Tag: double

Forestar Group Inc . (NYSE:FOR) reported a robust performance in its second quarter, with a significant increase in net income and consolidated revenues. The company\’s net income rose by 67% to $45 million, while consolidated revenues grew by 11% to $333.8 million. The number of lots sold also saw a 10% increase, reaching 3,289.

In their latest note on the US e-commerce sector, Morgan Stanley analysts said they double upgraded eBay (NASDAQ:EBAY) to Overweight from Underweight and demoted Etsy (NASDAQ:ETSY) to Underweight from Equal Weight, citing “growth convergence.”