‘Fast Money’ breaks news on Figma’s IPO pricing. Source link
Author: usaeverydaylife
File photo: US President Donald Trump gestures during a joint press conference in South Korea.Afp Contributor | Afp | Getty ImagesU.S. President Donald Trump on Wednesday announced that Washington had reached a “Full and Complete” trade deal with Seoul, setting blanket tariffs on the country’s exports to U.S. at 15%.Trump also said in a post on social media platform Truth Social that South Korea will “will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President.”South Korea’s President Lee Jae-myung said in a Facebook post that his…
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta’s Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money.The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.The Reality Labs…
Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and $10.35 billion in revenue. Microsoft — Shares climbed 7% after the tech titan reported fiscal fourth-quarter earnings of $3.65 per share, exceeding the $3.37 per share analysts polled by LSEG had penciled in. Microsoft’s revenue increased 18% to $76.44 billion from $64.7 billion a year…
Signage at eBay headquarters in San Jose, California, U.S.David Paul Morris | Bloomberg | Getty ImagesShares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period.Here’s how the company did in the second quarter compared to analyst estimates compiled by LSEG.Earnings per share: $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year over year to $19.5 billion. That topped analysts’ projected $18.9 billion, per StreetAccount estimates.For the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesFigma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range.The company’s stock will debut on the New York Stock Exchange under the ticker symbol “FIG” on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders.Figma is aiming to take advantage of a public market that has slowly reopened for tech IPOs.…
Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesThe $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant’s market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia, which hit $4 trillion for the first time earlier this month. Microsoft reported 18% revenue growth, its fastest rate of expansion in over three…
Robinhood beat Wall Street expectations for the second quarter Wednesday.Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:Earnings per share: 42 cents vs. 31 cents expectedRevenue: $989 million vs. $908 million expectedRevenue jumped 45% year-over-year to $989 million, while net income more than doubled to $386 million, up 105% from the same quarter last year.The number of funded customers climbed by 2.3 million to 26.5 million, topping the StreetAccount estimate of 26.1 million. Investment accounts also grew 10% year-over-year to 27.4 million.Total platform assets nearly doubled, rising 99% from a year earlier to…
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesArm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents vs. 35 cents expected.Revenue: $1.05 billion vs. $1.06 billion expected.The company said it expects second-quarter revenue in the range of $1.01 billion to $1.11 billion, which was in line with $1.05…
