Analysts hailed Uber Technologies Inc. as their ride-sharing preference Tuesday as Lyft Inc. posted quarterly results that indicated it was feeling some pressure from its larger rival, sending Lyft’s shares Read more
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Atlassian stock drops 25% after earnings, potentially wiping away more than $10 billion in valuation
Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives saw signs of economic Read more
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
The food-delivery business has seen lots of ups and downs this year — shutdowns, layoffs, consolidations — as consumers resume their pre-pandemic ways. Now, data and insider commentary about the Read more
Sleep Number stock tanks amid slashed earnings forecast, ‘historically low’ consumer sentiment
Shares of Sleep Number Corp. were getting pummeled in late trading Wednesday after the maker of “smart beds” slashed its earnings forecast as it deals with the twin challenges of Read more
Meta stock downgraded at Bank of America amid concerns about Reels and the metaverse
Shares of Meta Platforms Inc. were falling in premarket action Monday after a Bank of America analyst threw in the towel on his bullish call. Bank of America’s Justin Post Read more
Walmart is still seeing ‘strong’ demand and spending, its U.S. CEO says
““We certainly are watching the market very closely, but what we see from customers is that spending is still strong. There’s a lot of demand in the United States and Read more
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S. department-store Read more
Shop Apotheke Q3 sales grew as it brought in more customers
Shop Apotheke Europe NV SAE, +4.50% said sales rose in the third quarter as it grew its customer base, and backed its guidance for the full year. The Netherlands-based online Read more
Why Pinterest may be in a better spot than Snap and Twitter
Shares of Pinterest Inc. could be headed for their best one-day performance in more than a year after the company, which lets people collect inspirational ideas, struck a more upbeat Read more
Pinterest stock jumps 20% after Elliott confirms stake; earnings miss but users stick around
Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around, and Read more
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