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.’
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.
Microchip maker Infineon Technologies is going to replace telecom equipment maker Nokia in the Euro Stoxx 50 , 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%.
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.
C3.ai Inc. AI shares fell in the extended session Monday after the artificial-intelligence software company reported its first quarterly results as a public company following a big run-up in its stock price. C3.ai shares fell 11% after hours, following a 7.6% gain in the regular session to close at $121.05. In December, the stock finished up more than double its initial pricing of $42 in its Wall Street debut, and is currently 188% above its IPO pricing. The company reported a third-quarter loss of $16.9 million, or 23 cents a share, compared with a loss of $9.8 million, or 27 cents a share, in the year-ago period. The company’s adjusted loss, which excludes stock-based compensation expenses and other items, was $11.9 million, while analysts surveyed by FactSet had estimated $16 million. C3 did not provide an adjusted loss per-share figure. Revenue rose to $49.1 million from $41.3 million in the year-ago quarter. Analysts had forecast revenue of $47.3 million. C3.ai forecast revenue of $50 million to $51 million for the fourth quarter, and revenue of $180.9 million to $181.9 million for the year. Analysts had estimated revenue of $48.3 million for the fourth quarter, and revenue of $177.1 million for the year.
Macy's Inc. said late Monday that John Harper, chief operations officer, will depart the company effective Aug. 1, and after that the COO role will be eliminated. The company also said that Laura Miller has been appointed chief information officer, effective March 15, reporting directly to Chief Executive Jeffrey Gennette. Miller succeeds chief technology officer Naveen Krishna, who is leaving the company. Shares of Macy's rose 0.8% in the extended session, after ending the regular trading day up 0.7%.
The Sherwin-Williams Co. said late Monday that David B. Sewell, its president and chief operating officer, will resign on March 12 to become chief executive officer of another company outside of the coatings industry. The new company was not named. Sewell's COO role will not be filled immediately, Sherwin-Williams said. Chief Executive Officer John Morikis will serve as president in addition to his current role and assume the COO's primary duties and responsibilities, the company said. Shares of Sherwin-Williams were flat in the extended session Monday after ending the regular trading day up 2%.
The world’s singular focus right now should be to keep transmission of COVID-19 as low as possible, said Dr. Michael Ryan, director of WHO's emergencies program.
Ashtead Group PLC on Tuesday reported a fall in pretax profit for the third quarter of fiscal 2021 on lower revenue but said that results were stro...
Flutter Entertainment PLC said Tuesday that pretax profit for 2020 fell sharply due to noncash acquisition accounting adjustments and that it has s...
Taylor Wimpey PLC said Tuesday that pretax profit fell 68% in 2020 in line with market expectations as sales fell, and reinstated dividends. The ho...
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