Starbucks, Chevron, Norwegian Cruise Line, Alphabet & more

spike

A pedestrian wearing a protective mask walks in front of a temporarily closed Starbucks coffee shop in Brooklyn, New York, on Monday, April 27, 2020.

Gabby Jones | Bloomberg via Getty Images

Check out the companies making headlines midday Tuesday:

Starbucks — The coffee chain’s stock rose 2.8% after Starbucks CEO Kevin Johnson said that 85% of its U.S. stores would be open by the end of the week. The stores will have modified hours and operations. The company also sold $3 billion of new bonds on Monday.

Chevron – Shares of the oil giant jumped more than 3% on

Read More

Alphabet, Boeing, Gilead & more

spike

Prakash Singh | AFP | Getty Images

Check out the companies making headlines in midday trading. 

Alphabet — Shares of Google-parent Alphabet rose 9% following the technology giant’s quarterly earnings. The report showed advertising revenue slowed but is starting to moderate.  Adjusted earnings came in at $9.87 per share, lower than the $10.33 forecast by analysts, according to Refinivitv. Revenue came in at $41.16 billion, topping estimates of $40.29 billion.

Gilead Sciences — Gilead Sciences’ stock jumped more than 6% after it said two studies showed that one of its therapies could be a viable treatment for Covid-19. Its drug

Read More

Alphabet earnings drive futures higher ahead of GDP data

spike

(Reuters) – U.S. stock index futures rose on Wednesday after Google-parent Alphabet reported upbeat quarterly results, while investors braced for data that could show a sharp contraction in the domestic economy.

FILE PHOTO: The floor of the New York Stock Exchange (NYSE) stands empty as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson

Alphabet Inc (GOOGL.O) jumped 8% in premarket trading, as a drop in Google ad sales steadied in April and some consumers returned to using the search engine for shopping in addition

Read More

Alphabet warns of difficult quarter as consumers Google pandemic, not shopping

spike

(Reuters) – Alphabet Inc (GOOGL.O) on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.

FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann

Shares of Alphabet rose 4% to $1,282 following the after-hours release of financial results. Alphabet shares were down about 8% this year at Tuesday’s close.

A booming economy and rising internet usage have driven Google to record revenues in the last few years. But the virus has split

Read More