RTTNews | Sep 10, 2020 04:45PM EDT

04:45 Thursday, September 10, 2020

|BEGINSUB|Asian Shares Turn In Mixed Performance In Cautious Trading|ENDSUB|Asian stocks turned in a mixed performance on Thursday as caution prevailed following the tech-led rebound on Wall Street. Investors were looking ahead to the European Central Bank's monetary policy decision due later in the day.

|BEGINSUB|European Markets Close Lower After ECB Policy Announcement|ENDSUB|European markets ended mostly lower on Thursday after a somewhat volatile session. Investors were reacting to the European Central Bank's monetary policy announcement and tracking news on Brexit and coronavirus updates, besides digesting the latest batch of economic data from the zone.

|BEGINSUB|U.S. Stocks Pull Back Sharply After Initially Extending Yesterday's Rebound|ENDSUB|Stocks extended Wednesdays significant rebound early in the trading day on Thursday but pulled back sharply over the course of the session. With the downturn, the major averages largely offset the strong gains posted in the previous session.

|BEGINSUB|Stock Alert: RH Jumps To New 52-week High After Q2 Results Beat View |ENDSUB|Shares of TS:RH are surging almost 25 percent or $80.22 in Thursdays morning trade at $401.30, after touching a new 52-week high of $405.55 as the luxury furniture retailer's second-quarter earnings results beat analysts estimates.

TS:RH, the parent company of Restoration Hardware, said Wednesday that its second-quarter net income rose to $98.4 million or $3.71 per share from $63.8 million or $2.86 per share last year. Adjusted earnings were $4.90 per share, compared to $3.20 last year. Revenues rose to $709.3 million from $706.5 million last year.

|BEGINSUB|Stock Alert: SelectQuote Climbs 16% After Upbeat Q4 Results |ENDSUB|Shares of SelectQuote Inc. (TS:SLQT) are rising more than 16 percent or $3.29 in Thursdays morning trade at $23.34 after the insurance companys quarterly results beat analysts expectations.

Wednesday, SelectQuote said its fourth-quarter net income rose to $20.05 million or $0.13 per share from $12.89 million or $0.09 per share last year. Revenues surged 90 percent to $141.4 million from $74.4 million a year ago. Analysts polled by Thomson Reuters had a consensus earnings estimate of $0.03 per share on revenues of $119.64 million. Analysts estimates typically exclude special items.

|BEGINSUB|Stock Alert: Navistar Hits New 52-week High As Traton Sweetens Bid |ENDSUB|Shares of truck maker Navistar International Corp. (TS:NAV) are climbing almost 16 percent or $5.90 in Thursdays morning trade at $41.74, after touching a new 52-week high of $43.08.

Traton SE, a subsidiary of Volkswagen Group (VKW.L, VLKAF.PK, VOW.BE), said Thursday that it has increased its offer for the acquisition of all shares in Navistar not already held by the company to $43 per share, and $3.6 billion in total. Previously, the offer was for $35 per Navistar share.

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