Articles

Nutanix stock jump 14% after earnings beat, strong revenue guidance

Shares of Nutanix rose after the cloud-software company posted better-than-expected quarterly results and projected revenue for the current year ahead of Wall Street estimates.

BJ’s Restaurants CEO Levin steps down; ex-Darden CFO to lead on interim basis

BJ’s Restaurants said its chief executive Gregory S. Levin has stepped down, and that board member and former Darden’s Restaurants’ Chief Financial Officer C. Bradford Richmond has taken over as interim CEO.

Why Yardeni likes home-builder stocks despite drop in consumer plans to buy homes

While high home prices remain an obstacle to prospective home buyers even as mortgage rates fall, pent-up demand should benefit home builders in the stock market, according to Yardeni Research.

The SEC just gave OpenSea a ‘Wells notice.’ Here’s what that means for the NFT platform.

NFT exchange OpenSea just received bad news from the securities regulator.

Chipotle to speed up CFO transition after C-suite shakeup

Chipotle Mexican Grill Inc. said Wednesday that it was speeding up its leadership changeover process, after its top ranks were shaken up by its chief executive’s pending departure for Starbucks Corp. and its chief financial officer’s plans to retire.

Victoria’s Secret stock climbs on Q2 earnings beat and raised outlook, despite ‘challenging’ consumer environment

Victoria’s Secret & Co.’s stock rose in extended trading Wednesday after the intimate-apparel company swung to a profit in its second-quarter results and raised its 2024 sales outlook, boosted by North American sales.

Affirm’s stock soars after earnings crush estimates and CEO sees path to profitability

Affirm Holdings’ stock soared more than 15% in after-hours trading Wednesday, after the buy-now-pay-later company blew past estimates for its fiscal fourth quarter and said it expects to generate an operating profit by the fourth quarter of fiscal 2025.

Five Below is curbing its expansion plans. But shares are rallying.

Teen- and tween-centric discount retailer Five Below Inc. on Wednesday grew more pessimistic on its full-year sales outlook and said it would pull back on opening new stores in the months ahead, as it deals with dimming shopper enthusiasm and tries to shore up its existing stores.

Okta’s stock tumbles after earnings beat is offset by mixed guidance

Cloud company updated guidance to reflect a challenging macro environment and potential impacts related to an Oct. 2023 security incident.

HP returns to growth, but stock falls as profit comes up short

The PC maker beat revenue expectations for its latest quarter, while coming up short on a profit metric.

Salesforce’s stock gains as margin outlook gets a boost; CFO to step down

Company maintains its revenue outlook for the full year, while some analysts expected a cut.

Supreme Court declines to revive Biden student debt relief plan. Here’s what borrowers should know.

The court’s ruling is the latest in a legal battle over the SAVE plan.
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