rose 6% after the tech giant reported fiscal second-quarter earnings of $1.53 a share, 2 cents better than Wall Street estimates, and revenue of $90.75 billion, down 4.3% from a year earlier but slightly above consensus forecasts. Apple said iPhone sales fell 10.5% to $46 billion, pressured in part by weak demand in China and increased competition. The company also expanded its buyback program by $110 billion and raised its quarterly dividend to 25 cents a share from 24 cents. CEO Tim Cook said the company continues “to feel very bullish” about its opportunity in generative artificial intelligence.
reported a first-quarter loss of 21 cents a share, a swing from year-earlier profit of $5.28 a share. Adjusted earnings of $3.96 a share beat forecasts of $3.88 a share. The stock jumped 11.8% after the biotechnology company said it was “very encouraged” by an interim analysis of a Phase 2 study of injectable weight-loss drug MariTide.
sank 15% after the online travel company reduced its sales outlook for the year to a range of mid- to high-single-digit top-line growth, saying that efforts to recharge vacation-rental site Vrbo have progressed more slowly than expected.
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posted first-quarter adjusted profit of $20.39 a share, topping analysts’ expectations of $13.98, as revenue rose 17% to $4.42 billion, beating estimates of $4.25 billion. Gross travel bookings rose 10% to $43.5 billion. Shares rose 3%.
reported first-quarter earnings and revenue that were better than expected and said consumer trading volumes jumped 93%. Shares fell 2.5%, however, after the crypto-trading platform said it expects second-quarter “technology [and] development and general and] administrative expenses to be $660-$710 million, driven primarily by elevated expenses associated with higher trading volumes (notably customer support and certain infrastructure expenses).”
‘s first-quarter earnings and revenue beat forecasts, but its revenue outlook underwhelmed. The stock dropped 17%.
said it expects second-quarter revenue of $393.5 million to $394.5 million, compared with analysts’ forecasts of $393 million.
Adjusted first-quarter profit at cybersecurity company
beat estimates and guidance did as well. But shares fell 16% after first-quarter billings declined 6% from a year earlier to $1.41 billion, missing estimates of $1.43 billion.
the parent of Ticketmaster, said first-quarter revenue rose 21% to $3.8 billion, topping estimates of $3.26 billion. Revenue from the company’s concert business jumped 26% to $2.88 billion.
Live Nation
’s
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chief financial officer during an analyst call said a breakup of Live Nation and Ticketmaster was unlikely. The Wall Street Journal last month reported the Justice Department was preparing to sue Live Nation, alleging the company has used its dominance in the ticket-selling space to undermine competition. The stock jumped 7.2%.
‘s first-quarter profit rose and adjusted earnings of 85 cents a share were better than analysts’ forecasts of 72 cents. Revenue rose 19% to nearly $6 billion, getting a boost from Bitcoin, and transaction-based revenue rose 6%. The financial-technology company, which operates the Cash App mobile wallet and the Square merchant business, said it would invest 10% of its gross profit from
products each month into buying more of the digital currency. Block shares fell 1.2% after rising earlier in the session.
First-quarter revenue at
jumped 12% and the energy drink maker said co-CEO Rodney Sacks would reduce his responsibilities starting next year. Hilton Schlosberg, who has served as co-CEO with Sacks since 2021, would become chief executive. The company also said it would try to raise $3 billion through a modified “Dutch Auction” tender offer. The stock rose 3%.
fell 2.9%. The sports-betting company reported adjusted first-quarter earnings of 3 cents a share, compared with a loss of 17 cents expected by Wall Street. Revenue rose 53% to $1.17 billion and…
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