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Tag: Earnings projections

Business

Marvell’s pessimistic driving didn’t come as a huge surprise, but these factors were

Drathby DrathMarch 3, 20230

Marvell Technology Inc.’s latest round of downbeat guidance didn’t necessarily come as a shock, but the company’s cautious commentary on a second-half recovery may have. …

Business

C3.ai shares soar as CEO Siebel touts ‘dramatic shift’ in sentiment amid AI hype

Drathby DrathMarch 3, 20230

Shares of C3.ai Inc. rose 14% in afterhours action on Thursday after the software company, which deals in business AI, issued an upbeat forecast and …

Business

Snowflake reduces revenue growth target and stock is declining

Drathby DrathMarch 2, 20230

This update corrects the FactSet consensus for Snowflake’s fiscal first quarter and fiscal 2024 product revenue. Shares of Snowflake Inc. fell more than 7% in …

Business

Rivian shares sink after failed sales in fourth quarter, outlook dim

Drathby DrathFebruary 28, 20230

Shares of Rivian Automotive Inc. tumbled more than 7% in after-hours trading Tuesday after the EV maker narrowed its quarterly loss but missed revenue expectations …

Business

Workday promises to return to more than 20% subscription growth after offering conservative forecasts

Drathby DrathFebruary 28, 20230

Shares of Workday Inc. fluctuated in the extended session Monday after the cloud HR software company said it was still on track for growth goals …

Business

Wall Street expects brutal gains from Coinbase. Because an analyst updated the stock.

Drathby DrathFebruary 20, 20230

Text size The collapse in cryptocurrency prices has alienated many of Coinbase’s main customers: retail traders. David Myslivec/Dreamstime.com Wall Street is mostly muted ahead of …

Business

Shopify’s stock suffers one of its worst days as Wall Street wonders what’s next

Drathby DrathFebruary 17, 20230

Shares of Shopify Inc. suffered one of the worst days on record Thursday after financial results failed to provide much clarity on the road ahead …

Business

DoorDash shares rise in “best quarter ever,” despite holiday losses more than double expectations

Drathby DrathFebruary 17, 20230

DoorDash Inc. reported a much larger-than-expected fourth-quarter net loss on Thursday, though the company beat most other Wall Street estimates, including its first-quarter revenue, orders …

Business

DraftKings reports earnings Thursday. Analysts are worried about 2023.

Drathby DrathFebruary 17, 20230

Text size DraftKings shares are up 56% in 2023 so far. Scott Eisen/Getty Images for DraftKings DraftKings reported higher-than-expected revenue and raised its outlook for …

Business

Shopify shares fall 5% as forecasts disappoint amid escalating rivalry with Amazon and rising prices

Drathby DrathFebruary 15, 20230

Shopify Inc. delivered a better-than-expected holiday quarter according to an earnings report Wednesday, but a forecast of slowing revenue growth hit the stock in after-hours …

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