Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came...
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As the primary beneficiary of the artificial intelligence boom, Nvidia has...
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle...
Apple CEO Tim Cook attends the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | Reuters Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations, with overall revenue rising 5%. Apple shares were flat in extended trading. Here’s how Apple did versus...
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are expecting: Earnings per...
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company...
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | Reuters Micron shares fell almost 8% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on...
Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the AI boom that has transfixed markets in recent months. Its strong results on Wednesday suggest...
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle reported quarterly earnings on Monday that exceeded Wall Street’s expectations. The shares rose 13% in extended trading. Here’s how the company did in the...
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media company is seeking a valuation of about...