Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue.The stock jumped past $245 in early afternoon trading. It's now up 515% this year, far outpacing all other tech...
Signage outside the Nasdaq MarketSite in New York on March 23, 2023.Stephanie Keith | Bloomberg | Getty ImagesWith second-quarter earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It's...
Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes.Here's what analysts are expecting:Earnings: $1.59 per share,...
Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesSalesforce shares rose more than 7% in extended trading on Wednesday after the cloud...
Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn't matter.Following better-than-expected results on the top and bottom lines from two of the most valuable tech companies in the world, the Nasdaq responded by dropping close...
Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018.Oracle livestream screenshotOracle shares plummeted more than 12% on Tuesday and headed for their worst day in over two decades after the software maker reported disappointing revenue and issued weaker-than-expected guidance.The...
Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.Adam Galica | CNBCPalo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts' estimates.The stock had dropped 16% in...