Corning announced a $2 billion share offering and shares fell; the added supply of stock typically reduces profit per share metrics.
Corning announced a $2 billion share offering and its stock fell in after-hours trading. A large offering increases shares outstanding and usually reduces profit per share, which pressures the stock price.
Wall Street expects a small quarterly loss and after-hours shares rose; these facts pull in opposite directions, leaving the story mixed.
Dave and Buster’s is due to report results after the close and its expected figures plus a small after-hours move do not change the picture.
Amrep reported quarterly earnings and sales that missed estimates and its shares dropped sharply, which weakens the company’s near-term profile.
Analysts expect a small quarterly profit and shares rose modestly; the preview and small move leave the outlook unchanged.
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