Shake Shack Stock Jumps as Q4 Earnings Top Estimates
Shares of Shake Shack surged over 13% Thursday morning after the company's fourth-quarter earnings topped estimates.
Meta Platforms’ Record Winning Streak Puts Stock Split in View
(Bloomberg) -- Meta Platforms Inc.’s recent record-breaking, 20-day rally propelled the share price to a level where investors may start calling on the company to split its stock for the first time since going public in 2013. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Mi
Alibaba stock surges as Chinese tech giant touts 'robust' AI momentum
Alibaba stock surged Thursday after the company reported quarterly earnings ahead of Wall Street's expectations and highlighted the results of its aggressive push into the artificial intelligence space.
Grab Stock Falls on Weak Outlook
Shares of Grab Holdings are falling in premarket trading Thursday after the Southeast Asian ride-hailing and food delivery firm missed fourth-quarter results estimates and gave a weak earnings outlook.
Quantum computing stocks rise as Microsoft's new chip heats up debate over technology
Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia. Microsoft unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals, while providing evidence in a scientific paper set to be published in academic journal Nature. Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years.
US labor market stable, disruptions feared from federal government layoffs
The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February. There were no signs yet in the report from the Labor Department on Thursday of the mass layoffs of federal government workers and deep spending cuts being pursued by Republican President Donald Trump's administration. Economists, who expect a spillover to the private sector, said it was too early for the negative effects to be felt in the broader economy.
Sabre (NASDAQ:SABR) Posts Q4 Sales In Line With Estimates
Travel technology company Sabre (NASDAQ:SABR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4% year on year to $714.7 million. Its non-GAAP loss of $0.08 per share was 22% above analysts’ consensus estimates.
Unity’s (NYSE:U) Q4: Beats On Revenue But Stock Drops
Game engine maker Unity (NYSE:U) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 25% year on year to $457.1 million. On the other hand, next quarter’s revenue guidance of $410 million was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP loss of $0.30 per share was 18.6% above analysts’ consensus estimates.
Alibaba Stock Jumps as Results Surpass Estimates
Shares of Alibaba Group listed in the U.S. are jumping in premarket trading Thursday after the Chinese tech and e-commerce giant reported quarterly results that beat estimates.
Shyft (NASDAQ:SHYF) Misses Q4 Sales Targets
Vehicle manufacturer Shyft (NASDAQ:SHYF) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $201.4 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $920 million at the midpoint. Its non-GAAP profit of $0.15 per share was 18.4% above analysts’ consensus estimates.