Advertisement
Canada markets close in 4 hours 15 minutes

  • S&P/TSX

    21,930.93
    +45.55 (+0.21%)
     

  • S&P 500

    5,104.44
    +56.02 (+1.11%)
     

  • DOW

    38,233.12
    +147.32 (+0.39%)
     

  • CAD/USD

    0.7309
    -0.0014 (-0.19%)
     

  • CRUDE OIL

    84.08
    +0.51 (+0.61%)
     

  • Bitcoin CAD

    86,899.13
    -509.95 (-0.58%)
     

  • CMC Crypto 200

    1,320.30
    -76.23 (-5.46%)
     

  • GOLD FUTURES

    2,344.10
    +1.60 (+0.07%)
     

  • RUSSELL 2000

    1,995.05
    +13.93 (+0.70%)
     

  • 10-Yr Bond

    4.6650
    -0.0410 (-0.87%)
     

  • NASDAQ

    15,939.28
    +327.52 (+2.10%)
     

  • VOLATILITY

    15.49
    +0.12 (+0.78%)
     

  • FTSE

    8,145.21
    +66.35 (+0.82%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6836
    +0.0015 (+0.22%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Company News for May 6, 2020

Zacks Equity Research
·1 min read

  • Shares of Lumentum Holdings Inc. LITE rose 4.7% after the company reported third-quarter 2020 earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.06.

  • Share of Illinois Tool Works Inc. ITW rose 0.9% after the company reported first quarter earnings of $1.77 per share, surpassing the Zacks Consensus Estimate of $1.71.

  • Shares of Incyte Corporation INCY plunged 2.2% after the company reported first quarter adjusted loss of $2.86 per share in contrast to the Zacks Consensus Estimate of earnings of 8 cents.

  • Shares of Portola Pharmaceuticals, Inc. PTLA jumped more than 100% afterthe company announced it will be acquired by Alexion Pharmaceuticalsfor $18 per share in cash.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Incyte Corporation (INCY) : Free Stock Analysis Report
 
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
 
Portola Pharmaceuticals, Inc. (PTLA) : Free Stock Analysis Report
 
Lumentum Holdings Inc. (LITE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research