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MarketWatchFeb 20, 2020
Market Snapshot: Dow futures slip as coronavirus death toll outside of China rises
U.S. stock futures edged slightly lower early Thursday, retreating after the S&P 500 and the Nasdaq booked all-time closing highs in the previous session.

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Dow futures slip as coronavirus death toll outside of China rises - MarketWatch (Google Business News)

MarketWatch MarketPulseFeb 20, 2020
Intelsat's stock soars after net loss, revenue beat expectations
Shares of Intelsat S.A. shot up 9.6% in midday trading Thursday, paring earlier gains of as much as 19%, after the Luxembourg-based communications satellite reported before the open a narrower-than-expected loss and revenue that fell less than forecast. The net loss was $115.0 million, or 81 cents a share, after a loss of $111.3 million, or 81 cents a share, in the year-ago period. The FactSet consensus was for a net loss per share of 94 cents. Revenue fell 4.8% to $517.0 million, above the FactSet consensus of $500.9 million. Network services revenue fell 1% to $200.2 million, media revenue declined 9% to $210.6 million and government revenue fell 2% to $96.0 million. For 2020, the company expects revenue of $1.93 billion to $1.98 billion, compared with the FactSet consensus of $1.98 billion. The stock, which has now bounced 42% since it closed at a 2-year low of $3.10 on Feb. 14, has still plunged 38.3% over the past three months through Wednesday, while the S&P 500 has gained 7.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseFeb 20, 2020
Natural-gas prices turn higher as EIA data show weekly U.S. supplies down 151 billion cubic feet
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 151 billion cubic feet for the week ended Feb. 14. Analysts at The Price Futures Group forecast a decline of 150 billion cubic feet. Total stocks now stand at 2.343 trillion cubic feet, up 613 billion cubic feet from a year ago, and 200 billion cubic feet above the five-year average, the government said. March natural gas was up 1.2 cents, or 0.6%, at $1.967 per million British thermal units. It was trading at $1.942 shortly before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseFeb 20, 2020
Plug Power's stock surges to 5 1/2-year high after partnership to build zero-emission commercial trucks
Shares of Plug Power Inc. surged 5.3% in active morning trading Thursday, to reach the highest price seeing during regular-session hours since August 2014 in intraday trading, after the hydrogen engine maker announced a partnership to build zero-emission commercial trucks. Trading volume swelled to 17.5 million shares, already more than the full-day average of 15.1 million shares. Plug said it was partnering with Lightning Systems, which develops zero-emission drivetrains, to offer the first electric, fuel cell-powered Class 6 trucks (up to 12.5 tons), which are capable of supporting middle-mile delivery logistics. The standard vehicle will have an average range of more than 200 miles, with an extended range option available at 400 miles. The trucks are expected to be commercially available to the public in the third quarter of 2020. Plug's stock has rocketed 91% year to date, while the S&P 500 has gained 4.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseFeb 20, 2020
ViacomCBS shares slide 9% premarket after earnings fall short of estimates
Shares of ViacomCBS Inc. fell more than 9% in premarket trade Thursday, after the company missed earnings estimates for the fourth quarter. In its first earnings report since Viacom and CBS rejoined forces three months ago, the company posted a loss of $273 million, or 44 cents a share, for the quarter, after earnings of $884 million, or $1.43 a share, in the year-earlier period. Adjusted per-share earnings came to 97 cents, below the $1.41 FactSet consensus. Revenue fell 3% to $6.871 billion from $7.092 billion, also below the $7.339 billion FactSet consensus. The numbers included merger-related expenses and operating costs that are expected to be mitigated through benefits of the combined company, the company said in a statement. "In 2020, our priorities are maximizing the power of our content, unlocking more value from our biggest revenue lines and accelerating our momentum in streaming," Chief Executive Bob Bakish said in the statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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