Chevron Walks Away From Andadarko
Chevron CVX said it won’t increase its $50 billion takeover bid for independent drilling group Anadarko Petroleum APC , and will instead take the $1 billion break-up fee.
06:02
Uber’s Pricing
Uber UBER is finally going public on Friday.
Uber’s debut is one of the tech sector’s most highly anticipated, with its offering expected to raise as much as $9 billion and result in a potential valuation of $84 billion at the midpoint of its proposed target range of $44 to $50 a share. Uber shares are expected to be priced Thursday evening with the stock to begin trading Friday on the New York Stock Exchange.
06:37
Etsy’s Earnings
Real Money Stock of the Day Etsy ETSY posted earnings Wednesday after the bell.
Etsy said diluted earnings for the three months ending in March came in at 24 cents per share, up more than twice the level of last year and bang in-line with the Street consensus forecast. Group sales, however, missed analysts’ forecasts of $1.7 billion, even as they rose 40% to $169.339 million, pressuring shares in pre-market trading. Gross merchandise sales on the platform, the company said, rose 18.9% and passed the $1 billion mark for the first time.
08:52
Disney’s Earnings
Disney DIS also posted earnings after the bell Wednesday.
Adjusted earnings in the quarter were $1.61 a share, beating forecasts by 2 cents. Revenue of $14.92 billion beat analysts’ estimates of $14.54 billion.
Disney said revenue from its parks, experiences and consumer products business rose 4.5% to $6.17 billion, beating estimates of $6 billion. Movie-studio revenue in the quarter was $2.13 billion.
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