Ready to open an account!

FINANCIAL NEWS
Roblox shares surge the most in nine months on solid earnings

Shares of video game platform Roblox climbed a staggering 26% on Wednesday, the most in nine months after the company reported bookings that topped estimates, fueled by a boom in playtime over the holiday season and a climb in active users.

Shopify's sales outlook comes in short of expectations, shares drop

After giving a sales outlook for the beginning of the year that fell short of analysts' expectations, Shopify Inc. shares headed about 11% lower in after-hours Wednesday.

Airbnb shares jump 12% on strong revenue outlook, resilient travel demand

Shares of Airbnb Inc. jumped as much as 12% in extended trading Tuesday after the travel giant gave a better-than-expected outlook for revenue in the first quarter, signaling that travel demand remains robust even after a record year for growth in 2022.

Shares climb as PayPal earnings beat, announce CEO to retire

Shares of PayPal Holding Inc. rose 2.3% in after-hours trading after the payments fintech beat expectations for quarterly earnings and announced CEO Dan Schulman's plans to retire at the end of 2023.

Disney plans to reduce workforce by 7,000 employees in latest cost-cutting

Following Walt Disney's earnings beat that pushed the company's stock higher in after-hours Wednesday, Iger announced plans to reduce its workforce by 7,000 employees and cut costs by $5.5 billion.

Activision Blizzard beats sales estimates, steering the wheel for game makers

Entering the earnings cycle and coming off a series of high-profile releases, including "Call of Duty: Modern Warfare II" and several other big titles, expectations were high for Activision Blizzard.

Apple sales plunge amid production woes, but worst is over

Citing manufacturing disruptions in China and a softening economy that hurt iPhone sales, Apple reported its worst December quarter performance in four years on Thursday.

BP joins peers, posting record profits amid soaring oil-and-gas prices

On Tuesday, Oil major BP joined its peers by cashing in on soaring oil and natural gas prices since Russia's invasion of Ukraine, posting a record profit of $28 billion in 2022.

McDonald's beat estimates as limited-edition products boost sales

During the fourth quarter, Adult Happy Meals and other limited-edition products boosted traffic at McDonald's restaurants despite higher prices, beating Wall Street earnings and revenue estimates in its latest earnings results.

Meta shares soar as Zuckerberg strikes new tone with investors

On Wednesday, shares of Meta Platforms Inc. soared 20% amid fourth-quarter revenue that beat Wall Street estimates, while Chief Executive Officer Mark Zuckerberg called 2023 the "Year of Efficiency."

Exxon marks historic high for Western oil industry in latest earnings

Bolstered by high commodity prices, rising energy demand, and a well-timed strategy to invest in its Permian Basin assets, Exxon reaped a record $56 billion profit that surpassed fourth-quarter estimates, keeping the stock's upward momentum going.

Intel shares plunge after dismal quarterly forecast and signifant sales slump

As customers hold back on tech spending amid gloomy market conditions, Intel Corp. gave one of the most dismal quarterly forecasts in its history.

IBM delivers upbeat sales forecast and joins others in staff layoffs

On Wednesday, International Business Machines Corp. delivered an upbeat annual sales forecast while joining the wave of companies making layoffs, saying it would eliminate 3,900 employees from its workforce.

Tesla expects delivery growth to continue as price cuts boost demand

Even as it gave mixed signals on the outlook for growth in vehicle deliveries, Tesla reported better-than-expected profits in the latest quarter.

Microsoft erases gains after announcing lackluster quarterly guidance

On Tuesday, Microsoft Corp. sparked a relief rally for the cloud before the stock retreated after management announced lackluster guidance for the technology giant's third quarter.

Netflix blows away subscriber expections, co-CEO Reed Hastings steps down

On Thursday, Netflix Inc. reported earnings in the fourth quarter, announcing substantially more subscriber gains than Wall Street expected, sending its shares up 6.3% post-market despite a big earnings miss.

Earnings season kicks off; major US banks signal shaky economy ahead

The main highlights in a holiday-shortened week will be US earnings and retail sales as investors closely watch to see if US companies can beat estimates amid fears that higher costs are squeezing profit margins.

Shares of TSMC surge despite warnings of possible revenue drop

Citing weak demand, Taiwanese Semiconductor Manufacturing Co. said Thursday that it expects revenue in the current quarter to drop as much as 5% and could cut this year's capital expenditures compared with the previous year.

Micron reports lower-than-expected guidance along with host of cost-cutting measures

This week, Micron Technology Inc., the largest memory chipmaker in the US, reported fiscal first-quarter results that reached the low end of its guidance for both revenue and profits.

FedEx shares gain as earnings beat estimates despite revenue miss

Lifted by price increases and cost-cutting that helped make up for package volume decline, FedEx Corp. reported fiscal second-quarter earnings that beat analysts' expectations.

Nike clears through inventory pile-up in better-than-expected earnings results

Lauding its success in clearing through a hefty inventory pile, Nike on Tuesday reported quarterly results that easily topped analyst expectations while raising its guidance.

Adobe stock climbs on earnings and guidance exceeding estimates

On Thursday, Adobe announced fourth-quarter earnings and gave guidance that exceeded Wall Street estimates. While the stock is down 42% so far this year, shares of the software company rose 6% in extended trading following the results.

Oracle gains on strong revenue that beat the company's own guidance

On Monday, shares of Oracle Corp. climbed as much as 4% after the software company posted second-quarter revenue nearly $200 million above its own guidance.

Broadcom shares rise on solid quarterly earnings and strong outlook

Chipmaker Broadcom Inc. reported solid fiscal fourth-quarter earnings, with EPS of $10.45 coming in better than Wall Street estimates of $10.28, indicating that demand from the data center industry and corporate customers remain strong.

GameStop reports biggest quarterly drop in latest earnings report

On Wednesday, meme stock GameStop reported its steepest quarterly drop in revenue, missing Wall Street projections as the gaming retailer continues efforts to boost digital purchases and turn its business around.

Ready to get started?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas tristique justo a molestie consequat.