Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin.Here's how the company did, compared to analysts' consensus estimates from LSEG:Earnings per share: 11 cents vs. 10 cents expectedRevenue: $481 million vs....
Chegg seen at the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBCChegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company's traffic and revenue.The legal move come nearly two years after...
Check out the companies making headlines in after-hours trading: Hims & Hers Health — The telehealth stock fell more than 17%. Hims & Hers reported a gross margin of 77% for the fourth quarter, while analysts polled by StreetAccount expected 78.4%. This overshadowed the company's top- and bottom-line beats...
Berkshire Hathaway's stock should reach new highs in the coming months, according to Ari Wald, head of technical analysis at Oppenheimer. Wald appeared on CNBC's " Power Lunch " on Monday to offer his view on the Warren Buffett -led conglomerate, as well as two other market movers. Here's...
Legendary investor Warren Buffett is sitting on a record $334 billion in cash , but he hasn't said why his cash position is so large. Hedge fund manager Steve Cohen recently said that the Trump administration's tariffs and large-scale budget cuts by Elon Musk's Department of Government Efficiency could...
Check out the companies making headlines in midday trading. Berkshire Hathaway — Class A shares of Warren Buffett's conglomerate jumped nearly 4% following a strong earnings report . The conglomerate said its operating profit skyrocketed 71% to $14.5 billion in the fourth quarter, led by a 302% jump in...
Check out the companies making headlines before the bell. Domino's Pizza — Shares fell more than 3% after the pizza chain reported fourth-quarter numbers that missed expectations. The company earned $4.89 per share on revenue of $1.44 billion. Analysts polled by FactSet expected a profit of $4.90 per share...
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCBerkshire Hathaway on Saturday reported a massive surge in fourth-quarter earnings from its operating businesses, driven in large part by insurance, while its cash holdings swelled...