Articles

Grocery Outlet’s technical issues are piling up for its stock

Shares of Grocery Outlet Holding Corp. tumbled after hours on Tuesday after the bargain grocery chain cut its full-year profit outlook — saying glitches related to a technological upgrade hit its bottom line harder than expected.

Arista Networks OKs $1.2 billion in buybacks as revenue jumps on strong cloud demand

Arista Networks said its revenue rose more than expected in the first quarter and authorized $1.2 billion in share buybacks.

Here’s how much Virgin Galactic earned from space tourists last quarter

Virgin Galactic Holdings Inc. said late Tuesday it racked up $2 million in revenue in the first quarter, mostly from commercial spaceflight and membership fees from future space tourists.

Robinhood’s SEC battle asks if crypto is a security. The answer could change how we trade.

The way crypto is traded may be a factor in the debate over whether the digital asset is a security.

Wynn Resorts’ profit soars thanks to higher revenue across all segments

Wynn Resorts posted a higher profit in the first quarter as all four of the company’s segments logged higher operating revenues.

Match Group’s Tinder posts further decline in payers, but Q1 results still top estimates

Match Group posted further declines in the number of paying users at dating app Tinder, an issue that is likely to exacerbate concerns about saturation in the online dating space despite otherwise solid first-quarter results.

IRobot names new CEO, posts Q1 profit amid steep layoffs

IRobot swung to a profit in the first quarter and trimmed its outlook for full-year losses after the company completed most of its planned cost cuts.

Rivian posts wider quarterly loss, stock falls 4%

Rivian reveals a mixed quarter, and stock drops in the after-hours session.

Stocks and commodities haven’t moved in lockstep like this since 1980. Here’s what investors need to know.

U.S. stocks and commodities haven’t moved in tandem like this in over four decades — potentially worrying investors who want to include commodities in their portfolios to mitigate risk and volatility in the financial markets.

Reddit shares soar on Q1 revenue beat and narrower-than-expected loss

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected first-quarter revenue and a narrower-than expected loss.

Upstart beats on earnings but misses with its forecast

The AI-oriented lending company is hoping to see a return to sequential growth in the second half of 2024.

Lyft puts up another quarter of positive free cash flow, following jump in rides

Ride-hailing service Lyft Inc. on Tuesday said it put up its second straight quarter of positive free cash flow, and said it expected higher cash generation for the year after a jump in rides and active riders.
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