Dish Community
(DISH) reported a third-quarter lack of 26 cents a percentage, a swing from year-earlier benefit of 65 cents. Analysts have been anticipating a benefit of eleven cents a percentage in the most recent 0.33 quarter.
Dish
mentioned web pay-TV subscribers fell about 64,000 within the duration, whilst retail wi-fi web subscribers lowered via about 225,000. The corporate additionally introduced that its CEO used to be stepping down. The inventory sank 37%.
Paramount World
(PARA) fell 7.8% to $12.69 after analysts at BofA Securities downgraded the inventory to Underperform from Purchase, and minimize their value goal to $9 from $32. Analyst Jessica Reif Ehrlich mentioned her earlier bullish view at the inventory got here with the belief that Paramount would promote a few of its property. Then again, in spite of receiving bids for property like Showtime and BET Media Crew, it doesn’t appear to be gross sales will probably be coming anytime quickly, she mentioned.
SolarEdge Applied sciences
(SEDG) used to be downgraded to Hang from Purchase at
HSBC
and the inventory’s goal value used to be slashed to $80 from $243. Stocks of the sun inventory declined 5.1% to $71.77.
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Tesla
(TSLA) dipped 0.3% after emerging previous within the consultation. Stories from Germany have mentioned the electric-vehicle maker used to be prepping a automotive that will probably be priced round €25,000, or $27,000. Additionally, the corporate is elevating pay for manufacturing unit employees at Tesla’s Gigafactory at the outskirts of Berlin. Tesla has been below power from Germany’s IG Metall union, which is attempting to arrange the plant and get Tesla to conform to a union contract, The Wall Boulevard Magazine reported.
Berkshire Hathaway
‘s (BRK.B) third-quarter running profits surged 40% to a document $10.8 billion after taxes. The conglomerate headed via Warren Buffett noticed sharply upper insurance coverage underwriting earnings and higher funding source of revenue on its massive money holdings.
Berkshire Hathaway
held $157 billion of money and investments on the finish of the 0.33 quarter, a document. Berkshire Hathaway’s elegance B stocks fell 1.5%.
BioNTech
(BNTX) reported a benefit of €0.67 a percentage vs. expectancies that referred to as for a loss. Income fell within the duration but additionally crowned Wall Boulevard forecasts.
BioNTech
mentioned it expects full-year Covid-related earnings of about €4 billion, down from prior steerage of €5 billion. U.S.-listed stocks of BioNTech rose 4.1%.
Bumble
(BMBL) fell 4.4% after the corporate, which operates the courting apps
Bumble
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and Badoo, mentioned in a submitting that CEO Whitney Wolfe Herd used to be stepping down and would get replaced via Lidiane Jones, the manager government of Slack Applied sciences.
Albemarle
(ALB) fell 6.7% after stocks of the lithium miner had been downgraded to Impartial from Purchase at UBS.
Freshpet
(FRPT) rose 17% after the pet-food corporate reported a narrower-than-expected third-quarter loss and raised its earnings outlook for the yr.
Reserving Holdings
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(BKNG) rose 3.9% to $2,971.43 after stocks of the go back and forth website online had been upgraded to Purchase from Impartial at D.A. Davidson. The objective value for the inventory used to be left unchanged at $3,400.
Write to Joe Woelfel at joseph.woelfel@barrons.com
