Check out the companies making headlines in extended trading. Chubb — The property and casualty insurer gained nearly 6% after Berkshire Hathaway revealed it has bought nearly 26 million shares of Zurich-based company for a stake worth $6.7 billion. Chubb became Berkshire’s ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. AST SpaceMobile announced a commercial agreement with AT & T to bring its space-based broadband network direct to everyday cell phones. AT & T shares were little changed. The company also posted a narrower-than-expected loss of 16 cents per share for the first quarter, compared to a 23 cent loss per share in the year-ago period. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts’ estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. B. Riley Financial — The Los Angeles-based middle-market investment bank fell 2% after losing $1.71 per share in the first quarter, reversing year earlier net income of 51 cents. Riley, which received a Nasdaq delinquency notice in March, left its quarterly dividend at 50 cents a share after halving it in February . Hawkins — The Minnesota-based che …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in extended trading. Chubb — The property and casualty insurer gained nearly 6% after Berkshire Hathaway revealed it has bought nearly 26 million shares of Zurich-based company for a stake worth $6.7 billion. Chubb became Berkshire’s ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. AST SpaceMobile announced a commercial agreement with AT & T to bring its space-based broadband network direct to everyday cell phones. AT & T shares were little changed. The company also posted a narrower-than-expected loss of 16 cents per share for the first quarter, compared to a 23 cent loss per share in the year-ago period. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts’ estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. B. Riley Financial — The Los Angeles-based middle-market investment bank fell 2% after losing $1.71 per share in the first quarter, reversing year earlier net income of 51 cents. Riley, which received a Nasdaq delinquency notice in March, left its quarterly dividend at 50 cents a share after halving it in February . Hawkins — The Minnesota-based che …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
