Friday, September 22, 2023
Homemarket insiderEarly movers: BBRY, HOT, TERP, URBN, FB, PGR, MRVL, TSLA, ENDP &...

Early movers: BBRY, HOT, TERP, URBN, FB, PGR, MRVL, TSLA, ENDP & more

Check out which companies are making headlines before the bell:

BlackBerry — BlackBerry lost 3 cents per share for its latest quarter, smaller than the 10-cent loss that analysts were expecting. Revenue was well below Street estimates, but BlackBerry said its software and services revenue more than doubled over the past year.

Starwood Hotels — China's Anbang for Starwood, leaving the company free to go ahead with its planned merger with hotel rival Marriott.

TerraForm Power — David Tepper's Appaloosa reports a 10.88 percent stake in the SunEdison "yieldco," up from the prior 9.5 percent. Terraform is one of two spin-offs that holds assets from the solar power company; its CEO departed earlier this week for unknown reasons.

Urban Outfitters — Urban Outfitters gave an upbeat outlook for the current quarter, with the apparel retailer saying it sees low single-digit increases in comparable sales.

Marvell Technology — Marvell will miss the deadline to file its annual report for the just-ended fiscal year, and the chipmaker also said it would report an annual loss as revenue drops.

Tesla — The automaker unveiled its new Model 3, which it plans to start producing in 2017 at a list price of $35,000. More than 150,000 customers put down $1,000 deposits on the car, exceeding analyst expectations.

Regeneron, Sanofi — Regeneron and Sanofi say their experimental eczema treatment was highly effective in two large trials, with no serious side effects. The two drugmakers plan to seek U.S. approval for the injectable drug.

Facebook — Facebook's "Free Basics" Internet service was blocked in Egypt late in 2015, according to Reuters. That followed Facebook's refusal to give the government the ability to spy on users.

Progressive Insurance — Progressive will be ride-service provider Uber's insurance company in Texas, breaking a trend which had seen Uber buy insurance solely from James River Group.

Endo International — Endo was accused by the FTC of paying rivals to delay generic competition against two of its biggest drugs. Endo said it was disappointed by the action and intends to vigorously defend itself.

Navistar — The truck maker settled SEC charges that it misled investors about whether or not one of its new truck engines would meet U.S. emission standards. Navistar paid $7.5 million in the settlement, without admitting to or denying the charges.

Netflix — Netflix will not be investigated by the FCC for so-called "throttling," according to FCC Chairman Tom Wheeler. He said the streaming service's actions were "outside" the net neutrality rules adopted late last year.

Yahoo — Yahoo is losing yet another major executive, according to Re/code, with senior vice president of talent acquisition Sandy Gould departing for an unknown destination.

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