by MarketNewsData
  • EAT (Brinker International Inc.) stock rose 3.5% after the company reported better-than-expected earnings and revenue for the quarter. The restaurant chain credited strong sales at its Chili’s and Maggiano’s locations for the positive results.
  • EBAY (eBay Inc.) shares jumped 6% following news of a potential takeover bid from activist investor Elliott Management. The online marketplace has been exploring strategic options, including a possible sale of its classifieds business.
  • SHEL (Shell Midstream Partners LP) stock fell 2% as the company announced a decrease in its quarterly distribution to shareholders. The drop in distribution was due to lower transportation volumes and increased operating costs in the current market environment.
  • URI (United Rentals Inc.) reported a 12% decline in revenue for the quarter, sending its stock down 4%. The equipment rental company cited lower demand from construction and industrial customers as the primary reason for the revenue decrease.
  • WTRG (Essential Utilities Inc.) stock was up 1% after the water and wastewater utility company announced plans to acquire Peoples Natural Gas for $4.3 billion. The acquisition is expected to expand Essential Utilities’ footprint in the natural gas distribution market.
  • WYNN (Wynn Resorts Ltd.) shares dropped 5% as the casino operator reported a 60% decline in revenue for the quarter. Wynn attributed the revenue decrease to the impact of the COVID-19 pandemic on its operations in Macau and Las Vegas.
  • SNAP (Snap Inc.) stock rose 8% after the social media company reported better-than-expected earnings and user growth for the quarter. Snap’s revenue increased by 17% year-over-year, driven by strong advertising demand on its platform.
  • DKNG (DraftKings Inc.) shares surged 10% on news of a partnership with sports betting operator SBTech. The partnership will allow DraftKings to expand its sports betting and iGaming offerings in additional states, further solidifying its position in the growing online gambling market.

Read more at Yahoo Finance: Market Digest: EAT, EBAY, SHEL, URI, WTRG, WYNN, SNAP, DKNG

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