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Chicago Mercantile Exchange › (CME:FC.J14)

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Today's Financial News

ChannelAdvisor reports second-quarter loss but tops expectations

2 hours, 27 minutes ago

MORRISVILLE, N.C. (AP) _ ChannelAdvisor Corp. (ECOM) on Tuesday reported a loss of $6.5 million in its second quarter. The Morrisville, North Carolina-based company said it had a loss of 26 cents per share. Losses, adjusted for stock option expense and severance costs, were 10 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

Apple stock falls for fifth straight day, as investors worry about China, future iPhone sales

2 hours, 31 minutes ago

SAN FRANCISCO (AP) — Apple is slumping as the usually high-flying tech stock struggles with the burden of raised expectations. Apple shares closed Tuesday at $114.64 — down 14 percent since hitting a record $133.60 in February. That puts Apple in a "correction," which is Wall Street jargon for price declines of 10 percent or more from a peak. The slide has wiped out more than $96 billion in market value.

Enphase Energy reports second-quarter loss of $603,000

2 hours, 31 minutes ago

PETALUMA, Calif. (AP) _ Enphase Energy Inc. (ENPH) on Tuesday reported a loss of $603,000 in its second quarter. The Petaluma, California-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 6 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

Arrowhead Research posts 3rd-quarter loss of $15.9 million

2 hours, 31 minutes ago

PASADENA, Calif. (AP) _ Arrowhead Research Corp. (ARWR) on Tuesday reported a loss of $15.9 million in its fiscal third quarter. On a per-share basis, the Pasadena, California-based company said it had a loss of 27 cents. The drug developer posted revenue of $124,000 in the period. Arrowhead Research shares have declined 18 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.03, a decrease of 49 percent in the last 12 months.

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