Wednesday, 30 November 2022

Snowflake shares tumble on light product revenue guidance

Snowflake shares fell Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance.

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Tuesday, 29 November 2022

CrowdStrike shares tumble on weaker-than-expected growth in new revenue

CrowdStrike shares dropped after the cybersecurity company said annual recurring revenue was below expectations in part because of "macroeconomic headwinds."

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Tuesday, 22 November 2022

HP laying off 4,000-6,000 employees globally over the next three years

HP shares moved higher after management announced another wave of job cuts, which come as the company faces steeper revenue declines in PCs and printers.

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Best Buy sticks to holiday-quarter outlook as electronics demand holds up

Best Buy raised its full-year forecast to reflect its better-than-expected quarterly results.

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Shares of Indonesia's GoTo fall 6% as nine-month loss swells

GoTo said on-demand services, including ride hailing and food delivery, achieved positive contribution margin in September, "several months ahead of schedule."

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Monday, 21 November 2022

Zoom shares drop on light forecast as company faces 'heightened deal scrutiny'

Far from its heady days of 300% growth in the pandemic, Zoom's expansion is now mired in the single digits and the company faces headwinds as the economy slows.

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Thursday, 17 November 2022

Gap beats on third-quarter revenue, but tempers expectations for holiday season

Gap on Thursday beat Wall Street's quarterly revenue expectations, but gave a cautious outlook for the holiday season.

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Cisco shares pop on earnings beat and increased 2023 forecast

Cisco reported fiscal first-quarter results that beat analysts' estimates on top and bottom lines, as the company cited an "easing supply situation."

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Wednesday, 16 November 2022

Lowe's reports earnings before the bell – here's what to expect

Lowe's earnings report comes a day after Home Depot's third quarter earnings beat analyst's estimates.

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Tuesday, 15 November 2022

Target will report earnings before the bell — here's what to expect

Target has been trying to sell off TVs, bicycles and other excess merchandise.

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What to expect when Home Depot reports third-quarter earnings

Retailer Home Depot will report third-quarter earnings before the bell Tuesday.

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Walmart will report earnings before the bell — here's what to expect

Walmart cut its profit outlook this summer but has attracted customers with low-priced groceries.

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Friday, 11 November 2022

Swedish EV maker Polestar reports lower operating loss, confirms full-year guidance

Cost cuts and higher sales helped EV maker Polestar trim its operating loss from a year ago. The company expects to deliver 50,000 vehicles in 2022.

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Thursday, 10 November 2022

Nio reports strong third-quarter revenue as it gears up for a big year-end production push

Nio's loss widened significantly from a year ago, but revenue was strong, and the company guided to a big jump in production in the fourth quarter.

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Rocket Lab reports record quarterly revenue, with added contract wins

Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business.

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Rivian seeks to cut costs while boosting EV production to meet 2022 targets

Rivian said it now has "over 114,000" preorders for its R1-series trucks and SUVs.

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Beyond Meat reports wider-than-expected loss, falling revenue

Beyond Meat reported a wider-than-expected loss as demand for its meat substitutes tumbled.

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Wednesday, 9 November 2022

Roblox shares sink after reporting bigger loss than expected

Shares of Roblox fell in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for revenue.

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Adidas warns of big earnings hit after ending Ye partnership

Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant's termination of its partnership with Kanye West's Yeezy brand.

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Tuesday, 8 November 2022

Electric vehicle maker Lucid reports third-quarter loss, confirms it's on track to meet production guidance

The company said it's still on track to make between 6,000 and 7,000 of its luxury sedans this year.

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Novavax posts third quarter loss but beats revenue expectations

The Covid-19 vaccine maker reported a net loss of more than $169 million for the third quarter, compared to a loss of $322 million in the same period last year.

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Disney is about to report quarterly earnings. Here's what to expect

All eyes will be on Disney's streaming numbers when the company reports its fiscal fourth quarter earnings results after the bell Tuesday.

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Lyft shares fall after disappointing revenue, active rider miss

Lyft reported third-quarter revenue that fell short of estimates, and active riders came in below Wall Street's forecast.

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Palantir stock falls after slight earnings miss

Shares of Palantir fell Monday after the company released third-quarter earnings that slightly missed analyst estimates for earnings but beat on revenue.

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Monday, 7 November 2022

Berkshire Hathaway's operating earnings jump 20%, conglomerate buys back another $1 billion in stock

Berkshire Hathaway posted a solid gain in operating profits during the third quarter despite rising recession fears.

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DraftKings shares tumble after monthly users fall short of estimates

DraftKings stock fell as much as 26% on Friday despite the sports betting company posting higher-than-expected revenue for its third-quarter earnings report.

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Friday, 4 November 2022

Atlassian plummets more than 20% on weak earnings report and disappointing forecast

Atlassian's free users are also converting to paid customers more slowly.

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Thursday, 3 November 2022

Starbucks is about to report earnings. Here's what to expect

Shares of Starbucks have fallen nearly 28% this year, dragging its market value down to $97.11 billion.

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Altice USA stock sinks after tough third quarter earnings

Altice USA's stock sunk more than 20% Thursday after a weak earnings report

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Nikola's quarterly results beat expectations on deliveries of 63 electric semitrucks

Nikola's third-quarter revenue was higher than expected after it delivered 63 battery-electric heavy trucks to dealers.

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Peloton shares tumble after company offers weak holiday quarter outlook

Peloton reported a wider-than-expected loss and a steeper decline in revenue than analysts projected, while offering a weak holiday-quarter outlook.

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Restaurant Brands' earnings top estimates as sales rise at Burger King, Tim Hortons



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Shares of Airbnb tumble 13% on low fourth-quarter guidance

Shares of Airbnb fell Wednesday, a day after the company released third-quarter earnings that beat Wall Street's estimates but fell short on Q4 guidance.

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Wednesday, 2 November 2022

Qualcomm revenue up 22% but shares fall on first-quarter guidance

Qualcomm shares fell in extended trading on Wednesday after the chipmaker offered poor first-quarter guidance.

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Paramount Global shares slide as results miss and TV revenue falls

Paramount Global missed revenue estimates as revenue declined for its TV networks and advertising.

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Strong dollar weighs on Yum Brands even as sales rise at KFC and Taco Bell

Yum Brands missed Wall Street's earnings estimates but beat quarterly revenue expectations.

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CVS Health raises outlook as third quarter results beat estimates

CVS Health beat Wall Street's expectations in its third quarter earnings report. The company also announced an opioid settlement.

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Tuesday, 1 November 2022

AMD misses but still ekes out 29% revenue growth

The chipmaker's results were better than the company had told analysts to expect last month as it witnessed a weakening market for personal computers.

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Pfizer raises 2022 earnings guidance, beats third-quarter expectations

Pfizer now expects earnings per share of $6.40 to $6.50 for the year, up from its previous forecast of $6.30 to $6.45.

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Uber reports another loss but beats on revenue and the stock is up

Uber reported a third-quarter loss but beat analysts' estimates for revenue.

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Oil giant Saudi Aramco's quarterly profit surges 39% on higher prices

The Saudi state oil giant also reported a record $45 billion in free cash flow.

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BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings

The world's largest oil and gas majors have reported bumper earnings in recent months, leading to renewed calls for higher taxes on oil company profits.

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