Oracle’s shares surged by 9% in after-hours trading following the release of their fiscal first-quarter results, which surpassed Wall Street expectations. The company reported an adjusted earnings per share of $1.39, outperforming the expected $1.32, and recorded revenue of $13.31 billion, exceeding the projected $13.23 billion. Oracle experienced an 8% increase in revenue from $12.45
Earnings
Broadcom recently disclosed its fiscal third-quarter results, surpassing the revenue and earnings projections set by Wall Street analysts. However, despite this positive outcome, the company’s shares dropped by 7% in the after-hours trading session due to guidance aligning with expectations. In comparison with the LSEG consensus estimates for the quarter ending Aug. 4, Broadcom reported
Volvo Cars recently made the decision to scale back its margin and revenue targets, signaling a shift in the company’s strategy. The Swedish automaker, known for its commitment to electric vehicles, announced that it is no longer aiming for 100% all-electric vehicle sales by 2030. This decision has had a significant impact on its financial
CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results that surpassed expectations. However, the company’s shares dipped 4% in extended trading following a global outage caused by a flawed content configuration update for its Falcon sensor. The incident led to widespread computer crashes, flight cancelations, delayed deliveries, and postponed medical appointments. Despite the
Following the release of Nvidia’s fiscal second-quarter earnings report, the company’s stock experienced a decline in premarket trading. The dip in share price was attributed to a slight decrease in gross margin and overshadowed by the high expectations set for the revenue beat. Despite the revenue exceeding $30 billion, marking a substantial 122% increase from
The halt in Gap shares on Thursday morning stemmed from the premature release of the company’s quarterly earnings results. The incident occurred when a presentation containing the financial outcomes was briefly made available on Gap’s website, causing the stock to be temporarily halted from trading. This unexpected turn of events raised concerns among investors and
The Thursday Morning Meeting livestream with Jim Cramer provided insights into the market performance for the day. Despite the S & P 500 advancing by 0.7%, tech giant Nvidia experienced a decline in share prices after beating estimates. Analysts were particularly concerned about the company’s full-year outlook on gross margins, causing a 3.5% drop in
MongoDB’s shares skyrocketed by 16% in after-hours trading following the release of their fiscal second-quarter earnings report. The company exceeded expectations with adjusted earnings per share at 70 cents compared to the anticipated 49 cents. Additionally, revenue came in at $478.1 million, surpassing the projected $464.1 million. CEO Dev Ittycheria expressed confidence in MongoDB’s future