Jack in the Box, Cisco, SmileDirectClub and more


A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif.

Glenn Koenig | Los Angeles | Getty Images

Check out the companies making headlines after the bell.

Cisco Systems — The technology company’s stock rose 2% in extended trading after Cisco reported third-quarter earnings. The company said it had earnings of 79 cents per share excluding some items on revenue of $11.98 billion, while analysts polled by Refinitiv expected earnings of 69 cents per share with revenue of $11.70 billion. Cisco reported an 8% drop in revenue from the

Read More

Netflix, Abbott Laboratories, BlackRock, Jack in the Box


Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020.

Gonzalo Fuentes | Reuters

Check out the companies making headlines midday on Thursday:

Netflix — Shares of the streaming giant rose nearly 5% to an intraday all-time high of $449.52 per share on Thursday. The stay-at-home stock got a boost when Goldman Sachs hiked its price target to $490 per share, tied for the highest on the Street. Goldman said Netflix will report better-than-expected earnings next week.

Abbott Laboratories — Abbott shares climbed more than 4% after the biotechnology company

Read More

Argentina a ‘black box’ as $70 billion debt talks enter final act


LONDON/BUENOS AIRES (Reuters) – Argentina’s $70 billion debt negotiations are entering the final act, with bondholders bracing for the worst as the South American country readies a restructuring deal already delayed by the coronavirus outbreak, which creditors fear will impose steep losses.

FILE PHOTO: General view of the 9 de Julio avenue deserted, one of the main avenues of the city, while Argentines stay at home during the mandatory quarantine due to coronavirus disease (COVID-19), in Buenos Aires, Argentina March 23, 2020. REUTERS/Matias Baglietto/File Photo

The grains producer, which has been grappling with recession and a mounting debt crisis, is

Read More

US box office headed for worst year since 1998


People pass by a closed movie theater on April 09, 2020 in New York City.

Angela Weiss | AFP | Getty Images

With theaters closed for the foreseeable future and studios postponing blockbusters until 2021, this year’s box office is expected to fall more than 40% compared with last year, a new report predicts.

Wedbush analyst Michael Pachter said he estimates the 2020 box office will reach around $6.6 billion. The last time the box office was this low was in 1998 when the industry reported $6.7 billion in ticket sales.

Through the first three months of the year, sales

Read More