Jack Dorsey, co-founder and CEO of Block Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock shares jumped in extended trading on Thursday after the fintech company increased its forecast for the year.Here is how the company did, compared to analysts’ consensus estimates from LSEG.Earnings per share: 62 cents adjusted vs. 69 cents expectedBlock doesn’t report a revenue figure, but said gross profit rose 14% from a year earlier to $2.54 billion, beating analysts’ estimates of $2.46 billion for the quarter. Gross payment volume increased 10% to $64.25…
Author: usaeverydaylife
Check out the companies making headlines after the bell : Expedia Group — The travel booking website’s shares skyrocketed more than 15% in extended trading after the company’s second-quarter earnings and revenue beat expectations. Expedia also raised guidance for bookings and revenue for the full year. Block — Shares of the Cash App parent gained nearly 7%. Block stepped up its guidance for full-year gross profit to $10.17 billion. That’s up from its earlier call for $9.96 billion. Akamai Technologies — The cloud computing company rose 3%. Akamai raised its full-year guidance, calling for adjusted earnings to range from $6.60…
The ‘Fast Money’ talks Apple’s recent momentum and if it could be re-rated. Source link
WASHINGTON, DC August 6: US President Donald Trump shakes hands with CEO of Apple Tim Cook during a meeting in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty ImagesPresident Donald Trump has made clear that he wants Apple to make iPhones in the U.S.Apple CEO Tim Cook is doing what he can to appease the commander in chief, without making that ultimate concession.Cook on Wednesday appeared at the White House with President Trump to announce plans to spend about $600 billion over four years in the U.S. Apple…
The Omada Health logo is displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesOmada Health reported quarterly results for the first time since its IPO in June.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Loss: Loss per share of 24 cents.Revenue: $61 million vs. $55.2 million expectedThe virtual care company’s revenue increased 49% in its second quarter from $41.21 million a year earlier. The company reported a net loss of $5.31 million, or a 24-cent loss per share, compared to a net loss of $10.69 million, or $1.40 loss per share, during the same period last…
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares were down more than 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: $0.33 cents Adj. vs. $0.35 cents expectedRevenue: $998 million vs. $975 million expectedSales in Pinterest’s second quarter grew 17% year-over-year while net income was $38.76 million, up from $8.9 million a year ago during the same period.Pinterest said that third-quarter sales will come in between…
President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday.The nominee will serve out Kugler’s term, which expires Jan. 31, 2026.”In the meantime, we will continue to search for a permanent replacement,” Trump said in a Truth Social post, indicating that the nominee for the full 14-year term on the board could be someone else and Miran may just be in a caretaker role.Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside…
Online sports betting giant Flutter reported second-quarter earnings that beat Wall Street expectations Thursday. The company reported adjusted earnings of $2.95 a share versus an estimated $2.08, according to a survey of analysts by LSEG. Revenue came in slightly higher than expectations at $4.19 billion against consensus expectations of $4.13 billion.Flutter owns the dominant U.S sportsbook FanDuel, and FanDuel’s holding a winning hand.Its U.S. revenue for the quarter of $1.79 billion came in slightly higher than expectations, and adjusted earnings before interest, taxes, depreciation, and amortization was nearly $100 million higher than analyst consensus. June was especially good for FanDuel…
Bank of America is sticking by Emerson Electric after a postearnings sell-off, as the company could benefit from manufacturing shifting back to the U.S. Emerson Electric’s fiscal third-quarter results were mixed, hurt by weaker-than-expected sales. The company, which makes autonomous technology and industrial goods, lowered its full-year outlook and now estimates sales will rise 3.5% from the prior fiscal year, rather than its earlier forecast of 4% growth. Shares slipped about 8% on the heels of the report on Wednesday and were down another 2% in trading on Thursday. The pullback could be “an opportunity to buy pure-play automation at…
The Instacart logo is seen on a smartphone and on a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesInstacart earnings topped estimates and the grocery delivery company issued strong guidance.Here’s how the company did versus LSEG estimates:Earnings: 41 cents per share vs. 38 cents expectedRevenues: $914 million vs. $896 million expected”We delivered another strong quarter, reinforcing the essential role we play in helping families save time, money, and effort putting food on the table,” wrote outgoing CEO Fidji Simo in a shareholder letter to employees.Simo, who helped take the grocery delivery company public in 2023 and guided it through…
