Markets traded lower during Friday’s pre-market session following the Bureau of Economic Analysis report on a 5.4% increase in the personal consumption expenditures (PCE) price index for the month of January.
Profitability: Net income attributable to Golar of $141.1 million for the quarter, including:
A $57.0 million realized gain (100% basis) on the FLNG Hilli Brent oil and TTF
Rosenblatt raised Apple Inc. (NASDAQ: AAPL) price target from $160 to $189. Rosenblatt analyst Barton Crockett also upgraded the stock from Neutral to Buy. Apple shares fell 2.3% to $146.33 in pre-market trading.
Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
Over the past 3 months, 4 analysts have published their opinion on Golar LNG (NASDAQ:GLNG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.