Earnings
Instacart tops third-quarter expectations under new CEO Rogers, gives strong guidance
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s stock rose 3% after the grocery delivery platform topped third-quarter earnings and issued upbeat guidance under new CEO Chris Rogers. Here’s how the company did versus LSEG estimates: Earnings per share: […]
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Stocks making the biggest moves premarket: American Airlines, Diageo, Palantir & more
Check out the companies making headlines before the bell : MP Materials — The rare earth mine operator rose 3% after a Deutsche Bank upgrade to buy from hold. The bank highlighted MP as a buying opportunity for investors looking for exposure to rare earths. Palantir — Shares of the defense technology stock popped 3%. […]
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Affirm CEO says furloughed federal employees are starting to lose interest in shopping
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of […]
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Block sinks 10% after weak third quarter results miss Wall Street estimates
Block shares fell 10% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service. Here is how the company did compared with LSEG estimates: Earnings per share: 54 cents adjusted vs. 67 cents expected Revenue: $6.11 billion vs. $6.31 billion expected Revenue for the quarter was […]
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Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport
Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne […]
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Stocks making the biggest moves premarket: Opendoor, Affirm, Airbnb, Sunrun, Peloton & more
Check out the companies making headlines before the bell : Airbnb — The vacation rental platform saw shares rise about 4% after the company reported a revenue beat for the third quarter and hiked fourth-quarter revenue forecast. Earnings per share for the latest quarter came in below an LSEG estimate, however. Affirm — The fintech […]
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Peloton posts bullish holiday forecast, betting that shoppers will spend big on new product lineup
A Peloton stationary bicycle inside a store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton on Thursday posted its second profitable quarter in a row as it released strong guidance for the crucial holiday shopping season, banking on its relaunched product assortment to drive […]
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Expedia shares pop more than 9% on quarterly beat
Michael Farr, Farr Miller & Washington, joins ‘Closing Bell Overtime’ with reaction to Expedia results. Source
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Datadog’s stock soars 23% on revenue beat, posts second-best day ever
Omar Marques | SOPA Images | Lightrocket | Getty Images Datadog shares jumped 23% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter. The stock had its second-best day ever, behind only November 2023, when shares rose 28%. The company reported […]
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Duolingo stock plunges 27% on light guidance as company prioritizes user growth
Duolingo‘s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. “We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as such a big opportunity ahead […]
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