November 7, 2024

LYFT, SEDG, QCOM, MRNA and more

Check out the companies making headlines in premarket trading. Lyft — The rideshare stock advanced more than 23% after a stronger-than-expected fourth-quarter outlook. Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. Arm Holdings — Shares of the semiconductor company slipped about 7% despite second-quarter results surpassing Wall Street estimates. Arm reported adjusted earnings per share of 30

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November 7, 2024

Moderna reports surprise profit on higher-than-expected COVID vaccine sales

By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost-cuts and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from its new respiratory syncytial virus shot. Shares of the Cambridge, Massachusetts-based company surged nearly 10% in premarket trading. Moderna posted a profit of $13 million, or 3 cents a share, for the quarter, compared to a loss of $3.6 billion a year ago.

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November 7, 2024

Ottawa has a ‘plan’ for Trump’s second presidency: Freeland

Article content Deputy Prime Minister Chrystia Freeland says the federal government has a plan and is prepared to defend Canada’s national economic interest after Donald Trump was elected as U.S. president for the second time. “We have a plan, we’re going to be executing that plan,” Freeland said during a press conference in Ottawa on Wednesday. “Our government is absolutely prepared to continue to defend and also to advance the

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