MongoDB Inc. MDB, +2.26% shares dropped in the extended session Wednesday after the database company’s revenue outlook overshadowed better-than-expected results. MongoDB shares fell as much as 11% aft...
Tag: Profit Warnings
Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat
Bill.com Holdings Inc. shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to exceed Wall Street expectations. Bill.com BILL, +8....
Halo Therapeutics stock drops following weak 2023 outlook
Halozyme Therapeutics Inc. HALO, -10.09% stock fell in the extended session Tuesday after the biotech drug maker’s 2023 forecast disappointed Wall Street. Halozyme shares fell as much as 8% after hour...
Generac stock rocked after profit warning due to weakness in home generator business
Shares of Generac Holdings Inc. suffered a record selloff on Wednesday after the manufacturer of home generators and solar equipment issued an earnings warning and cut its growth outlook, citing press...
Micron faces ‘unprecedented’ supply issues, and analysts are split on if the bottom has been hit
Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about when th...
The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.
U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones In...
Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package delivery giant’s stock has helped trigger one half of a Dow Theory “sell” signal. FedEx shar...
Why FedEx’s profit warning is such bad news for the U.S. economy
FedEx Corp. has bad news for investors, but what the logistics company’s massive profit warning says about the U.S. economy may be even worse. “The FedEx news was pretty stark. But when I read it, I w...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...
Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing a sharp reduction in profit, while the chip maker as...
Nvidia is hit by another ‘crypto hangover,’ and that isn’t the only problem
While in high demand and short supply for the first two years of the pandemic, Nvidia Corp.’s gaming cards have been hit by declines in three separate pandemic booms in 2022: Personal-computer sales, ...
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...
Unity Software loses $5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’
Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.0...
Cloud software is a ‘fight for a knife in the mud,’ and Wall Street is souring on the one sector that was winning
The cloud-software business has come to resemble a “fight for a knife in the mud,” as one popular TV character would put it, with vendors scrambling for the crumbs of declining business spending and h...