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Stocks

“Adobe shares drop nearly 14% on weak quarterly revenue guidance”

March 21, 2024

“Adobe shares closed down nearly 14% on Friday after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. The move marked the stock’s steepest decline since Sept. 15, 2022, when shares closed down 16.8%… For the current… Continue Reading…

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Business

“Best Buy warns of layoffs as it issues soft full-year guidance”

March 4, 2024

“…the retailer warned of another year of softer sales and said it would lay off workers and cut other costs across the business. CEO Corie Barry offered few specifics, but said the company has to make sure its workforce and… Continue Reading…

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Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

February 23, 2024

“Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%. Here’s how the company did: The revenue figure is what Roblox calls bookings, a category that… Continue Reading…

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Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

February 13, 2024

“…Roblox also reported full-year revenue of $3.52 billion, versus an LSEG consensus estimate of $3.41 billion. The company’s full-year loss per share was $1.87, compared with a consensus estimate of $1.91. Roblox’s quarterly bookings hit $1.13 billion — the company’s… Continue Reading…

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Stocks

“Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend”

February 7, 2024

“Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier.… Continue Reading…

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Stocks

“TG Therapeutics Reverses Its 225% Winning Streak On Lackluster Guidance”

January 12, 2024

“…After rising in premarket trading, TGTX stock toppled 15.4% to 17.77 after the stock market opened… TGTX stock has been on an upswing after hitting a recent low at 6.46 in October. From that low point, TGTX stock has bounded 225% as… Continue Reading…

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Business

“GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes”

November 29, 2023

“…The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated $10 billion share repurchase program; and reinstate its 2023 guidance to include an estimated $1.1 billion in earnings before interest… Continue Reading…

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Stocks

“Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes”

November 10, 2023

“The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: For the December period, Trade… Continue Reading…

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Stocks

“Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance”

November 3, 2023

“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…

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Stocks

“Shopify shares surge 15% on earnings beat, rosy guidance”

November 2, 2023

“Shopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year. Here’s how the company did for the quarter compared to LSEG (formerly… Continue Reading…

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