The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Check out the companies making headlines after the bell:
Shares of the lighting and LED company Cree fell as much as 7% in after-hours trading after the company's outlook fell far below expectations. The company said it expects an adjusted first-quarter loss per share between 3 cents and 7 cents on revenue between $237 million and $243 million. Analysts had forecast adjusted earnings of 15 cents a share on $251 million in revenue, according to Refinitiv consensus estimates. That news outweighed better than expected fourth-quarter earnings and revenue.
Urban Outfitters initially jumped 4% after reporting second-quarter earnings that beat analyst expectations, before reversing to trade almost 2% lower as revenue came up short. The retail company reported earnings per share of 61 cents on revenue of $962 million. Analysts had expected earnings per share of 58 cents on revenue of $980.6 million, according to Refinitiv.
CEO Richard Hayne told analysts on a conference call, "This year's second quarter will not be remembered as one of Urban's finest. We produced sales and margins below our expectations."
"This resulted in higher year-over-year markdowns and lower margins. Lower store traffic accentuated negative store comp performance and weighed on overall results," he said.
The stock has been volatile during late trading and was last seen about 1% higher.
Shares of the home construction company Toll Brothers dropped more than 1% after the company said its quarterly profit fell 24%. The company reported that its net income for the fourth quarter fell to $146.3 million, or $1.00 per share, from $193.3 million, or $1.26 a share, a year ago. Douglas Yearley, Jr., Toll Brothers' chairman and chief executive officer, cited a decline in contracts during the third quarter.