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MarketWatch MarketPulseFeb 19, 2020
Tesla nets $2.31 billion in recent stock offering
Tesla Inc. netted $2.31 billion in its recent stock offering, the company said in a filing late Wednesday. The company sold 2.65 million shares and the deal's underwriters exercised in full the option to buy another 397,500 shares, Tesla said. Tesla jolted markets last week in announcing the share offering and also a previously undisclosed SEC probe. The offer priced on Friday at $767 a share. Tesla shares ended 6.9% higher on Wednesday thanks in part to a price-target increase by analysts at Piper.

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 19, 2020
Boston Beer stock drops on earnings, outlook miss
Boston Beer Co. shares dropped in the extended session Wednesday after the Samuel Adams beer parent company's earnings and outlook fell short of Wall Street estimates. Boston Beer shares fell 8.2% after hours, following a 0.7% rise in the regular session to close at $429.00. The company reported fourth-quarter net income of $13.8 million, or $1.12 a share, compared with $21.8 million, or $1.86 a share, in the year-ago period. Boston Beer said the most recent quarter included a charge of 18 cents a share and a tax benefit of 6 cents a share. Revenue rose to $320.2 million from $239.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.56 a share on revenue of $283.8 million. Boston Beer expects adjusted earnings of $10.70 and $11.70 a share, while analysts had forecast $11.77 a share.

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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MarketWatch MarketPulseFeb 19, 2020
IMAX shares rise 4% as earnings, revenue beat estimates
IMAX Corp. shares rose 5% in after-hours trading Wednesday after the theater chain reported fourth-quarter earnings that beat Wall Street estimates. IMAX reported net income of $21.4 million, or 29 cents a share, in the quarter, compared with net income of $3.8 million, or 3 cents a share, in the year-ago fourth quarter. Revenue jumped 14% to $124.3 million from $109 million a year ago. Analysts surveyed by FactSet had expected net income of 28 cents a share on sales of $117.4 million. IMAX shares are down 20.4% over the last 12 months. The broader S&P 500 index has gained 21.6% in the last year.

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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Jack in the Box shares dip 1% on earnings miss (MarketWatch MarketPulse)

MarketWatch MarketPulseFeb 19, 2020
Sleep Number stock gains after Q4 earnings beat, outlook
Shares of Sleep Number Corp. rose more than 6% in the extended session Wednesday after the mattress maker reported fourth-quarter earnings that topped Wall Street views. Sleep Number said it earned $24 million, or 82 cents a share, in the quarter, compared with $27 million, or 81 cents a share, in the year-ago period. Sales rose 7% to $441 million. Analysts polled by FactSet expected earnings of 75 cents a share on sales of $427 million. Sleep Number guided for full-year 2020 EPS of $3.10, an outlook that the company said assumes "high-single digit net sales growth for 2020, including the benefit of an extra fiscal week." Sleep Number shares ended the regular trading day up 0.5%.

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 19, 2020
Oil futures settle higher, with U.S. prices at a nearly 3-week high
Oil futures settled higher on Wednesday, with U.S. prices at their highest in almost three weeks. Prices got a boost after the U.S. imposed sanctions on an arm of Russian oil giant Rosneft, as well as reports of a further decline in Libyan oil output. A slowdown in the spread of COVID-19 also eased worries about energy demand. March WTI oil rose $1.24, or 2.4%, to settle at $53.29 barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since Jan. 29, according to FactSet 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.


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