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Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading.Here's what the company reported compared…
Affirm shares pop more than 15% on revenue beat
Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results.Here's how the company did, compared to analysts' consensus…
Doximity shares soar 25% after company beats on revenue, raises fiscal-year guidance
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat…
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn't dying down in 2025.Meta, Amazon, Alphabet and Microsoft intend to spend as much as…
Affirm shares soar 22% on revenue beat, surprise profit during holiday period
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty…
Beauty stocks post major losses after a week of worrying results
An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City.Spencer Platt | Getty ImagesSeveral beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee…
Pinterest shares rocket 20% on strong revenue and user growth
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 20% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion,…
Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from…
Shares of Peloton surge 9% as it edges toward profitability, posts better than expected
Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO and won't be ready to focus on boosting sales until it fixes its balance sheet.The bike maker posted mixed fiscal…
Shipping giant Maersk’s shares jump 9% on profit beat despite trade uncertainty
Maersk stock jumped 9% after the shipping giant posted better-than-expected fourth-quarter results on Thursday, putting shares on course for their best daily performance since 2020.Shares were up more than 10% earlier in the…