Earnings
Moderna beats on revenue but loses more than expected as it scales down manufacturing
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline […]
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Shares in Sony surge over 10% after it forecasts stronger revenue and profit for 2024
Sony PlayStation game controllers are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Shares in Sony Group surged as much as 10.7% Friday after the company raised its revenue and profit forecast for its current financial year ending in March. The Japanese technology and […]
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Stocks making the biggest moves after hours: GameStop, Coinbase, Airbnb, Informatica and more
Check out the companies making headlines after the bell : GameStop — The video game retailer and meme-stock favorite jumped 7% in extended trading. GameStop is considering investing in bitcoin and other cryptocurrencies, sources familiar with the matter told CNBC. The company is still figuring out whether the move would make sense for GameStop’s business, […]
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Coinbase revenue surges more than 130% driven by postelection crypto rally
In this photo illustration, a Coinbase logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images Coinbase Thursday reported better-than-expected fourth-quarter results and its biggest quarterly revenue in three years, strengthened by a raging postelection rally that pushed crypto prices to new high after […]
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Airbnb shares pop 15% on better-than-expected earnings and revenue
Thomas Fuller | Lightrocket | Getty Images Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts’ estimates. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 73 cents vs. 58 cents expected Revenue: $2.48 billion vs. […]
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GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target
Things continue to look up for GE Healthcare stock this year. Shares of the medical technology company jumped roughly 9% on Thursday after delivering solid fourth-quarter results and providing prudent 2025 guidance. While the Club stock left much to be desired in 2024, these numbers boosted shares that were already bouncing off their most recent […]
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Stocks making the biggest moves midday: Hanesbrands, Reddit, Nvidia, Applovin and more
Check out the companies making headlines in midday trading. Robinhood – Shares of the digital trading platform jumped 11% following its stronger-than-expected fourth-quarter revenue. Robinhood reported revenue of $1.01 billion in the period, topping the consensus estimate of $944.6 million from analysts surveyed by LSEG. Hanesbrands – The apparel stock fell around 18% after fourth-quarter […]
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AppLovin skyrockets 33% after earnings beat, strong guidance as analysts raise price target
Piotr Swat | Lightrocket | Getty Images Shares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets. The ad tech company said on its earnings call it was divesting its apps business, as the company aims to move into other […]
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Reddit shares slump 6% on daily active user miss
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares dropped more than 6% Thursday after the social media company fell short of […]
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Stocks making the biggest moves premarket: Robinhood, Deere, Cisco Systems, AppLovin and more
Check out the companies making headlines before the bell. Robinhood — The digital trading platform rallied 13% after reporting stronger-than-expected revenue for the fourth quarter. Robinhood posted $1.01 billion in the period, coming above the LSEG consensus estimate of $944.6 million. MGM Resorts — The resorts and casinos stock jumped nearly 10%. The company posted […]
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