ADVFN US – Market Content Editor
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DoorDash climbs premarket on upbeat order value outlook
DoorDash (NASDAQ:DASH) shares rallied in U.S. premarket trading after the food delivery company issued a stronger-than-expected forecast for first-quarter marketplace gross order value (GOV), supported by resilient customer demand. The stock, which had been pressured in recent months amid concerns over margin sustainability, reversed earlier after-hours weakness following the guidance update. For the first quarter…
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Carvana slides after Q4 earnings fall short despite strong sales growth
Carvana (NYSE:CVNA) shares dropped more than 16% in U.S. premarket trading Thursday after the online used-car retailer posted fourth-quarter adjusted core earnings below expectations, overshadowing robust revenue expansion. The company reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $511 million for the quarter, missing analyst forecasts of $535.7 million. Revenue reached $5.6…
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eBay surges on Q4 earnings beat and Depop deal announcement
Shares of eBay (NASDAQ:EBAY) jumped nearly 8% in U.S. premarket trading Thursday after the e-commerce group posted stronger-than-expected fourth-quarter results, issued upbeat forward guidance, and unveiled plans to acquire fashion resale platform Depop from Etsy. The company reported fourth-quarter revenue of $3 billion, marking a 15% year-over-year increase and topping analyst forecasts of $2.87 billion.…
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Walmart shares slip after cautious full-year outlook
Walmart (NYSE:WMT) saw its shares edge lower in premarket trading Thursday after issuing a full-year earnings forecast that fell short of Wall Street expectations, citing heightened uncertainty across a range of economic and geopolitical factors. The Arkansas-based retail giant projected fiscal 2027 adjusted earnings per share of $2.75 to $2.85, below the Bloomberg consensus estimate…
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Deere rallies on strong Q1 revenue beat and higher full-year profit forecast
Shares of Deere & Company (NYSE:DE) climbed 4.5% in premarket trading Thursday after the farm equipment maker delivered first-quarter results well ahead of expectations and lifted its earnings outlook for the year. For the quarter, Deere posted net income of $656 million, or $2.42 per share, topping analyst forecasts of $2.02 per share. Revenue jumped…
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U.S. Jobless Claims Drop Sharply, Beating Expectations
New applications for U.S. unemployment benefits declined more than forecast in the week ended February 14, fresh data from the Labor Department showed on Thursday. Initial claims fell to 206,000, down 23,000 from the prior week’s revised total of 229,000. Economists had projected a more modest decrease to 225,000, compared with the originally reported 227,000…
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U.S. Trade Gap Widens Sharply in December as Imports Jump and Exports Retreat
The U.S. trade deficit expanded more than anticipated in December, according to new data released Thursday by the Commerce Department, as a strong increase in imports coincided with a drop in exports. The department reported that the deficit widened to $70.3 billion in December, up from a revised $53.0 billion in November. Market expectations had…
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Soft Walmart Outlook Set to Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures indicate a weaker start to Thursday’s session, with equities poised to retreat after the gains recorded a day earlier. A key drag on sentiment is Walmart (NYSE:WMT). Although the retailer delivered fourth-quarter results that topped expectations, its earnings outlook for the year ahead fell short of forecasts, dampening investor enthusiasm. Concerns over…
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Oil continues higher as U.S.-Iran tensions fuel supply fears
Oil prices advanced again on Thursday, as diplomatic efforts between Washington and Tehran unfolded alongside an uptick in military activity across the strategically vital Middle East energy corridor. By 0735 GMT, Brent crude was up 23 cents, or 0.3%, at $70.58 per barrel, while U.S. West Texas Intermediate (WTI) gained 25 cents, or 0.4%, to…
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Gold climbs back above $5,000 as geopolitical tensions support demand; Fed minutes temper gains
Gold prices moved higher in Asian trading on Thursday, building on a more than 2% surge in the prior session, as investors weighed ongoing geopolitical risks alongside mixed messaging from the Federal Reserve. Spot gold rose 0.9% to $5,019.95 per ounce by 02:03 ET (07:03 GMT), while U.S. gold futures advanced 0.6% to $5,037.75. The…