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Rocket Companies Stock Sinks as High Mortgage Rates Hurt Results, Outlook

Key Takeaways Rocket Companies had a big revenue miss and issued weak guidance as mortgage rates remain high. CEO Varun…

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Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down

KEY TAKEWAYS Spirit Airlines shares are plunging more than 60% in premarket trading on a report that the budget carrier…

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AbbVie Stock Sinks After Schizophrenia Drug Trials Disappoint

Key Takeaways Shares of AbbVie plummeted Monday after the company said its schizophrenia drug Emraclidine missed key goals in a…

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Monday.com Stock Sinks as Loss Expands

Key Takeaways Monday.com reported a significantly larger-than-expected operating loss, and negative operating margin also widened. The workforce management software provider…

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Capri Stock Sinks After Versace Parent’s Poor Earnings

Key Takeaways Versace’s parent company, Capri Holdings, reported fiscal-second-quarter results that missed analysts’ expectations. CEO John Idol pinned declining revenue…

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Huntington Ingalls Stock Sinks as Shipbuilder Cuts Outlook

Key Takeaways The S&P 500 dropped 1.9% on Thursday, Oct. 31, as signs of major firms spending big bucks to…

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EBay Stock Sinks on Concerns About Holiday Shopping Season

Key Takeaways EBay’s guidance for the key holiday shopping season didn’t impress investors, and shares dropped Thursday. The e-commerce firm…

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HCA Healthcare Stock Sinks as Recent Hurricanes Hurt Results, Outlook

Key Takeaways HCA Healthcare reported worse-than-expected results and warned about future performance because of the impact of recent hurricanes. The…

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IBM Stock Sinks as Quarterly Sales Disappoint

KEY TAKEAWAYS IBM shares are dropping 5% in premarket trading Thursday, weighing on Dow Jones Industrial Average futures, after its…

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Lockheed Martin Stock Sinks as F-35 Sales Decline Weighs on Revenue

Key Takeaways Lockheed Martin missed revenue estimates as aerospace sales tumbled because of contractual and funding issues for its F-35…

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