Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Check out the companies making headlines after the bell:
Urban Outfitters shares jumped more than 3 percent in after hours trade but later turned negative, tumbling more than 4 percent on mixed quarterly results. Earnings per share were 83 cents, topping estimates of 79 cents.
The stock turned negative after concerning comments on the conference call. The company's CFO, Frank Conforti, said the company's sales have started out the year weaker than anticipated. He also said the retail segment same-store sales income could come in flatter to low single-digit negative for the first-quarter. It was also noted on the call that fourth-quarter traffic was negative in North America and Europe, with Europe experiencing more significant traffic challenges.
Urban Outfitters reported revenue and same stores sales last month. The retail company earned $1.13 billion in revenue, missing estimates of $1.14 billion. Same stores sales increased 3 percent, while analysts forecast an increase of 4.5 percent.
Shares of NIO tanked more than 8 percent in extended trading after the Chinese electric automaker released its fourth-quarter earnings results, noting a slowdown in vehicle deliveries.
"Deliveries of the ES8 in January and February 2019 were 1,805 and 811 vehicle respectively, which reflect a greater than anticipated slowdown in monthly deliveries compared to December 2018," according to the company release. NIO said the slowdown was mainly caused by an acceleration of deliveries at the end of last year, the seasonal slowdown at the start of the New Year, as well as macro-economic conditions in China, especially in the auto industry.
Shares of Ross Stores ticked more than 3 percent lower in extended trading Tuesday after issuing weak first-quarter guidance, despite strong fourth-quarter earnings. Beating on the top and bottom lines, the company posted earnings per share of $1.20 on revenues of $4.11 billion. Wall Street expected earnings per share of $1.13 on revenues of $4.05 billion, according to Refinitiv.
Ross's same store sales increased 4 percent, which topped estimates of a 2.3 percent increase. The stock moved lower based on weak first-quarter earnings per share guidance: between $1.05 and $1.11, compared to the forecast $1.18.
Shares of AeroVironment rose more than 9 percent after market close Tuesday based on better-than-expected third-quarter earnings. The aircraft company reported earnings per share of 35 cents, beating the forecast 14 cents. Revenue was in line with estimates at $75.3 million.
Ambarella shares jumped more than 8 percent after hours following a fourth-quarter earnings beat. The semiconductor company earned $51.1 million in revenue, topping estimates of $50.9 million. Earnings per share beat at 14 cents, compared to the 4 cents expected by analysts.
Shares of United Natural Foods shot up as much as 5 percent in extended trading following the release of its better-than-expected second-quarter earnings and strong full-year guidance. The grocery store company posted earnings per share of 44 cents on revenues of $6.15 billion. Analysts forecast earnings of 22 cents on revenues of $6 billion.
United Natural Foods issued strong 2019 guidance. It forecast full-year earnings per share between $2.00 and $2.40, compared to the estimated $1.17. The company sees 2019 revenues between $21.5 and $22.0 billion, in line with the expected $21.48 billion. The company's stock later rolled over and dipped slightly negative after hours.