Blog – Left Sidebar

Yum China Holdings Inc. stock rise in the extended session Wednesday after the operator of KFC, Pizza Hut and other fast-food brands in China beat fourth-quarter expectations and warned it sees “significant headwinds” in the first quarter due to a COVID-19 resurgence in certain regions of China.

PayPal Holdings Inc.’s profit tripled in the fourth quarter as the company capped off what Chief Executive Dan Schulman called the strongest quarter in its history, fueled by accelerated adoption of digital payments during the pandemic.

Two of three major U.S. stocks indexes recorded modest gains Wednesday, but with the Nasdaq Composite closing lower, as energy stocks rose after oil rose to a 1-year high and Amazon and Google reported healthy results.

KLA Corp. shares ticked higher in the extended session Wednesday after the chip-making equipment company’s results and forecast came in above Wall Street estimates.