Domino's Drops on Sales Growth Miss; Bumble Goes Private | Stock Movers
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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. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcas
Tags: Alexis Christoforous, Apps, Big pharma, Bumble Trading, Damian Sassower, Dating App, Domino's Pizza Inc., Economy, Fast food, Food, Growth, Health Insurance, Investing, Johnson & Johnson, Medtech, Pharmaceuticals, Pizza, Restaurants, Spending, Tom Keene
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