Avis’s stock drops after company sells record number of cars into a tough used-car market
Avis Budget Group’s stock was having its worst day in four years on Tuesday, after the car-rental company said it sold a record number of vehicles during the fourth quarter in a bad market for used cars, due to vehicle oversupply and a spike in interest costs.
Norwegian Cruise Line’s stock rallied toward its biggest gain in 16 months, after the cruise operator provided a surprising profit outlook for the current quarter, citing continued “healthy consumer demand” and record bookings.
Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform.
Shares of WW International Inc., better known as Weight Watchers, tumbled after hours on Wednesday, as the weight-loss platform said Oprah Winfrey planned to leave its board and donate her stake in the company after revealing that she used a ...