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ARC Group Worldwide, Inc. stock price
ARC Group Worldwide, Inc. latest news:
UPS shares rise as earnings beat estimates
United Parcel Service, Inc. shares jumped 1.2% in premarket trade Thursday after the company announced quarterly results that beat estimates. The worldwide logistics company said it had net income of $1.38 billion, or $1.59 per share, in the quarter, up from $1.27 billion and $1.43 per share in the prior-year period. Adjusted per-share earnings were $1.58, higher than the FactSet consensus of $1.47. Revenues were $15.8 billion in the quarter, compared to $14.6 billion a year ago, driven largely by domestic e-commerce activity. "We continue to invest in our network to expand our capabilities, our market presence and our global reach," CEO David Abney said. The stock has declined 2% in the year-to-date, while the S&P 500 is up 9.9%. 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.
Google fined €2.42 billion by EU antitrust watchdog
Google Inc. has been fined 2.42 billion euros ($2.72 billion) by the European Union's antitrust regulators for giving illegal advantage to its comparison shopping service. The search engine giant has 90 days to "end its conduct" or face penalty payments of up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company, the European Commission said in a statement Tuesday. "Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors," Competition Commissioner Margrethe Vestager said in the statement. Google could not be reached immediately for comment. Alphabet shares were down 1% in premarket trading.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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