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For the third quarter, AppLovin guided revenue of $2.055–$2.085 billion, lower at the midpoint than Wall Street estimates of $2.08 billion.
A former executive alleged JPMorgan improperly denied reimbursements of more than $100 million to customers who were victims of financial scams.
Investing.com -- Duolingo Inc (NASDAQ:DUOL) reported second quarter results that exceeded analyst expectations, but shares tumbled 11.6% in after-hours trading Wednesday following revenue guidance that fell short of Wall Street estimates.
SYMBOTIC INC (SYM) delivered earnings and revenue surprises of -25.00% and +0.85%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Sandisk shattered Wall Street estimates for its fiscal fourth quarter as relentless hyperscaler demand for AI data storage triggered severe capacity bottlenecks and surging memory chip prices.
DoorDash (DASH) delivered earnings and revenue surprises of -8.00% and +3.08%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Axon (AXON) delivered earnings and revenue surprises of -0.53% and +4.15%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Jeff Bezos unloaded almost $350 million in Amazon.com Inc. stock as it hit a record on Monday, his first sale of the company’s shares this year.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanSpaceX’s AI Splurge Puts a Damper on First Earnings After IPOTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallThe transaction,
DoorDash (DASH) late Wednesday delivered a second-quarter revenue beat amid order momentum, while th
Investors pay particular attention to a health insurer’s second-quarter report, which reflects more medical claims data among members.
The Dow Jones hit a new high thanks to Nvidia, but Google, SpaceX and AMD weighed on the Nasdaq. Sandisk, Western Digital fell late.
Improved guidance did not resolve investor concern about declining volume, rising investment and persistent inflation.
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.
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.
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.
Block stock fell amid Q2 earnings and revenue that topped consensus estimates while profit guidance met expectations.
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 now expects organic growth of 4% to 5% for the full year, down from its prior forecast of 7% to 9%.
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.
ViaSat beat earnings last night, but its stock still costs way too much.
Circle Stock Under Pressure After Q2 Beat as USDC Misses Expectations
SolarEdge is working on a turnaround -- but it's a work in progress.
Uber Shares Sink After Earnings. A Softer Profit Forecast Is Spooking Investor
SPOT's Q2 earnings miss estimates as higher marketing, cloud and AI costs offset record margins, subscriber gains and stronger cash flow.
Google DeepMind CEO Demis Hassabis is transitioning to DeepMind chair, as Google chief scientist Jeff Dean exits.
Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. Uber reported quarterly revenue of $14.19 billion, up 12% from a year earlier amid an increase in both rides and deliveries. For the current quarter, Uber forecast adjusted earnings of 84 cents to 88 cents a share, compared with analyst expectations of 87 cents a share.
Lucid slams the brakes on cash burn -- but is it too late?
Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
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