A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.Michael Nagle | Bloomberg | Getty ImagesDETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO...
Check out the companies making headlines in extended trading. Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Mercury reported an adjusted loss of 42 cents per share on revenue of $197 million, while analysts polled by...
Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.Benoit Tessier | ReutersSnap on Tuesday reported revenue that trailed analysts' estimates and issued a forecast that came in a...
Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019.David Paul Morris | Bloomberg | Getty ImagesSonos shares rose over 12% in extended trading Tuesday after the speaker company reported fiscal 2024 first-quarter sales and earnings that exceeded...
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesWalt Disney's ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, sources told CNBC on Tuesday.The platform...
E.l.f. Beauty, the viral cosmetics brand beloved by young consumers, raised its guidance for the third time in a row on Tuesday after it posted 85% sales growth during its holiday quarter.The company saw torrid revenue growth even as it faced tough comparisons. The jump came on the heels...
Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT — Ford Motor beat Wall Street's top- and bottom-line expectations for the fourth quarter, while forecasting better-than-expected results for 2024.The company's forecast for 2024 includes...
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida.Joe Raedle | Getty ImagesChipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: $9.75 expectedRevenue: $2.49 billion...
In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024.National Transportation Safety Board via APBolts appeared to have been missing from a door plug that blew out midair on...