Moderna Inc. MRNA, -2.01% said Monday that the Food and Drug Administration granted the company’s experimental respiratory syncytial virus vaccine a Breakthrough Therapy Designation. Moderna said it plans to apply for approval in the first half of this year. The company’s stock has gained 18.7% over the past year,...
Shares of Autoliv Inc. ALV, +9.24% rallied 3.4% in premarket trading Friday, after the Sweden-based maker of automotive safety systems beat fourth-quarter profit expectations, but came up shy on revenue, as price increases compensated for raw material cost inflation. Operating income rose to $230 million, or $1.80 a share,...
Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the semiconductor maker’s fourth-quarter profit miss and warning of coming losses. The implied price decline would shave about 19 points off the Dow Jones...
TXO Energy Partners L.P. TXO, +10.00% priced five million common units at $20 in its $500 million initial public offering for trading on Friday on the New York Stock Exchange under the symbol TXO. TXO Energy Partners granted underwriters an option to purchase up to an additional 750,000 common...
Charter Communications Inc. CHTR, -3.89% fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.79 a share, compared with $1.61 billion,...
Shares of HCA Healthcare Inc. HCA, -0.03% fell about 6% in premarket trading on Friday after the hospital operator set out earnings guidance for 2023 that came in lower than expected. Revenue for the fourth quarter of 2022 missed expectations. HCA had earnings of $2.1 billion, or $7.28 per...
Colgate-Palmolive Co.’s CL, -5.22% fourth-quarter results beat analysts’ top and bottom-line expectations before market open Friday. The company earned 1 cents a share, compared with 18 cents a share in the year-ago quarter, impacted by goodwill and impairment charges related to the Filorga skin care business. On an adjusted...
CalAmp Corp. CAMP, +0.67%, a software and subscription services company, said Friday it is planning to reduce its work force by 8% as part of a restructuring. The Irvine, California-based company had 887 employees as of Feb. 28, 2022, according to its annual 10-K filing with the Securities and...
Shares of Regeneron Pharmaceuticals Inc. REGN, +0.07% gained about 2.5% in premarket trading on Friday after the European Medicines Agency’s Committee for Medicinal Products for Human Use recommended approval of Dupixent, the atopic dermatitis therapy developed with Sanofi SAN, -0.19% SNY, -0.66%, for children as young as six months...
Ayr Wellness Inc. AYRWF, +4.03% AYR.A, +3.64% said Friday it will not move ahead with plans to acquire two dispensaries in Chicago for $55 million because “the cannabis market has changed significantly” in the 15 months since it inked the deal. Instead Ayr plans to focus on “optimizing our...