Financial Performance

Salesforce's big growth era seems over, which may prompt return to its old ways

Salesforce’s big growth era seems over, which may prompt return to its old ways

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Salesforce Inc.’s recent financials confirmed that the cloud software giant is now in a slower growth phase, which could make the company consider returning to its old ways of driving more growth. On Wednesday, Salesforce CRM, +9.36% reported on-target fiscal third-quarter results, with revenue coming in at $8.72 billion. And while revenue exactly met analysts’ …

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ChargePoint stock down more than 20% after revenue warning, CEO change

ChargePoint stock down more than 20% after revenue warning, CEO change

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Shares of ChargePoint Holdings Inc. tanked more than 20% in the extended session Thursday after the EV charging company lost its top executive and said its third-quarter sales are well off the mark. “Our core markets of North America and Europe both came under pressure late in the third quarter, with revenue falling far short …

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Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May

Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May

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Exchange-traded funds that buy bank stocks surged Tuesday after a reading on inflation was softer than Wall Street analysts expected. Shares of the SPDR S&P Regional Banking ETF KRE closed 7.4 % higher, booking their largest percentage increase since May, according to Dow Jones Market Data. The Invesco KBW Bank ETF KBWB, which holds major …

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Sleep Number’s stock falls 25% as company saw demand change ‘abruptly’

Sleep Number’s stock falls 25% as company saw demand change ‘abruptly’

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Shares of Sleep Number Corp. tanked 25% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for the full year and said it reached an agreement with a shareholder that had been pushing for change. It was a “challenging” quarter for Sleep Number SNBR, …

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The stock market is looking for direction and there's a hopeful sign just ahead

The stock market is looking for direction and there’s a hopeful sign just ahead

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The stock market, as measured by the S&P 500 Index SPX, is testing its support level at 4200, which is also roughly the location of the 200-day Moving Average of SPX. At the beginning of October, SPX retreated to these same levels, and an oversold rally occurred. But that rally topped out at the declining …

The stock market is looking for direction and there’s a hopeful sign just ahead Read More »

Tesla, Anheuser-Busch, les actions de Logitech augmentent, iRobot, les actions de Virgin Galactic chutent et d'autres actions sont en mouvement

Tesla earnings miss the mark, stock turns lower as Elon Musk tempers Cybertruck expectations

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Tesla Inc. investors looked past an earnings miss for the EV maker on Wednesday, focusing on some good news about the Cybertruck, but stock gains vanished after Chief Executive Elon Musk threw cold water on optimism about the electric pickup truck. “I just want to temper expectations for Cybertruck,” Musk said during a call with …

Tesla earnings miss the mark, stock turns lower as Elon Musk tempers Cybertruck expectations Read More »

'Unprecedented' AI server buildout may be happening too quickly, this analyst warns

‘Unprecedented’ AI server buildout may be happening too quickly, this analyst warns

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Forecasts for data-center server growth far exceed any that occurred during the rise of the internet, so while one analyst is positive long term on the AI gold rush, he warns the risk of building too much too soon also runs high. This past summer, graphics-processing unit giant Nvidia Corp. NVDA, -4.68% reported a 141% …

‘Unprecedented’ AI server buildout may be happening too quickly, this analyst warns Read More »

Tesla reports earnings this week, and it's 'all about margins'

Tesla reports earnings this week, and it’s ‘all about margins’

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Tesla Inc. is slated to report third-quarter earnings on Wednesday amid renewed concerns about the EV maker’s margins and demand after a fresh round of price cuts. Sentiment toward Tesla TSLA, -2.99% earnings for the remainder of the year “skews cautious,” and there’s risk earnings could be revised lower, Morgan Stanley analyst Adam Jonas said …

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AMC stock extends winning streak to 5 days, boosted by Taylor Swift concert movie

AMC stock extends winning streak to 5 days, boosted by Taylor Swift concert movie

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Shares of AMC Entertainment Holdings Inc. ended Thursday’s session up 5.6%, extending their winning streak to five sessions as Taylor Swift’s eagerly anticipated concert film hits screens.  The winning streak is AMC’s AMC, +5.57% longest since a five-day streak that ended on May 1. The movie has been breaking records ahead of its scheduled release …

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Victoria’s Secret’s stock rallies on more upbeat third-quarter forecast, but retailer says its products don’t stand out enough

Victoria’s Secret’s stock rallies on more upbeat third-quarter forecast, but retailer says its products don’t stand out enough

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Shares of Victoria’s Secret & Co. rose after hours on Wednesday after the maker of bras, lingerie and sleepwear said it could lose less than previously thought during the third quarter, as plans to boost growth help it navigate weaker demand for intimate wear. Shares of Victoria’s Secret VSCO, -8.69% were up 3.2% after hours. …

Victoria’s Secret’s stock rallies on more upbeat third-quarter forecast, but retailer says its products don’t stand out enough Read More »

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