced at $ 84.50 per share compared to Tuesday’s closing price of $ 92 per share. The online retailer said the money raised through the stock offering will be used for general business purposes.
Fluor Corp. (FLR) – Fluor said it could not submit its quarterly report in a timely manner without making unfair spending or commitment, according to an SEC filing. The engineering and construction company is in the process of investigating reporting in previous periods, but expects to submit its report by September 30th.
Target (TGT) – The retailer’s share was added to the “Analyst Focus” list at JP Morgan Securities, with the company expecting strong similar first-quarter sales numbers to maintain as second-quarter figures are released.
American Eagle Outfitters (AEO) – JP Morgan Securities upgraded clothing retailers’ stock to “overweight” from “neutral”, saying American Eagle is wrongly priced on the low side, given several years of tailwinds in the casual and athletic category.
Lazard (LAZ) – The Investment Advisory Bureau said it had $ 222.5 billion in assets under management on July 31, up from $ 214.7 billion a month earlier.
.
