Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    86,376.84
    -1,628.08 (-1.85%)
     

  • CMC Crypto 200

    1,311.62
    -84.91 (-6.08%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Verizon earnings to 'plateau'; Altice buys Cablevision; Rite Aid misses and cuts

Susannah Lee

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Rite Aid

Rite Aid (RAD) tumbled after reporting a mixed quarter. The drug store chain missed profit expectations by 2 cents at $0.02 a share and cut its earnings guidance for the full-year. Rite Aid did post revenue above forecasts. Same-store sales also increased 2.1%.

Verizon Communications 

Verizon Communications (VZ) was the Dow's biggest decliner. Shares fell after its CEO said earnings next year may quote "plateau." The telecom giant is struggling with consumer demand disruptions as the communications and cable businesses continue to evolve. Verizon is also dealing with a pending sale of operations to Frontier Communications (FTR).

ADVERTISEMENT

Get the Latest Market Data and News with the Yahoo Finance App

Cablevision 

Cablevision (CVC) surged after sealing a deal to be bought. The cable operator is being acquired by French cable company Altice for $34.90 a share, that's a 22% premium to Cablevision's last closing price. The $17.7 billion deal would create the fourth-largest cable and telecom company in the U.S.