Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital programs to students, posted a net loss of $47.4 million for the third...
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so.""We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250 billion...
Check out the companies making headlines in midday trading. Groupon — Shares plunged 39.5%, a day after the online marketplace company posted third-quarter revenue and global gross billings that fell short of expectations. Separately, it approved an $80 million, fully backstopped rights offering to shareholders. Wynn Resorts — The...
Check out the companies making headlines before the bell. Wynn Resorts — The casino juggernaut slipped more than 5% after reporting a beat on the top and bottom line in the third-quarter. Wynn notched an adjusted 99 cents per share on $1.67 billion in revenue, while analysts polled by...
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesChina's largest chipmaker SMICÂ on Thursday posted a 80% drop...
Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.Nurphoto | Getty ImagesBEIJING — Chinese startup Li Auto sold more cars than Tesla's China business did in October, according to the China Passenger Car Association.The startup...
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts' estimates.Third-quarter results topped estimates. Here's how the company did:Earnings per share:Â 33 cents, adjusted vs. 29...
A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a shareThe...
Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBCUnity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.Here's how the company did:Earnings: Loss of 32 cents per shareRevenue: $544.2 million vs. $553.7...
Check out the companies making headlines in extended trading. Wynn Resorts — Shares fell 6% following the casino operator's third-quarter earnings. Wynn managed to post a beat on both top and bottom lines, but reported a decline in revenue from the prior year for its Encore Boston Harbor. Illumina...