Category: Include on Menu
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Ross Stores rises on Q2 results; expects strong demand as shoppers hunt for bargains
Ross Stores (NASDAQ:ROST) reported second-quarter results on Thursday that exceeded Wall Street expectations, despite facing tariff-related pressures, and indicated that industry-wide price increases are likely to boost demand among value-conscious consumers this Fall. Shares of Ross Stores climbed 3% in premarket trading Friday. The retailer posted Q2 earnings of $1.56 per share on $5.53 billion…
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Intuit tops Q4 forecasts but cautious guidance weighs on shares
Intuit (NASDAQ:INTU) reported fourth-quarter earnings and revenue that exceeded Wall Street expectations on Thursday, yet its shares dropped more than 5% in extended trading, amid concerns over slower growth in its Global Business Solutions Group (GBSG) division. The maker of TurboTax and QuickBooks posted Q4 earnings of $2.75 per share, above analysts’ consensus of $2.66.…
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Workday beats earnings expectations but cautious outlook drags shares
Workday (NASDAQ:WDAY) reported quarterly results that exceeded Wall Street estimates for both profit and revenue, yet its shares fell more than 4% in premarket trading Friday after issuing a cautious revenue forecast for the current quarter. The company posted second-quarter earnings of $2.21 per share, surpassing analysts’ expectations of $2.11. Revenue reached $2.35 billion, slightly…
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Starbucks invites offers for China unit stake, sets two-week deadline – Reuters
Starbucks (NASDAQ:SBUX) has invited non-binding offers from a select group of potential buyers for a stake in its China operations, with submissions due within the next two weeks, Reuters reported. The shortlist reportedly includes private equity firms Carlyle, EQT, Bain, and KKR, alongside investment companies Hillhouse Capital, Primavera Capital, and tech giant Tencent. Starbucks declined…
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Zoom surges after raising full-year guidance on enterprise growth, beats Q2 estimates
Shares of Zoom Video Communications Inc (NASDAQ:ZM) jumped more than 5% in premarket trading Friday following the company’s stronger-than-expected second-quarter results and a boost to its annual earnings guidance. For the quarter ending July 31, Zoom reported adjusted earnings per share of $1.53 on revenue of $1.22 billion, surpassing analysts’ estimates of $1.38 per share…
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Google shares climb after reported $10B cloud agreement with Meta
Shares of Alphabet Inc (NASDAQ:GOOGL) rose over 1% in premarket trading Friday following reports that Meta Platforms (NASDAQ:META) has struck a cloud computing deal with Google valued at more than $10 billion, according to The Information citing sources close to the matter. Under the agreement, Meta will rely on Google Cloud for servers, storage, and…
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Meta brings in Apple AI executive to boost Superintelligence Labs
Meta Platforms Inc (NASDAQ:META) is reportedly hiring a top artificial intelligence executive from Apple Inc (NASDAQ:AAPL) as the company plans to slow overall hiring, according to Bloomberg sources familiar with the matter. Frank Chu, who has previously led Apple AI teams specializing in cloud infrastructure, AI training, and search, is set to join Meta’s Superintelligence…
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Nvidia pauses H20 chip production amid Beijing scrutiny; shares dip
NVIDIA Corporation (NASDAQ:NVDA) has reportedly instructed some of its suppliers to suspend production of the H20 AI chip designed for the Chinese market, following heightened scrutiny from Chinese authorities, according to The Information. Shares of the semiconductor giant fell 1.2% in premarket trading on Friday at 04:14 ET (08:14 GMT). Earlier this month, Chinese regulators…
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Tesla hikes Cybertruck Cyberbeast price by $15K with new Luxe Package
Tesla (NASDAQ:TSLA) has increased the cost of its premium Cybertruck variant, the Cyberbeast, by $15,000, according to its website. The updated pricing sets the Cyberbeast at $114,990, up from the previous $99,990. The boost coincides with the introduction of a “Luxe Package,” which combines Tesla’s supervised Full Self-Driving features with complimentary access to the company’s…
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Bitcoin dips below $113k as investors brace for Powell speech
Bitcoin (COIN:BTCUSD) slipped to $112,943 on Friday, continuing a week-long downtrend as doubts over U.S. interest rate cuts weighed on risk sentiment ahead of Federal Reserve Chair Jerome Powell’s address. The cryptocurrency has lost nearly 4% this week, following a wave of profit-taking after mid-August record highs. Other major cryptocurrencies also fell, signaling broader weekly…