CNBC's Jim Cramer likes Costco stock despite its high valuation and suggests it has more room to run. "I feel very comfortable" about Costco, Cramer said Thursday on " Squawk on the Street ," after the wholesale retailer reported a solid April sales report. "I know the multiple is...
We always say we love companies that are serial repurchasers of their stocks. That's because as outstanding share counts go down, investors don't have to do anything to get baked-in returns and own larger and larger pieces of the companies. Apple 's latest $110 billion stock buyback authorization is...
The logo of semiconductor design firm Arm on a chip.Jakub Porzycki | Nurphoto | Getty ImagesShares of British chip designer Arm fell 8.83% in premarket trading on Thursday, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications.Arm reported fourth-quarter revenue of $928...
Spencer Platt | Getty ImagesShares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.Robinhood reported net income of $157 million, or 18 cents per share, for the first quarter. That is a positive swing from the same period last year, when the...
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty ImagesAirbnb reported first-quarter results on Wednesday that beat analysts' estimates but offered weaker-than-expected guidance. Shares fell more than 6% in extended trading.Here's...
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported first-quarter results on Wednesday that came in slightly above analysts' estimates for revenue, but the ridesharing company posted an unexpected net...
AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.Bloomberg | Getty ImagesShares of Belgium's AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said...
Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, May 29, 2020.Bing Guan | ReutersThe German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."It said in statement that Jochen...
Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region. We're surprised the stock isn't up more. Operating revenue increased 31% year over year, to $1.86...
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first...