AGNC Investment announced that its tangible net book value per share had fallen in the third quarter, based on preliminary results. The company attributed this decline to market volatility. AGNC Investment also stated that it anticipated a total comprehensive loss of $1.02 per share for the same quarter. Following this announcement, the company's shares dropped by 10%, reaching $7.28 after-hours.
Herc Holdings Considers Strategic Alternatives for Cinelease
Herc Holdings, a leading equipment rental company, revealed its plans to explore strategic alternatives for its studio management and lighting and grip-equipment rental business, Cinelease. The decision was prompted by shifting dynamics in the studio entertainment industry. Herc Holding's CEO, Larry Silber, made this announcement. Subsequently, the company's shares increased by 5% after-hours, reaching $112.60.
Redfin Secures Financing Deal with Apollo Capital Management
Redfin, a real-estate brokerage, recently finalized a financing deal with Apollo Capital Management, which is valued at up to $250 million. According to Redfin, this agreement will enhance its balance sheet by extending debt maturities and providing additional flexibility. The announcement resulted in a 9.4% surge in Redfin's shares after-hours, reaching $5.58.
Investors await updates from Netflix on ad subscription plan and pricing strategy. Concerns persist about the impact on future growth.
European regulators are examining Chinese auto makers' subsidies, including Tesla, amid concerns about market distortion. Potential outcomes could include impor...