Hut 8 narrowly missed on revenue, which the bitcoin miner attributed to increasingly volatile market conditions The company posted a loss of $0.38 per share Canadian crypto miner Hut 8 posted lower-th...
Tag: misses
Coinbase misses estimates, sees Q3 underperforming Q2
The tough quarter for cryptocurrencies took a bite out of Coinbase. The company reported a net loss of $1.1 billion, including impairment charges, in the second quarter, double the $546 million loss e...
SpaceX Misses Out On $888.5 Million Government Subsidy For Starlink
Topline The Federal Communications Commission has denied SpaceX’s application to receive $888.5 million in funding to bring its Starlink satellite broadband internet service to rural areas, the agency...
Plug Power Misses Estimates. But Analysts Lift Price Targets on Climate Bill Catalysts.
Text size Photo courtesy of Plug Power Plug Power shares rose sharply Wednesday despite the fuel-cell company reporting second-quarter revenue that missed estimates. Analysts said they expect Plug Pow...
RBLX Shares Declines as Roblox Misses Estimates in Q2 2022 Financial Performance
Roblox will continue to invest in strategic areas that will trigger growth and monetization. Shares of American video game developer Roblox Corporation (NYSE: RBLX) plunged 12% in reaction to Q2 2022...
Nvidia Stock Sinks as Revenue Estimate Misses, Gross Margin Outlook Slashed
Text size Nvidia stock has declined 10% this year, while the Nasdaq Composite has fallen 18%. Justin Sullivan/Getty Images Nvidia shares plunged after the chip manufacturer shared preliminary financia...
Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline
The much talked-about but never resolved stablecoin bill still is not ready to see the light. With this Congress coming to a close and August recess beginning in days, the bill’s odds of becomin...
Alphabet Posts Q2 2022 Report, Misses on Earnings & Revenue
Multinational tech company Alphabet has posted its Q2 2022 report which shows a 13% slowdown in revenue growth. Google‘s parent Alphabet Inc (NASDAQ: GOOGL) recently posted its Q2 2022 report showing ...
Defense Stocks: Raytheon Misses Rev. On Missile Sales, Expected FY EPS Miss
Defense stocks report second-quarter results this week and Raytheon (RTX) kicked things off premarket Tuesday by extending its impressive streak of earnings surprises. But RTX stock fell roughly 4.5% ...
Microsoft misses on Q4 earnings, cloud business falls short
Microsoft (MSFT) reported its fiscal Q4 earnings on Tuesday, missing investors’ expectations on the top and bottom line. The company also missed on expectations for its all important Intelligent...
Twitter misses Q2 expectations, blames economy and Musk
Twitter (TWTR) reported its Q2 earnings before markets opened Friday, falling short of analysts’ expectations, amid the backdrop of company’s impending court battle with Tesla (TSLA) CEO E...
Snap plummets 26% after company misses earnings and pulls guidance
In after-hours trading on July 21, Snap’s (NYSE: SNAP) stock plummeted by 26.8% following its earnings announcement. Despite topping expectations on net user additions, the company fell short of reven...
Snap misses on Q2 revenue, shares plunge 23%
Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the...
Finland finally sells off its 1,900 seized bitcoin — but misses out on $82M
Finland has taken a huge hit on the near-2,000 bitcoin (BTC) stash that’s been collecting dust in its virtual vaults for more than four years, finally selling the coins that were worth $130 million ju...
Freeport-McMoRan misses on profit and revenue amid a ‘precipitous’ fall in copper prices
Shares of Freeport-McMoRan Inc. FCX, +0.58% slipped 0.1% in premarket trading, after the copper and gold miner reported second-quarter profit and revenue that missed expectations, concerns over the gl...
Jordan Peele Misses The Moon But Lands Among The Stars
‘Nope’ Universal Nope (2022) Monkeypaw Productions/rated R/131 minutes Written and directed by Jordan Peele Produced by Jordan Peele and Ian Cooper Starring Daniel Kaluuya, Keke Palmer, St...
Tiger Woods misses cut at what could be his last British Open
Tiger Woods of the U.S. reacts on the 18th during the second round of the 150th Open Championship – Old Course, St Andrews, Scotland, Britain, July 15, 2022. Paul Childs | Reuters After two diff...
JPMorgan shares nosedive as bank misses earnings and pauses buybacks
On July 14, JPMorgan Chase & Co (NYSE: JPM) reported its earnings for the second quarter. The bank missed estimates for both revenue and EPS ($2.76 EPS vs. $2.89), while the net income reported wa...
JPMorgan net income falls, misses estimates
JPMorgan Chase & Co. JPM, -0.94% shares fell 3.5% in premarket trades on Thursday after the megabank missed its profit target in the face of geopolitical tension, high inflation and weaker consume...
Dogecoin misses bullish target after Elon Musk snubs Twitter — What’s next for DOGE price?
Dogecoin (DOGE) has missed a much-anticipated technical upside target and is down nearly 10% over the past week amid an ongoing spat between Elon Musk and Twitter. Musk hurts DOGE price To recap, Musk...
Fed Prices Eggs in Bitcoin but Misses the Big Picture: Crypto Community Reacts
The St. Louis Federal Reserve published a blog post with the ratio of eggs to Bitcoin in a bid to criticize the volatility in the latter but ended up being ridiculed for the example. Cracking Bitcoin-...
Stock Market Strengthens At Midday; ADP Jobs Report Misses Forecasts Badly
The stock market strengthened at midday as the Nasdaq composite jumped more than 1%. An estimate of job growth came in well below forecasts. X The S&P 500 reversed higher 0.7% while the Nasdaq com...
Best Buy misses first quarter EPS by $0.06
Best Buy (NYSE: BBY) recorded an EPS of $1.57 in the first quarter of the 2022 financial year, which was 6 cents less than the $1.63 analyst estimate. Total revenue in the first quarter came to about ...
Tencent’s Q1 Misses The Mark, Dr. Kissinger Talk Notes
China Last Night KraneShares Key News Asian equities followed US stocks higher on light volumes as China and India posted small losses. Hong Kong internet stocks were off despite good results from JD....
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings
“Stronghold believes its liquidity position, combined with expected operating cash flow, will be sufficient to meet all existing commitments and fund operations,” the company said in a statement. “The...
BYND Stock Slumps 24% as Beyond Meat Q1 2022 Revenue Misses Estimates
Ahead of the earnings report, the shares of Beyond Meat (BYND) closed Wednesday’s trading session down 13.83%. The American company that produces plant-based meat substitutes Beyond Meat Inc (NASDAQ: ...
EVgo Misses Estimates. The Beaten-Up Stock Rises Anyway.
Text size Jim Watson/AFP via Getty Images Electric-vehicle charging company EVgo reported first-quarter results that missed Wall Street expectations. Shares were rising anyway. They have been beaten u...
Disney misses earnings but adds millions of new subscribers
Walt Disney (NYSE: DIS) reported worse than expected earnings on May 11, though streaming numbers looked promising. Shares lost 2.29% during the session yesterday and another 2.88% in the after-hours ...
Coinbase Misses First Quarter Revenue, $COIN Shares Plummet
Cryptocurrency exchange Coinbase reported a 35% drop in revenue in the first quarter as volatile market conditions and lower crypto asset prices directly impacted its results. Its total revenue in the...
Roku’s stock plunges 28% on weak outlook, misses at top and bottom lines
Roku Inc.’s stock quickly plunged 28% in extended trading after the company offered paper-thin guidance and reported fiscal second-quarter results Thursday that fell short of Wall Street analysts’ for...