Spotify (SPOT) sent ripples throughout the stock market this morning after surprising everyone with its first quarterly profit in the past year while analysts were expecting a loss. The Sweden-based streaming service grew sales by 17% year over year, reporting a figure that equates to $3.57 billion - just narrowly outperforming the analyst consensus [...]
Shares of Arm Holdings PLC (ARM) are up 3% in Monday morning’s trading session after news hit that the bulls love this stock. In fact, some analysts see as much as a 57% upside potential in the stock. The company, which specializes in chip design, is trading only 6% above its IPO price. That [...]
Shares of Adobe (ADBE) are down nearly 5% in Friday’s trading session after the cloud software firm reported third-quarter earnings. Despite beating the analyst consensus, the substantial investments in AI have yet to pay off. And, the outlook for the final quarter left much to be desired. Revenue for the quarter came in at [...]
Shares of Oracle (ORCL) are down 12% so far in Tuesday morning’s trading session even after the company posted first-quarter earnings that beat the consensus. The problem? The dismal guidance for the second quarter ahead. Oracle has benefited as more and more companies rush to claim their stake in the AI marketplace. The demand [...]
Amazon announced that it has reached an agreement for an enhanced collaboration with Shopify (SHOP) yesterday after the market closed. Shares rose in extended trading and they picked right back up this morning, as the stock has gained more than 9% so far in Thursday’s session. Amazon and Shopify already had a partnership in [...]
Shares of Box Inc. (BOX) fell more than 9% when the market opened Wednesday. The company reported second-quarter earnings yesterday after hours and the results were anything but positive. While revenue did climb 6% to $261.4 million, this was only a hair above the analyst consensus of $261 million. Meanwhile, net income of $10.8 [...]
