FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos By Samrhitha A and Chavi Mehta (Reuters) -Tesla shares fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait [...]
What Happened: Shares of data visualization and business intelligence company Domo (NASDAQ:DOMO) jumped 10.3% in the morning session after the company reported third quarter results that topped analysts' EPS estimates. Its revenue and RPO (remaining performance obligations) also slightly beat Wall Street's projections, and its EPS guidance for the next quarter came in better than [...]
What Happened: Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) jumped 9.8% in the morning session after the company reported third quarter results with same-store sales beating convincingly, although revenue only narrowly topped expectations. Profitability was sound, leading to a nice EPS beat in the quarter. The company raised its full year [...]
What Happened: Shares of search software company Elastic (NYSE:ESTC) jumped 17.7% in the mornin session after the company reported a "beat and raise" quarter. Second quarter results beat analysts' billings, revenue, and non-GAAP EPS expectations. Management stated that "...thoughtful investments and innovation in AI has continued to drive customer excitement and engagement...Generative AI is driving a resurgence [...]
What Happened: Shares of automation software company UiPath (NYSE:PATH) jumped 5.8% in the morning session after the company reported third quarter results with ARR (annual recurring revenue), reported revenue, and non-GAAP operating profit expectations exceeding expectations. Guidance for next quarter was fine, with ARR ahead, while revenue and non-GAAP operating profit were roughly in line. [...]
What Happened: Shares of networking chips designer Marvell (NASDAQ:MRVL) Technology (NASDAQ: MRVL) fell 5.4% in the morning session after the company reported third quarter results and provided revenue guidance for the next quarter that missed Wall Street's expectations. The consumer and automobile/industrial segments underperformed and weighed down the company's overall outlook. Management called out " [...]
What Happened: Shares of footwear, apparel, and accessories retailer Genesco (NYSE:GCO) fell 12.2% in the morning session after the company reported third quarter results with same-store sales, revenue, and EPS all falling below Wall Street's expectations. Management blamed "a challenging operating environment" and a delayed ERP system implementation internally for the weakness. Consumer demand remains [...]
© Reuters. Oil pump jack is seen in front of displayed U.S. and Russian flags in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) - The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil tankers as Washington seeks to [...]
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© Reuters. FILE PHOTO: Chicago Fed President Austan Goolsbee heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir/File Photo (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is "on track" to reaching the U.S. central bank's 2% target, driven [...]