— Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the fourth quarter, below analyst expectations of $2.68 per share, according to FactSet. Big Lots also said it expects a "challenging" first quarter due in part to "the sales impact of supply chain disruption related to the coronavirus.
"— Shares of Apple dipped 1.7%, after being down more than 4% earlier in the day. Apple's stock briefly dipped into bear market territory, down more than 20% from its most recent 52-week high. Apple has been hit over fears the coronavirus would hurt demand in China, as well as disrupt its supply chain there. The company said last week that it will likely not meet its guidance for the first quarter because of the virus impact.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves in the premarket: Wayfair, Beyond Meat, Disney, Peloton & moreBeyond Meat and Wayfair fall on quarterly losses. BMO analyst names Disney his top pick. Does the FED take action during every flu season when the common flu kills or hospitalizes millions around the globe every year? This is a hoax folks, and the WS white collar Taliban financial terrorists are in process of stealing your money.. Another gift like Christmas 2018. Thanks media for the hysteria. It is the Best Buy signal ever created. EVERYBODY PANIC!
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus Wipes $5 Trillion Off Global Stocks As It Spreads To New CountriesGlobal stock markets have plummeted to their worst week since the 2008 financial crash, with $5 trillion wiped off global stocks as the coronavirus spreads to new countries Not gonna lie I thought that was Charlie Day, attorney of bird law... Y'all didn't really expect that shit to last did ya Hope the bloodsuckers burn!
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Open Lower, Face Biggest Weekly Losses Since 2008A market storm gathered pace as stock markets around the world sold off and investors struggled to calculate the economic fallout from the coronavirus epidemic. We offer Loans, Cash & Asset Backed Financial Instruments such as Bank Guarantee and Standby Letter of Credit (BG/SBLC) for lease and sale, and loan facilities. We offer verifiable bank instruments via SWIFT from genuine providers capable of taking up time bound transactions. WSJ more great news. Thanks for the panic alert!
Source: WSJ - 🏆 98. / 63 Read more »
European stocks set to fall further into correction territory as coronavirus grips marketsEuropean stocks are set to extend a historic week of losses on Friday as the coronavirus outbreak continues to pummel global markets into correction territory. territory** Just a global debt correction. A debtvirus. Sad sad
Source: CNBC - 🏆 12. / 72 Read more »
World stocks set for worst week since 2008 as virus fears grip marketsAsian stocks tracked another overnight plunge in Wall Street's benchmarks with the markets in China, Japan and South Korea all posting heavy losses. It's just the beginning
Source: trtworld - 🏆 101. / 63 Read more »
Global stocks head for worst week since the financial crisis amid fears of a possible pandemicWorld Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has 'pandemic potential.' $BA NO SH!T?! MSM- we're all doomed!
Source: CNBC - 🏆 12. / 72 Read more »