Shares of Lemonade Inc. LMND, +4.32% were up more than 8% in after-hours trading Monday after the company, which provides renters’ insurance, car insurance, and more, posted a narrower loss than...
Tag: Earnings
Clover Health stock drops after mixed earnings, announcement of impending CEO change
Shares of Clover Health Investments Corp. CLOV, +4.29%, which offers insurance plans to Medicare Advantage members, were off more than 6% in after-hours trading Monday after the company delivered a mi...
GoodRx stock rockets after earnings as company says snag with large grocer has been resolved
Shares of GoodRx Holdings Inc. were popping more than 30% in after-hours trading Monday after the company, which offers services for people looking to compare prescription drug prices, topped expectat...
Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending
Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-dri...
Nvidia Loses Its Game – WSJ
Give Nvidia a bit of credit for knowing to get the bad news out early. It came in the form of a warning Monday morning that revenue for the fiscal second quarter ended July 31 would be about 17% below...
Allbirds (BIRD) reports Q2 2022 losses
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds on Monday trimmed its financial forecas...
Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now
(Photo by Walid Berrazeg) SOPA Images/LightRocket via Getty Images Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and ...
Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEO...
These Hydrogen Fuel Cell Stocks Report Earnings This Week
Hydrogen fuel cell stocks Plug Power (PLUG) and Ballard Power Systems (BLDP) spiked Monday. The U.S. Senate approved a sweeping spending bill over the weekend which would direct billions of dollars to...
Nvidia stock tumbles after company says revenue fell way shy of expectations
Shares of Nvidia Corp. were tumbling more than 5% in morning trading Monday after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter,...
Tesla and 9 Other Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rate...
Upstart Holdings Isn’t a Stock to Hold on the Cusp of Earnings
By BRUCE KAMICH Aug 08, 2022 | 07:59 AM EDT Stocks quotes in this article: UPST Upstart Holdings Inc. (UPST) is expected to report its second-quarter results after the close of trading here on Monday....
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...
Goodyear Tire & Rubber Q2 Earnings Surpass Street View
Reuters India’s Nykaa expects festival season to boost demand BENGALURU (Reuters) -Indian cosmetics-to-fashion retailer Nykaa said on Friday it expects stronger demand for its products in the cu...
The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party.
Once the mightiest of industrial conglomerates, General Electric is breaking into three pieces and it is time to value each of the businesses. That means doing a sum-of-the-parts, or SOTP, valuation. ...
Beyond Meat Plans to Lay Off 4% of Global Workforce
Beyond Meat is cutting 4% of its global workforce, saying the layoffs are part of its plan to reduce costs as inflation prompts consumers to buy less-expensive protein. The California-based company, w...
Coinbase Rises ahead of Second-quarter Earnings Report
Shares of cryptocurrency exchange Coinbase have been rising recently this week, although they are still down nearly 70% from the beginning of 2022. Coinbase shares rose 10% on Thursday after BlackRock...
Berkshire Hathaway BRK earnings Q2 2022
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S...
Berkshire Buys Buffett Successor’s Stake in Prized Utility Unit
Text size Photo by CHANDAN KHANNA/AFP via Getty Images Berkshire Hathaway bought a 1% stake held by Vice Chairman Greg Abel in the company’s big electric utility business for $870 million in cash, hig...
Buffett’s Berkshire Hathaway reports $44 billion loss as portfolio value falls
Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many op...
Albemarle Earnings Outlook Rockets, But ALB Stock Reverses Lower
Albemarle (ALB) handily beat Q2 earnings estimates after Wednesday’s close, then massively raised its full-year outlook. ALB stock jumped at the open on Thursday, then reversed lower, despite th...
Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility
Berkshire Hathaway earnings slid in the second quarter as market turmoil weighed on the company’s massive stock portfolio. The Omaha, Neb.-based company, which owns businesses ranging from insurer Gei...
ADM Stock Builds A Base On Earnings Strength, Resumption Of Ukraine Trade
Archer-Daniels-Midland, now known as ADM (ADM) is one of the largest agricultural products producers in the world, so when ADM stock recently formed a double-bottom base and started to build momentum,...
10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
Bitcoin pulls down Block, Inc. net revenues by 6%
Block Inc. reported a 6% decrease in its second-quarter 2022 net revenues compared with last year, driven by a decline in bitcoin revenues. The company’s total net revenue in the second quarter...
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its po...
Oracle Lays Off Hundreds of Employees
Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...