Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCShares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were expecting:Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as RefinitivRevenue:...
A sign is posted in front of the Roku headquarters on February 18, 2022 in San Jose, California.Justin Sullivan | Getty ImagesRoku on Thursday reported a bigger fourth-quarter loss than expected, as it grappled with intense competition and lower customer spending, sending the streaming platform's shares down about 15% in...
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of...
Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously.Paris-listed shares were 6.9% higher at 9:27 a.m. London time.The company on Wednesday reported a...
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion), up from 1.4 billion euros a...
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco said in a statement on Wednesday that it would lay off 5% of its employees. The networking hardware maker has about around 85,000 employees, a spokesperson told CNBC, implying that the...
Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division.The Japanese gaming giant said it now expects to sell 21 million units of the PS5 in the fiscal year ending March, down from a previous forecast...
Brian Chesky, co-founder and CEO of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta on Dec. 12, 2023.Dustin Chambers | Bloomberg | Getty ImagesAirbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic forecast for the current period. The stock fell more...
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022.Dado Ruvic | ReutersInstacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of a restructuring. The news came as the company reported fourth-quarter earnings...
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California.Mario Tama | Getty ImagesLyft shares soared 50% in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates. Here's how...