Roku Inc. undefined shares were up 4% Monday after it announced it has reached an agreement to buy Nielsen Holdings' undefined Advanced Video Advertising business, allowing Roku to offer a fully addressable advertising solution for TV programmers. Roku will acquire Nielsen technology that can replace ads in linear feeds with targeted, household-level spots on over-the-top streaming platforms. Additionally, the companies entered a multiyear deal in which data from Roku's platform will be incorporated into the forthcoming Nielsen One cross-media measurement solution. Financial terms of the deal were not revealed. The sale is expected to close in the second quarter.
‘She’s putting in about 15 to 20 hours each week. The two families have shared the costs of the curriculum, school supplies and art supplies.’
‘As consumers dealt with the economic fallout of the pandemic, they increasingly faced problems with financial companies.’
Microchip maker Infineon Technologies undefined is going to replace telecom equipment maker Nokia undefinedundefined in the Euro Stoxx 50 undefined, Stoxx said late Monday. The move is effective March 22. Stoxx didn't provide an explanation, but microchip makers have been buoyed by strong demand and a shortage of supplies. In early trade, Nokia slipped 1.3% while Infineon slipped 0.4%.
The Boy Scouts of America are offering cash, artwork and other assets to sex-abuse victims under a bankruptcy plan filed Monday, an opening gambit by the youth group to move past the failures to protect children that have threatened its standing in American society.
Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, warned that corrections may come “sooner or later.”
Shares of Lumber Liquidators Holdings Inc. were indicated down about 1% in premarket trading Tuesday, after the hardwood-flooring retailer reported fourth-quarter profit and sales that beat expectations, while not providing financial guidance given uncertainties resulting from the COVID-19 pandemic. Net income rose to $31.1 million, or $1.07 a share, from $16.4 million, or 57 cents a share, in the year-ago period, helped by a $12.6 million income tax benefit. Excluding nonrecurring items, adjusted earnings per share came to $1.06, above the FactSet consensus of 49 cents. Total sales increased 11.1% to $304.2 million, beating the FactSet consensus of $296.5 million, as same-store sales grew 10.5% to beat expectations of an 8.7% rise, as "healthy" consumer demand for home improvement projects provided a boost. Gross margin decreased to 38.8% from 40.9% a year ago. "So far in 2021, our industry continues to benefit from consumer investment in home improvement," said Chief Executive Charles Tyson. "That said, there remains a good deal of uncertainty due to COVID-19, potential changes in consumer spending priorities and supply chain volatility." The stock has declined 10.2% over the past three months through Monday, while the S&P 500 has gained 6.4%.
Lemonade Inc. LMND shares declined in the extended session Monday after the mobile-based insurance company beat on results but provided an underwhelming outlook for the current quarter. Lemonade shares declined 4.5% after hours, following a 5.3% rise in the regular session to close at $132.43. The company reported a fourth-quarter loss of $33.9 million, or 60 cents a share, compared with a loss of $32.7 million, or $2.90 a share, in the year-ago period. Revenue declined to $20.5 million from $23.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 64 cents a share on revenue of $19.2 million, based on the company’s forecast of $18 million to $19 million. Lemonade expects revenue of $21.5 million to $22.5 million for the first quarter, and $114 million to $117 million for the year. Analysts had forecast revenue of $22.1 million for the first quarter, and $111.6 million for the year. Lemonade shares, which debuted 139% above their initial pricing on their first day of trade in July, are 350% above their $29 original pricing.
Berkshire Hathaway spends $24.7 billion on share buybacks. Apple’s iPhone 13 order could hit 100 million. And airline stocks are riding high amid increased vaccine optimism.
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 114.4 million on Tuesday, according to data aggregated by Johns Hopkins University, while the death toll rose above 2.54 million. T...
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