FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Amazon Sued by New Jersey AG for Alleged Antitrust Violations

By

Amazon.com (AMZN) was sued Tuesday by New Jersey Attorney General Jennifer Davenport, who accused the online retailer of abusing its market power over independent delivery drivers, Reuters reported, citing court documents.

Amazon and Davenport's office didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $278.13, Change: $-5.89, Percent Change: -2.07%

Related Articles

Wire

Ethos Q2 Adjusted Earnings, Revenue Rise; Q3 Guidance Set

Ethos (LIFE) reported Monday fiscal Q2 adjusted earnings of $0.53 per diluted share, up from $0.32 a year earlier.Four analysts polled by FactSet expected $0.33.Revenue for the quarter ended June 30 was $189.6 million, up from $88.8 million a year ago.Analysts expected $117.3 million.The company expects Q3 revenue of $160 million to $164 million. Analysts expect $120 million.For the full fiscal year 2026, Ethos now expects total revenue of $727 million to $731 million. Analysts expect $564.9 million.Ethos also announced that its board authorized a share repurchase program of up to $100 million of its outstanding Class A common stock.

$LIFE
Wire

Custom Truck One Source Swings to Q2 Profit, Revenue Rises; Shares Gain After Hours

Custom Truck One Source (CTOS) reported Q2 earnings late Monday of $0.05 per diluted share, compared with the loss of $0.13 a year earlier.Four analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended June 30 rose to $563.4 million from $511.5 million a year ago.Analysts surveyed projected $509.8 million.The company expects full-year revenue of $2.1 billion to $2.2 billion. Analysts project $2.05 billion.The company's shares jumped 10% in after-hours trading.

$CTOS
Wire

Alexandria Real Estate Equities Q2 Funds From Operations, Revenue Fall

Alexandria Real Estate Equities (ARE) reported Q2 funds from operations late Monday of $1.73 per diluted share, down from $2.33 a year earlier.Analysts polled by FactSet expected $1.64.Revenue in the three months ended June 30 fell to $662.8 million from $762 million a year earlier.Alexandria Real Estate projects Q4 adjusted funds from operations at the lower end of its previous guidance of $1.40 to $1.50 a share.The company expects 2026 adjusted funds from operations of $6.35 to $6.45 a share, compared with the previous forecast of $6.30 to $6.50.The company's shares rose 1.8% in after-hours trading.

$ARE