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Text size DocuSign reported fiscal first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard/Bloomberg DocuSign (ticker: DOCU) shares are sharply lower in late trading Thursday after the e-signature company cut its guidance for the January 2023 fiscal year. DocuSign ’s business thrived during the pandemic, but has been slowing for the last couple of quarters. … Read more
Text size Snowflake shares have tumbled sharply since last fall. Gabby Jones/Bloomberg Snowflake shares are trading sharply lower late Wednesday, on apparent investor disappointment with the financial outlook provided by the cloud-based data warehousing company. With the late afternoon slide, Snowflake shares have fallen below their $120 September 2020 IPO price. The stock peaked above … Read more
Text size Dreamstime Shares of fuboTV were plummeting on Friday after the sports streaming service slashed its guidance for North America. For the full year, fuboTV (ticker: FUBO ) expects to generate between $1.02 billion to $1.03 billion in revenue in North America, with 1.465 million to 1.485 million subscribers. FuboTV previously had predicted that … Read more
Cloudflare Inc. shares dropped in the extended session Thursday after the cybersecurity company’s quarterly results slightly beat Wall Street expectations, but its bottom-line forecast for the current quarter indicated a possible miss in its next report. Cloudflare NET, -13.93% shares fell more than 9% after hours, following a 14% drop in the regular session to … Read more
After an unprecedented downturn in subscriber growth in the first quarter, Netflix executives are eyeing the millions of people using other subscribers’ accounts as a way to reverse the streaming service’s current trajectory. Netflix NFLX, +3.18% executives said Tuesday that the service lost 200,000 paid subscribers on a net basis in the quarter, the first … Read more
Text size TSMC forecast revenue ahead of expectations for the three months ending in June. Sam Yeh/AFP/Getty Images Continued demand for chips in everything from advanced computing to cars helped Taiwan Semiconductor Manufacturing beat estimates for first-quarter earnings on Thursday —and strong sales are expected to continue. TSMC(ticker: TSM) notched a profit of $1.40 a … Read more
Text size Courtesy UiPath UiPath shares were sinking in premarket trading Thursday after the robotic-process automation software company reported a wider-than-expected loss in the fourth quarter and issued a first-quarter revenue forecast that also was below Wall Street expectations. UiPath (ticker: PATH) posted a loss of 12 cents a share in the quarter vs. analysts’ … Read more
Text size A JD.com distribution center in Beijing. Greg Baker/AFP via Getty Images Shares of JD.com fell sharply Thursday after the Chinese e-commerce giant reported fourth-quarter earnings that topped analysts’ forecasts but slower sales growth. U.S.-listed shares of JD.com (ticker: JD) declined 17% on Thursday to $51.78. JD.com reported net revenue in the quarter of … Read more
Shares of C3.ai Inc. were headed lower in after-hours trading Wednesday, though the maker of artificial-intelligence software reported better-than-expected revenue and earnings results and raised its outlook for the full fiscal year. The company posted a fiscal third-quarter net loss of $39.4 million, or 38 cents a share, compared with a loss of $16.9 million, … Read more
Text size Plug Power said it is on track to achieve its goal of $3 billion in revenue in 2025. Dreamstime Shares of Plug Power were rising in late trading as investors expressed cautious optimism over the hydrogen fuel-cell company’s financial forecasts for 2022, even as fourth-quarter losses were wider than expected. Plug (ticker: PLUG) … Read more