Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock...
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...
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery's...
Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. The biotech company posted a net income of $13 million, or 3 cents per share, for the third...
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company's market capitalization .Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesAdyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and...
An AMC theater is pictured in Times Square in the Manhattan borough of New York City.Carlo Allegri | ReutersAMC Entertainment on Wednesday reported a fall in third-quarter revenue and saw a decline in attendance at its theater chain, hurt by fewer blockbuster releases from Hollywood studios.Shares of the Leawood,...
e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 10% in after-hours trading.The cosmetics retailer's earnings came in well ahead of expectations on the top and bottom lines and it now expects...
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro shares plunged 22% on Wednesday to their lowest level since May of last...
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021.Andrew Kelly | ReutersCVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the helm of the troubled retail...
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesWise posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.The British digital payments firm said that its first-half profit...