After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nig...
Tag: Earnings
Opinion: Step aside, FAANMGs. This new crop of tech companies are the ones to watch for the next decade.
Investors have had a change of heart after selling technology stocks for the better part of eight months. There has been a trend reversal after bellwether tech companies reported earnings for the mo...
Is Novavax’s latest wins about to help it shed the meme tag when it reports earnings?
Novavax, Inc. (NASDAQ:NVAX) is not the usual meme stock akin to GameStop and AMC. However, it has often been at the center of retail investor interest at the slightest of the news. Things will not lik...
Should you buy Twilio stock on post earnings weakness?
Twilio Inc (NYSE: TWLO) sure is one of the hardest hit tech names this year, but the stock down more than 65% is still “not” a buy, as per a Stifel analyst. Twilio stock does not have a ‘meaningful’ u...
MP Materials Earnings Beat, Expansion On Track; MP Stock Rises
MP Materials (MP) easily cleared second-quarter earnings and sales estimates on Thursday afternoon. The sole U.S.-based supplier of rare earth materials benefited from higher pricing for rare earth ox...
IBD Stock of The Day; PBR Stock Eyes New Buy Point On Strong Petrobras Earnings, Huge Dividend
Petrobras Petrobras PBR $0.08 0.58% 24% IBD Stock Analysis Near 14.98 cup-base buy point, but could soon have a handle Earnings soared 1,273% in 2021, with strong growth this year Dividend yield tops ...
Commentary on Robinhood’s Q2’22 Earnings
August 4, 2022, 11:45AM EDT • 6 min read Quick Take Vlad Tenev, Robinhood Co-founder & CEO, affirms no desire to sell the business Announced ~23% headcount reduction amidst declining share price a...
Japan may see a reduced 20% tax on crypto earnings with new proposal
The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls ...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Cloudflare stock rallies 25% following earnings beat, raised revenue outlook
Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudfl...
Warner Bros. Discovery stock slammed after earnings debut
In its first earnings report since bringing in HBO Max and other WarnerMedia properties, Warner Bros. Discovery Inc. on Thursday missed revenue expectations by roughly $2 billion and reported a large ...
Twilio stock declines as weak outlook follows a quarterly beat
Twilio Inc. shares fell in the extended session Thursday after the software company’s outlook came in below Wall Street expectations following a reported beat in the previous quarter. Twilio TWLO, +0....
DoorDash, Beyond Meat, AMC & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — S...
Beyond Meat (BYND) Q2 2022 earnings
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenu...
Warner Bros. Discovery streaming strategy in focus for Q2 earnings
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images In...
Robinhood Q2 revenues tick up slightly as company starts fresh round of layoffs
The bad news from Robinhood kept coming today. First, the New York Department of Financial Services hit the company with a $30 million fine, followed by the company’s CEO announcing layoffs for ...
MicroStrategy holds the course on bitcoin strategy despite change in leadership
Michael Saylor is stepping down as CEO of MicroStrategy on August 8, but the firm says its outlook on bitcoin will not change — despite huge losses related to digital assets in the second quarter. The...
Lordstown Motors (RIDE) Q2 2022 earnings and production
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truc...
Coinbase stock posts 9 week high on rumors of better than expected earnings
Coinbase Global Inc (COIN) saw its stock price rise 18% on August 3, closing the day at $80.81 — a price not seen since May 31. During after-hours trading, COIN traded relatively flat, giving up less ...
Nikola NKLA Q2 2022 earnings
Nikola Motor Company Source: Nikola Motor Company Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks. The com...
Restaurant Brands International (QSR) Q2 2022 earnings
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earni...
Cigna shares up 1.7% premarket after Q2 earnings beat
Cigna Corp. shares CI, +0.11% rose 1.7% in premarket trade Thursday, after the health care services company beat earnings estimates for the second quarter. Cigna posted net income of $1.981 billion, o...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...
UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | B...
AMC takes aim at massive debt burden with ‘APE’ special dividend
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bo...