What's moving markets today
Not even Tiffany Haddish, the company's hilarious spokesperson, could help Groupon's fourth quarter.
- What's good: It beat on revenue by raking in nearly $800 million. But that was still below the same quarter a year ago.
- What's bad: Basically everything else. Earnings per share missed analysts' expectations and its profits decreased. Also, the number of people using Groupon in North America decreased nearly 3% compared with same quarter a year ago.
The number of people paying for Dish Network's old-fashioned satellite service keeps dwindling, the company reported this morning:
- 1.4 million subscribers ditched Dish's satellite service compared to the same quarter a year ago, bringing the total number of subscribers to 9.9 million.
- Dish's streaming service, Sling TV, gained roughly 200,000 subscribers year-over-year.
- The company's quarterly revenue slid 5%.
Shares of Dish (DISH) fell as much as 18% in premarket trading.
CNN's parent company, AT&T, owns Dish rival DirecTV, which is also losing subscribers.
Shares in Heineken (HEINY) shot up as much as 5% in Amsterdam after the world's second largest brewer reported earnings.
The Dutch company, which owns brands like Sol, Tiger and Amstel, reported sales growth of 6% for 2018, with its flagship Heineken brand posting its strongest results in a decade.
The company also touted a strong performance from its non-alcoholic beer, Heineken 0.0.
Heineken made a huge bet on China in August, buying a 40% stake in China Resources Beer, the maker of Snow. The transaction is currently awaiting regulatory approval.
US stock futures are pointing higher as investors find reasons to be optimistic about developments in Washington.
President Trump said yesterday he would be willing to stretch his March 1 deadline for reaching a deal with China if it appears the two sides are close to an agreement.
And while Trump expressed his displeasure at a border security deal struck by congressional negotiators that would avoid a US government shutdown, he stopped short of rejecting the agreement.