Wix.com Slips 1% on Plans for $350 Million Private Placement of Five-Year Convertible Senior Notes

Wix.com Slips 1% on Plans for $350 Million Private Placement of Five-Year Convertible Senior Notes

Wix.com Ltd. (WIX) was falling late Wednesday after announcing plans for a $350 million private placement of convertible senior notes due July 2023 to qualified institutional buyers. The web-development company also expects to issue a 13-day option to underwriters to buy up to $52.5 million more of the notes to cover potential over-allotments. The notes will be convertible at the investor’s option at any time prior to two days before […]

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Barnes & Noble Education Reports Surprise Fiscal Q4 Profit

Barnes & Noble Education Reports Surprise Fiscal Q4 Profit

Barnes & Noble Education (BNED), a provider of educational products and services solutions for higher education and K-12, reported an unexpected profit in its fiscal Q4 as sales improved. EPS totaled $0.36 for the period ended April 28, compared to breakeven per share, in the year-ago period. Analysts had expected a net loss of $0.02 per share, according to Capital IQ data, but it’s unclear if this is comparable. Fiscal […]

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Nasdaq Powers to Record High on Tech, Media Gains

Nasdaq Powers to Record High on Tech, Media Gains

Tech stocks and media companies powered the Nasdaq Composite to a record high on Wednesday, while the Dow Jones Industrial Average posted a seventh consecutive loss, the longest stretch in 15 months as tariff jitters continued to weigh. The Nasdaq climbed out of the gate, with gains driven by 21st Century Fox (FOX, FOXA) which rose 7.3% and 7.5% after Walt Disney (DIS) upped its bid for the company following […]

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