Breaking News: Earnings
Palantir stock drops 7% on valuation concerns as CEO Karp rips short seller ‘market manipulation’
Palantir‘s stock fell 7% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company. During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.” Karp called the […]
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Uber falls 4% despite third-quarter revenue beat
Dara Khosrowshahi, CEO, Uber Technologies speaks during the third day of the FII PRIORITY Summit held at the Faena Hotel on February 21, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Uber shares fell 4% before the bell even after the ridesharing company beat Wall Street’s third-quarter revenue expectations. Earnings per share: $3.11. It […]
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Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue growth, fueled by strong demand for Taco Bell and improved U.S. sales for KFC. The restaurant […]
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Fentanyl, ICE and popcorn: Palantir CEO Alex Karp’s earnings call commentary
Alex Karp, Palantir CEO, joins CNBC’s ‘Squawk on the Street’ on June 5, 2025. CNBC Palantir CEO Alex Karp took on a familiar target during the company’s earnings call on Monday: His critics. “Please turn on the conventional television and see how unhappy those that didn’t invest in us are,” Karp said, after the data […]
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Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Palantir reported quarterly results that topped analysts’ estimates and issued better-than-expected guidance for the fourth quarter, attributing much of its strength to artificial intelligence. […]
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Reddit stock pops 14% after showing strong advertising and user growth
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit‘s stock popped more than 14% Friday after […]
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Coinbase earnings top estimates, helped by robust trading volume
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Coinbase shares ticked up nearly 3% Thursday as the digital assets company posted better-than-expected financial results, largely fueled by a resurgence in retail and institutional crypto trading on its platform, even as tokens are now just one of several assets at the center of its “everything […]
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Amazon earnings: Cloud growth, holiday outlook and layoffs in focus
Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion Wall Street is also looking at other key revenue numbers: Amazon Web Services: $32.42 billion expected Advertising: $17.34 billion expected AWS growth will be […]
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Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Meta Platforms‘ stock dropped more than 10% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social media […]
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Comcast beats earnings estimates despite more broadband subscriber losses
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed […]
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