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Investing.com -- AppLovin Corporation (NASDAQ: APP) saw its shares crater 20% after delivering second-quarter results that proved sky-high profit growth isn’t always enough for Wall Street. Despite surging year-over-year earnings, the marketing software titan missed sales targets and issued a lukewarm forecast for the quarter ahead.

Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close. Here are the earnings estimates, analyst ratings and key items to watch. DraftKings Q2 Earnings...

Investing.com -- MercadoLibre Inc (NASDAQ:MELI) reported second quarter earnings that exceeded analyst expectations, but shares slipped 3% in after-hours trading Wednesday as investors weighed margin compression against strong revenue growth.

The decline in profit was driven by higher costs of revenue from more orders, as well as increases in sales, marketing, and research and development expenses and other overhead costs, the company said.

The company’s quarterly sales were just below analysts’ forecast, and it gave a softer third-quarter outlook than Wall Street was looking for.

Fedena reduced his direct equity stake by 18% following a 213% one-year stock surge, while maintaining a 0.11% ownership interest in the refiner.

The hard-drive maker reports better-than-expected earnings for its fiscal fourth quarter, but guidance disappoints.

Block stock fell amid Q2 earnings and revenue that topped consensus estimates while profit guidance met expectations.

E.l.f.’s sales climbed 36% in the first quarter to $479.4 million, and the company raised its full-year sales guidance.

EBay stock climbed late Wednesday after Q2 results exceeded expectations. Guidance for the September quarter was mixed.

SpaceX shares dropped 14%. Elon Musk’s space company late Tuesday said its capital expenditures topped $18 billion last quarter, double the previous quarter’s total, mainly tied to its artificial-intelligence build-out. AMD shares also fell 7% after Musk said SpaceX would exclusively use chips from rival Nvidia, shares of which gained 4%.

The company posted a higher net income of $6.9 billion as the artificial-intelligence buildout continued to fuel demand for data storage.

Western Digital reported a more than elevenfold increase in its fourth-quarter profit, driven by continued strong demand for its memory technology.

The company now expects organic growth of 4% to 5% for the full year, down from its prior forecast of 7% to 9%.

Western Digital stock slid late Wednesday despite the hard-disk drive maker reporting fiscal fourth-quarter results ahead of estimates. Western Digital said its earnings climbed 109%, to $3.56 per share, for the June quarter. Western Digital and its rival Seagate Technology dominate the hard-disk drive market.

On the earthly stock market, shares of SpaceX tumbled today. Beyond this world, part of a SpaceX rocket literally crashed into the moon. The European Southern Observatory, a multi-nation group that operates research telescopes, said in social media posts that they detected sodium and lithium signatures in a plume created when the vehicle slammed into the lunar surface early Wednesday.

EBay forecast third-quarter revenue above Wall Street estimates on ‌Wednesday, leaning on its push into ‌authenticated luxury goods, collectibles and refurbished products to bring ​more high-value buyers to its online marketplace. The company has sharpened its focus on enthusiast buyers through "focus categories" where buyers value selection ‌and specialist ⁠services. These include trading cards and other collectibles, auto parts and ⁠accessories and refurbished electronics.

Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its ‌design software products, as the company's efforts to integrate AI ‌in its tools helped attract and retain more users. Known for its browser-based platform that allows design teams to collaborate in real time, Figma has ‌leaned in hard on artificial ⁠intelligence, embedding the technology across its portfolio to draw in more users by making its tools more accessible ⁠and easier to use. Figma's AI efforts are paying off, with customers increasingly adopting its AI tools for tasks ranging from sketching and brainstorming to coding and shipping products.

GE Vernova collaborator AirJoule is riding high on the AI data-center boom's formidable thirst — and excess waste heat.

Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its robust second quarter as the ‌language-learning company bets stronger user engagement will fuel long-term growth. The company has been ‌prioritizing user growth over near-term monetization this year, testing ways to increase subscription revenue without adding friction ​for its large base of free users. CEO Luis von Ahn said Duolingo now expects daily active user (DAU) growth to remain above 20% for the rest of the year, reflecting product improvements, stronger retention and marketing efforts.

TeraWulf (NASDAQ:WULF) said its second-quarter results reflected growing high-performance computing, or HPC, lease revenue as additional capacity came online at its Lake Mariner campus, alongside a broader expansion strategy that includes a major Anthropic lease in Kentucky, the acquisition of the M

Braveheart is one of five biotechnology firms that made plans to price an IPO this week, bringing in total what could ultimately be more than $1 billion from public investors.

Axon Enterprise, the S&P 500 maker of Tasers, body cameras and software for law enforcement, continued its resurgence this week ahead of its Q2 report after today's close. This week's jolt higher may mean it could take a stunning report to maintain upward momentum for Axon stock. Earnings growth is up against what looks like a low bar, but that's only because EPS vaulted 77% in the year-ago quarter.

While SpaceX's most recent earnings report barely mentions X, it is clear the company's ad revenue has fallen hundreds of millions of dollars since Elon Musk took over in 2022.

Duolingo's second-quarter earnings will reveal more than just another set of financial results.

Disney (DIS) is maintaining post-earnings stock gains ahead of Wednesday's market close. The media giant topped earnings estimates for its fiscal third quarter, reporting theme parks and streaming services to be its biggest growth drivers. CFRA Research director of equity research Ken Leon reacts to Disney's latest earnings release.

<body><p>STORY: :: Disney's sales and profit rise, boosted by the success of ‘Toy Story 5’</p><p>:: $1 Billion</p><p>"Toy story five was another monumental blockbuster for Disney."// "The movie has brought in more than $1 billion in box office this year. This lifts the franchise to total franchise value just in the box office alone to over $4 billion, which is what makes it a significant, franchise for Disney."</p><p>:: Dawn Chmielewski/Entertainment business correspondent</p><p>"And Disney is unique in the world of entertainment in that it can take characters and stories that are really resonating with audiences and find a way to, to, to monetize that fan affection in a variety of ways. Disney in its its quarterly earnings results, which were reported on on Wednesday morning, noted that the arrival of Toy Story five in theaters fueled interest in the earlier films, so there's been more than 2,000,000,000 hours worth of streaming on Disney Plus.&nbsp;It spurred toy sales through Disney's consumer products. Line. So consumer product sales were reached a high a five year high during the quarter. So that, too is spurred by Toy Story. And it also brought people to the theme parks and onto cruise ships where where kids have a chance to interact with Buzz and Woody and Jessie."//</p><p>:: Disney and TikTok have reached a short-form video-sharing deal</p><p>"Disney and TikTok announced a content sharing deal just before Disney reported its earnings early Wednesday morning. The deal is novel in this respect. Disney will allow TikTokers who are fans of Disney to begin using its its characters and video in their TikTok videos, which will be distributed not just on TikTok but also on Disney Plus, which has a new, a new category of, vertical video clips called verts."//</p><p>"So these TikTok videos, which will come to the service in the coming months, will be kind of a celebration of Disney's various, characters and stories."&nbsp;</p><p>CEO Josh D'Amaro, who took over in March, highlighted his strategy to invest in franchises like Toy Story to reach audiences outside the box office in a lengthy earnings letter to shareholders on Wednesday.</p><p>Separately, Disney and TikTok announced a deal on Wednesday that will allow TikTok creators to use characters and scenes from Disney movies and TV shows in short-form videos, the first agreement of its kind between the social media platform and a traditional media company.</p><p>The company reported revenue of $25.2 billion in the quarter, up 7% from last year, but shy of Wall Street's forecasts of $25.4 billion, according to analysts surveyed by LSEG.</p><p>Disney's per-share earnings rose 28% from a year ago to an adjusted $2.06, beating forecasts of $1.86 a share.</p></body>

Flutter Entertainment announced the resignation of its longtime CEO Peter Jackson when it reported second-quarter earnings on Wednesday. Despite a nine-year tenure that saw Flutter grow from a $2 billion U.K.-focused business to a $16 billion international betting titan, Jackson isn’t going out on a high note. Shares of the world’s largest betting firm and FanDuel parent company were down as much as 14% Wednesday after the firm reported mixed results and reduced its full-year guidance.

The company, pressed by investors to generate revenue from AI, says its offering will cost less than popular alternatives.

Investors will want to know more about future plans following its second top leadership change in a year.