Tag: earnings

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Markets

US stocks futures swing higher as S&P 500 fights off bear market territory

US stocks futures swing higher as S&P 500 fights off bear market territory

US stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation about the potential for 75-basis point rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +1.20% rose 1.1% to 3,971 Dow Jones Industrial Average futures YM00, […]

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Markets

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’

Affirm stock soars as company tops revenue expectations 'despite volatile market conditions'

Shares of Affirm Holdings Inc. emerged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and an upbeat volume forecast in the face of “volatile market conditions.” The company posted a fiscal third-quarter net loss of $54.7 million, or 19 cents a share, compared with a loss of $287 million, or […]

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Business

Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric […]

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Business

Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat's stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter […]

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Markets

Stock Futures Fall as Inflation Weighs on Markets

Stock Futures Fall Ahead of Producer-Price Data

US stock futures declined, pointing to a second day of turbulence in markets driven by stronger-than-expected US inflation. Futures tied to the S&P 500 fell 0.6% after the broad-market index closed down 1.7% on Wednesday. Nasdaq-100 futures retreated 1%, suggesting more losses for technology stocks after the opening bell. Stocks are coming under pressure due […]

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Markets

Xero Users Feel Impact of Tight Labor Markets — Interview

Is Netflix cracking down on password sharing and how to position your investments before the Fed causes a bear market

By Stuart Condie SYDNEY–Cloud-accounting software provider Xero Ltd.’s users are more concerned about a shortage of skilled labor than inflation or rising interest rates, Chief Executive Steve Vamos said. New Zealand-based Xero increased staff by 31% over the 12 months through March but its employee costs rose by 34% against the backdrop of what it […]

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Markets

Stock Turmoil Spreads to Junk Bonds, Hurts Deals

Stock Turmoil Spreads to Junk Bonds, Hurts Deals

Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of US high-yield bonds fell to around 91 cents on the dollar Monday, the lowest level since May of 2020 when pandemic shutdowns slammed the global economy, according to data […]

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Business

Beyond Meat (BYND) Q1 2022 earnings miss estimates

Beyond Meat (BYND) Q1 2022 earnings miss estimates

Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of the company fell as much as 25% in extended trading, extending the stock’s losses from earlier in the day. Beyond’s stock closed Wednesday down 13.8% ahead of the company’s […]

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Business

Rivian (RIVN) Q1 2022 earnings

Rivian (RIVN) Q1 2022 earnings

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter […]

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Economy

Coinbase loses half its value in a week as crypto slumps

Coinbase loses half its value in a week as crypto slumps

SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop ever on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and […]