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Stocks making the biggest moves premarket: Walgreens, Broadcom, Gap, Hewlett Packard Enterprise and more
Check out the companies making headlines before the bell. Broadcom — Shares of the chipmaker jumped 10% after the company’s fiscal first-quarter results beat Wall Street’s estimates on both the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion, above the $14.76 billion […]
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Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia “will be used explicitly and aggressively for immediate maximum impact” at President Donald Trump’s guidance, Bessent said Thursday. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary […]
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Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Marvell Technology shares plummeted more than 17% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by […]
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MongoDB plummets 20% as weak outlook overshadows strong quarterly results
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth. For the fiscal 2026 year, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to […]
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Digg founder teams up with former Reddit rival to buy and revive website
Alexis Ohanian David A. Grogan | CNBC Content aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian. Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by venture capital firms True Ventures, where Rose is a partner, […]
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CrowdStrike slumps 10% on weak earnings outlook, overhang from outage costs
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares dropped 10% after issuing weak earnings guidance as the company signaled ongoing pressure from its global IT outage that rattled businesses in July. The cybersecurity […]
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CrowdStrike falls 9% on disappointing earnings forecast
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023. David Paul Morris | Bloomberg | Getty Images CrowdStrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance. Here’s what […]
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Stocks making the biggest moves after hours: AeroVironment, CrowdStrike, Ross Stores and more
Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3% […]
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Okta pops more than 20% on strong earnings and guidance beat
Todd McKinnon, chief executive officer of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco, California, U.S., on Monday, April 4, 2022. David Paul Morris | Bloomberg | Getty Images Okta shares soared 22% on Tuesday after the cloud-based identity management company delivered strong fourth-quarter earnings and beat estimates on guidance. The […]
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Stocks making the biggest moves midday: Best Buy, Walgreens Boots Alliance, Tesla, Okta and more
Check out the companies making headlines in midday trading: Okta — Shares surged 18% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million […]
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