Alibaba is down in the dumps again. While tech stocks at large staged a turnaround Thursday—with the Nasdaq index ending 3.3% higher after opening almost as much in the red—the Chinese internet giant ...
Tag: Corporate/Industrial News
Li Auto Posts Second Straight Quarterly Profit. The Stock Is Rising.
Text size Li Auto ONE Courtesy of Li Auto Chinese electric-vehicle maker Li Auto reported a profitable fourth quarter even as the company ramped up spending on vehicle development. The results looked ...
Coinbase stock falls as crypto platform casts doubt on Q1 outlook
Coinbase Global Inc. stock fell nearly 6% in extended trading Thursday after the Silicon Valley crypto platform crushed Wall Street expectations for its fourth quarter but cast doubt on current-quarte...
Beyond Meat Stock Falls on Larger Loss, Downbeat Forecast
Text size Beyond Meat’s revenue from U.S. retail sales declined. Drew Angerer/Getty Images Beyond Meat issued a disappointing sales forecast as it reported weaker fourth-quarter results than exp...
Nikola Reports a Smaller Loss Than Expected. Shares Are Rocketing.
Text size Nikola’s CEO said the company is “laser-focused” on delivering vehicles to customers and generating revenue. Courtesy Nikola Stock of the electric and hydrogen-electric tru...
Alibaba’s Earnings Are Today. What to Expect.
Text size Alibaba investors had it tough in 2021. So far, 2022 is shaping up to be better. Greg Baker/AFP via Getty Images Earnings from Alibaba will be closely watched by investors after a tumultuou...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...
Lucid Stock Falls on First Recall. This One Isn’t Fixed With Software.
Text size The Lucid Air electric sedans will have to go to the shop for a fix. David Paul Morris/Bloomberg Electric-vehicle start-up Lucid has its first recall listed on the National Highway Traffic S...
FuboTV stock drops after earnings on mixed outlook
Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earli...
Rackspace’s Quarterly Results Beat Estimates. The Stock Sinks Anyway.
Text size Rackspace’s network operations center. Courtesy of Rackspace Rackspace Technology stock was falling hard as investors responded to financial forecasts that appeared to have overshadowe...
Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine...
DraftKings Could Face Margin Headwinds This Year. Analysts Slash Their Targets.
Text size DraftKings is predicting Ebitda losses between $825 million and $925 million. Scott Eisen/Getty Images for DraftKings Shares of DraftKings were rising on Tuesday, even after analysts cut the...
Online Real Estate Isn’t Worth the Chance
You can make a lot of money on physical real estate right now, but recent results from major online real-estate players show 2022 isn’t the year to play Monopoly in the stock market. The carnage isn’t...
Zscaler Stock Falls Sharply After an Earnings Beat. Here Is Why.
Text size Dreamstime Zscaler stock was poised to take a tumble when markets open Friday after the cloud-based internet security company’s guidance deflated investor enthusiasm, even as its second-quar...