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Rivian posts second-quarter revenue above estimates, but expects bigger loss for the year
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 9, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive stuck to its full-year guidance for deliveries on Thursday and reported second-quarter revenue that beat Wall Street expectations. But he cut his […]
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Warby Parker cuts full-year sales outlook as loss widens
A general view of the atmosphere of the Warby Parker store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker joined the slew of retailers on Thursday that cut their financial forecasts for the year, even as it reported a weaker-than-expected fiscal second-quarter loss and sales in line with analysts’ […]
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Disney Announces Increase in Profits and Adds 14.4 Million New Disney+ Users
waltz disney announced a better-than-expected 26% increase in revenue, driven by record results from its theme parks division and the addition of more new subscribers than expected to its flagship Disney+ video streaming platform. Disney+ gained 14.4 million new subscribers in the three months ended July 2, nearly all of them outside of North America. […]
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The stocks that move the most at midday: Coinbase, Roblox, Wendy’s and more
Find out which companies are making headlines in the midday business. Coinbase saw a 27% drop in revenue in the first quarter as usage of the platform plummeted. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a bigger-than-expected loss on Tuesday night and declining […]
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Nasdaq drops more than 1% as chip stocks struggle, key inflation report looms
Shares fell on Tuesday as investors navigated a series of disappointing corporate reports ahead of a key inflation reading. The S&P 500 fell 0.42% to 4,122.47, while the Nasdaq Composite fell 1.19% to 12,493.93. The Dow Jones Industrial Average fell 58.13 points, or 0.18%, to close at 32,774.41. The declines came after memory chip maker […]
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Stocks making the biggest after-hours moves: Coinbase, Sweetgreen, Roblox and more
In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Pictures | Light flare | Getty Images Find out which companies are making headlines after hours trading. Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting its quarterly results. The company missed analysts’ expectations for […]
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Sweetgreen stock drops after salad chain lowers forecast, announces layoffs and downsizing
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading on Tuesday after the salad chain lowered its 2022 forecast. The catering company also said it had laid off 5% of […]
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Stocks making the biggest moves in the pre-market: Novavax, GoodRx, Allbirds and more
Take a look at some of the biggest pre-market movers: Novavax (NVAX) – The drugmaker’s stock fell 32.3% in premarket after posting an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further U.S. sales of its Covid-19 vaccine this year amid weak demand and a glut of supply. […]