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Domino's Drops on Sales Growth Miss; Bumble Goes Private | Stock Movers

Key Points

On this episode of Stock Movers: - Domino's Pizza (DPZ) shares are lower after the restaurant chain reported total domestic stores comp sales growth for the third quarter that missed the average analyst estimate. - Johnson & Johnson (JNJ) shares are moving as the company reports earnings. J&J raised its profit guidance as demand for newer drugs in cancer and autoimmune diseases overshadowed more anemic growth in the company’s medical device business.

On this episode of Stock Movers: - Domino's Pizza (DPZ) shares are lower after the restaurant chain reported total domestic stores comp sales growth for the third quarter that missed the average analyst estimate. - Johnson & Johnson (JNJ) shares are moving as the company reports earnings. J&J raised its profit guidance as demand for newer drugs in cancer and autoimmune diseases overshadowed more anemic growth in the company’s medical device business. - Bumble (BMBL) shares are halted on news Ithaca is taking Bumble private for $1.3 billion, with a deal price of $6.05 per share. Bumble founder Whitney Wolfe Herd said she would “remain actively involved with Bumble” after the deal, which marks a significant change for the company that was valued at $14 billion when it went public. (Source: Bloomberg)
Domino (PERSON) Stock Movers: - Domino's (ORG) DPZ (ORG) Johnson & Johnson (ORG) JNJ (ORG) J&J (PERSON) BMBL (ORG) Ithaca (LOCATION) Bumble (ORG) Whitney Wolfe Herd (PERSON) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →