Shares Fall as Earnings Studies Roll In; Gold Falls Additional After Worst Day in 12 Years

DraftKings Expands Into Prediction Markets Sport With Railbird Acquisition

18 minutes in the past

DraftKings (DKNG) is increasing into the booming prediction markets enterprise.

The corporate introduced after the shut Tuesday that it’s shopping for Railbird Applied sciences, which it stated would assist the corporate’s plans to supply regulated occasion contracts. Monetary concerns of the deal weren’t disclosed.

Co-founder and CEO Jason Robins stated the addition of Railbird “positions us to win on this incremental area.”

With the acquisition, DraftKings stated it plans to launch “DraftKings Predictions” within the coming months, a cell app permitting prospects to commerce regulated occasion contracts “on real-world outcomes throughout finance, tradition, and leisure.”

The transfer might assist DraftKings compete extra instantly with choices from prediction market operators Kalshi and Polymarket, which have seen their reputation and valuations soar this 12 months.

Shares of DraftKings have been up about 2% in latest buying and selling following the information, although they remained down about 8% for 2025.

–Invoice McColl

Texas Devices Inventory Drops on Comfortable This autumn Outlook

53 minutes in the past

Texas Devices’ third-quarter outcomes have been a blended bag. Its current-quarter outlook actually appears to have upset traders.

After the bell Tuesday, Texas Devices (TXN) reported revenue of $1.48 per share on income that elevated 14% year-over-year to $4.74 billion. Analysts surveyed by Seen Alpha have been in search of $1.51 and $4.65 billion, respectively.

For This autumn, the Dallas-based agency guided for EPS between $1.13 and $1.39 on income from $4.22 billion to $4.58 billion. Analysts have been calling for $1.41 and $4.51 billion.

A number of analysts lower their worth targets on the inventory, with Morgan Stanley slashing its to $175 from $192, calling its income outlook “a shock.”

Texas Devices shares have been down about 6.5% lower than an hour into the buying and selling day at roughly $169. They’re almost 10% decrease this 12 months.

Watch These Key Netflix Value Ranges as Inventory Drops After Disappointing Earnings

1 hr 32 min in the past

Netflix (NFLX) shares tumbled in premarket buying and selling Wednesday after the streaming big ‘s third-quarter earnings got here in wanting Wall Road expectations.

The corporate posted earnings per share of $5.87, in contrast with the $6.92 EPS that analysts tracked by Seen Alpha had anticipated. Executives stated an unplanned cost tied to an “ongoing dispute with Brazilian tax authorities” weighed on profitability within the quarter. Income rose 17% from the year-earlier interval to $11.51 billion, consistent with analysts’ estimates, and Netflix projected one other 17% improve within the fourth quarter, pushed by membership development, pricing changes and elevated advert income.

Netflix shares have been down greater than 7% at round $1,150 in latest premarket buying and selling. Via yesterday’s shut, the inventory had risen 40% because the begin of the 12 months, far outpacing the 15% achieve of the benchmark S&P 500 index over the interval.

After hitting their report excessive in late June, Netflix shares have consolidated inside a descending triangle, a bearish chart sample that indicators a possible transfer decrease.

Certainly, the inventory seems to be set to tumble towards the sample’s decrease trendline following the streamer’s weaker-than-expected earnings report, reinforcing a downward bias.

Learn the complete technical evaluation piece right here.

–Timothy Smith

Hilton Inventory Rises as Luxurious Manufacturers Energy Stronger-Than-Anticipated Outcomes

2 hr 20 min in the past

Hilton Worldwide Holdings (HLT) shares superior 3% lower than an hour earlier than the bell after the lodge chain reported better-than-expected third-quarter outcomes, aided by beneficial properties in its luxurious manufacturers.

The McLean, Va.-based firm posted adjusted earnings of $2.11 per share on income that rose virtually 9% year-over-year to $3.12 billion. Analysts polled by Seen Alpha had anticipated $2.06 and $3.01 billion, respectively.

Though system-wide comparable RevPAR decreased 1.1%, barely worse than anticipated, it rose at luxurious manufacturers LXR, Conrad, and Waldorf Astoria by 6.4%, 2.6%, and 1.7%, respectively.

Hilton now sees full-year system-wide comparable RevPAR from flat to up 1% versus the prior projection of flat to up 2%, however lifted its adjusted EPS steering to a variety of $7.97 to $8.06 from $7.83 to $8.00.

“We stay optimistic that within the U.S., decrease rates of interest, a extra favorable regulatory setting, certainty on tax coverage and a big funding cycle will speed up financial development and journey demand,” CEO Christopher Nassetta stated.

Hilton shares entered Wednesday up about 8% this 12 months.

Mattel Inventory Sinks After Q3 Outcomes Are available in Worse Than Anticipated

3 hr 4 min in the past

Shares of Mattel (MAT) have been down almost 6% earlier than the bell after the Barbie maker reported weaker-than-expected third-quarter outcomes.

After the bell Tuesday, the El Segundo, Calif.-based toymaker posted adjusted earnings of $0.89 per share on internet gross sales that fell 6% year-over-year to $1.74 billion. Analysts surveyed by Seen Alpha had anticipated $1.04 and $1.83 billion, respectively.

Gross margin decreased to 50.0% from 53.1% a 12 months in the past, which Mattel stated was “primarily as a result of impacts of unfavorable international trade, inflation, tariff prices, and better gross sales changes, partially offset by price financial savings.”

“Our U.S. enterprise was challenged within the third quarter by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz stated.

Mattel shares entered the day up 6% year-to-date, whereas the benchmark S&P 500 is up almost 15%.

Inventory Futures Little Modified After Combined Session

3 hr 42 min in the past

Futures tied to the Dow Jones Industrial Common have been fractionally decrease.

S&P 500 futures have been up 0.1%.

Nasdaq 100 futures have been lower than 0.1% decrease.