Author: Fiona Craig
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Analog Devices Shares Up 5% As Q1 Revenue Beats Estimates
Semiconductor manufacturer Analog Devices (NASDAQl:ADI) has beaten Wall Street’s expectations for revenue and profit, the company announced on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment. The company’s shares rose 5% in premarket trading. Analog Devices provides semiconductors to a variety of industries, such as aerospace, automotive, communications, digital healthcare…
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Bumble Shares Fall 13% In After-hours Trading on Weak Revenue Forecast
Shares in Bumble Inc (NASDAQ:BMBL) fell 13% after hours on Tuesday following a weaker-than-expected revenue forecast for the first quarter issued by the dating app company. Bumble expects its revenue for the first quarter of 2025, to come between $242 million and $248 million, falling short of analysts’ expectations of $257.2 million. The company expects…
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Bitcoin Grinds Down, FTX Payouts Begin Today Which Could Move The Price
After three days of a slow grind downwards, Bitcoin (COIN:BTCUSD) perked up a bit this morning, but the optimism didn’t last. Today’s trading session shows the price going back and forth as if it just can’t make its mind up where it wants to be. BTC just can’t seem to break through the $100,000 resistance…
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Tesla Has ‘Very Poor’ January, Losing Share Worldwide, Says UBS
Electric car manufacturer Tesla (NASDAW:TSLA) has had a bad start to the year, losing market share across key regions, according to a note from USB. The bank said on Friday that the company’s European sales plunged 51% year on year, making it the “biggest loser” in the region. Chinese retail sales also dropped 15% year…
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GameStop Shares Jump 7.7% As Company Considers Investing In Bitcoin And Other Crypto
Meme stock GameStop (NYSE:GME) is considering investing in Bitcoin and other cryptocurrencies, a report in CNBC says. It cites sources familiar with the matter, and says it is a result of GameStop’s move to diversify its assets. The company’s share price rocketed 7.7% in after hours trading on Thursday, showing investors approval of this potential…
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Hertz Losses Wider Than Expected, Sending Shares Down
Car rental company Hertz Global (NASDAQ:HTZWW) saw its shares tumble premarket after it reported a wider-than-expected quarterly loss and missed revenue estimates. The company’s fourth quarter loss per share was $1.18, considerably over analysts’ expectations of a $0.65 loss. Revenue was $2.04 billion, also below the consensus estimate of $2.13 billion. Hertz’s shares fell 11%…
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Kraft Heinz Outlook Disappoints, Leading To Downgrade By BofA And Citi
Kraft Heinz (NASDAQ:KHC) has seen its stock downgraded by Bank of America and Citi after poor results and a disappointing outlook. The company posted a fourth straight quarter of missed sales targets, with net sales down 4.1% to $6.6bn in the three months to 28 December, as higher prices pushed shoppers away to cheaper alternatives. Sales…
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Datadog’s Earnings Beat Expectation But Weak Guidance Sends Shares Down 14%
Cloud monitoring and security platform provider Datadog (NASDAQ:DDOG) reported its earnings for the fourth quarter beat analyst expectations, but the company issued guidance that feel short of estimates. As a result, shares fell 14% in premarket trading. The company posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.43. Revenue for the…
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Ford CEO Complains About ‘Cost and Chaos’ of Trump Tariffs
The CEO of automaker Ford Motor (NYSE:F), Jim Farley, has said that U.S. President Trumps tariffs have added “a lot of cost and a lot of chaos,” although he said that he believes the president’s aim is to strengthen the American auto industry overall. The company is looking at areas where it can build up…
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Coca-Cola Shares Fizz Up As Fourth-quarter Income Beats Estimates
Coca-Cola’s (NYSE:KP) fourth-quarter income exceeded estimates, thanks to an unexpected rise in volumes. Shares in the drinks group rose over 3% in early trading on Tuesday. The company has been rolling out slimmer 12-ounce cans in the U.S. to try and boost sales, in reaction to cost-conscious shoppers being much more caution recently around their…