These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Rossello is facing public furor over an obscenity-laced online chat that showed the governor and his close advisers insulting women and mocking constituents, including victims...Politicsread more
Check out the companies making headlines after the bell:
After being halted, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates of $347 million. Earnings per share were 46 cents cents, below the 60 cents forecast by analysts.
Weight Watcher's President and CEO Mindy Grossman said in a release the company "had a soft start to 2019 versus last year's strong performance." For 2019, Weight Watchers expects to earn $1.4 billion in revenue, vs. the $1.66 billion analysts estimated.
Shares of Papa John's jumped as much as 5 percent after market close on Tuesday despite weak fourth-quarter earnings. The pizza company reported earnings per share of 15 cents, missing Refinitiv estimates by 2 cents. Revenue was $374 million, lower than the expected $390 million. The company's fourth-quarter North American same store sales decreased 8.1 percent and down 7.3 percent for the full year.
Papa John's estimates full-year North American same store sales will decrease between 1 and 5 percent. The company expected 2019 earnings per share between $1.00 and $1.20, vs. the forecast $1.20.
Shares of Mylan dropped more than 9 percent in extended trading Tuesday following the release of the company's weak fourth-quarter earnings. The pharmaceutical company posted earnings per share of $1.30 on revenues of $3.08 billion. Wall Street estimated earnings per share of $1.36 and revenues were in line with estimates, according to Refinitiv. The company issued weak 2019 guidance: earnings per share between $3.80 and $4.80, vs. the estimated $5.04. Full-year revenue guidance is between $11.5 and $12.5 billion, compared to the forecast $11.86 billion.
Share of Gap ticked more than 1 percent higher in extended trading following a release that the company's board of directors approved a new $1 billion stock buyback program. The clothing company is set to report fourth-quarter earnings on Thursday. The stock later gave up some of its post-market gains.