E-Trade Financial (ETFC) – E-Trade agreed to be bought by Morgan Stanley (MS) for $13 billion in stock, representing a value of $58.74 per share based on Morgan Stanley’s Wednesday closing price.
Norwegian Cruise Line (NCLH) – The cruise line operator beat estimates by 3 cents a share, with quarterly earnings of 73 cents per share. Revenue also beat forecasts. Norwegian also said it was unlikely to achieve prior full-year targets due to the impact of the
Hormel Foods (HRL) – The food producer reported quarterly profit of 45 cents per share, a penny a share below estimates. Revenue beat Wall Street forecasts. Separately, Hormel announced the acquisition of longtime smoked meats supplier Sadler’s Smokehouse for an undisclosed amount.
Avis Budget (CAR) –
Zillow (Z) – Zillow lost 26 cents per share for the fourth quarter, 9 cents a share less than Wall Street had been expecting. The online real estate company’s revenue was well above estimates, driven by an increase in the number of people using Zillow’s website to buy and sell homes.
IMAX (IMAX) – IMAX beat estimates by 4 cents a share, with quarterly earnings of 35 cents per share. The movie theater operator’s revenue also came in above Street forecasts.
Six Flags (SIX) – The theme park operator posted a quarterly loss compared to a year-ago profit. It also gave a weaker-than-expected earnings outlook for 2020, cut its dividend by nearly 70%, and announced that its chief financial officer plans to retire at the end of August.
UBS (UBS) – UBS named ING CEO Ralph Hamers as its Chief Executive Officer, effective Nov. 1. UBS is the second big Swiss bank to replace its CEO this month, with Credit Suisse (CS) doing so on Feb. 7.
Mosaic (MOS) – Mosaic lost 29 cents per share for the fourth quarter, wider than the 5 cents a share loss predicted by Wall Street. The fertilizer producer’s revenue
General Electric (GE) – GE is seeking new aircraft engine business from Airbus, amid the ongoing issues for major customer Boeing (BA). The Wall Street Journal reports GE is in talks with the European jet maker to design and sell an engine for the newest Airbus
L Brands (LB) – L Brands could announce a deal as soon as today to sell a stake in its Victoria’s Secret business to private-equity firm Sycamore Partners, according to The Wall Street Journal.
MGM Resorts (MGM) – MGM said it was the victim of a data breach, which exposed details of prior guests. The resort operator said no financial or password data was compromised. ZDNet had reported earlier that the details of more than 10.6 million guests were involved.
Stamps.com (STMP) – Stamps.com earned $2.12 per share for the fourth quarter, more than double the consensus estimate of $2.03. The postage
Teva Pharmaceutical (TEVA) – The