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Broadcom shares soar 16% as earnings top estimates on demand for custom AI chips
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported first-quarter earnings on Thursday that topped analysts' expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended…
Broadcom’s report gives the battered AI trade a much-needed win
Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending.…
Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO of Marvell Technology.Scott Mlyn | CNBCMarvell Technology shares plummeted more than 18% after the chipmaker's guidance fell short of some elevated buyside estimates.For the first fiscal quarter, the chipmaker said it…
CrowdStrike falls 9% on disappointing earnings forecast
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares…
MongoDB shares sink after company issues weak guidance
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance.Here's how the company did in comparison with LSEG…
CrowdStrike slumps 9% on weak earnings outlook, overhang from outage costs
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares dropped 9% after issuing weak earnings…
CrowdStrike shares tumble on light guidance. Here’s why we’re upgrading the stock…
CrowdStrike reported a strong fourth-quarter results Tuesday night, delivering beats on revenue, adjusted earnings and net new annual recurring revenue. However, the stock is under pressure in extended trading after the fast-growing…
Stocks making the biggest moves after hours: AeroVironment, CrowdStrike, Ross Stores and
Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts' call for $1.66 per…
Best Buy CEO warns price increases are ‘highly likely’ after Trump tariffs
A man walks by the front of a Best Buy store at American Dream Mall on November 29, 2024 in East Rutherford City.Kena Betancur | Getty ImagesBest Buy on Tuesday posted fourth-quarter earnings and revenue that topped expectations, but CEO…
AMC tops revenue target as box office hits drive strong demand
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | ReutersAMC Entertainment topped Wall Street estimates for quarterly revenue on Tuesday, boosted by wildly popular releases including…