Stocks to Watch: BlackBerry, Purple Innovation, Texas Instruments, SAP
January 23 2024 - 7:14PM
Dow Jones News
By Sabela Ojea
BlackBerry said it would sell $160 million of convertible senior
notes due in 2029 in a private offering. Shares of the Canadian
security software company drop 12% to $3.12 in after-hours
trading.
Purple Innovation said it completed a debt refinancing that gave
it more financial flexibility. Shares of the mattress company climb
14% to 93 cents in after-hours trading.
Texas Instruments reported a drop in profit amid lower revenue
in the last quarter of 2023 and guided for another drop in profit
to start the new year. Shares of the chip maker fall 4.3% to
$166.90 in after-hours trading.
SAP will undertake a multi-billion euro restructuring this year
that will affect 8,000 jobs as it ratchets up its focus on
business-related artificial intelligence. Shares of the German
business-software company rose 4.9% to $171.37 in after-hours
trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 23, 2024 18:59 ET (23:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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