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Business

Microsoft surpasses Q3 revenue and profit expectations due to cloud services. CWEB analysts upgraded the stock.

Microsoft (MSFT) reported fiscal third-quarter earnings on Friday, surpassing analysts' expectations for both the top and bottom lines. This was primarily due to the...

Meta AI push fails to excite market, shares drop by 16 percent, CWEB analyzes

Meta Platforms (META) revealed billions spent on artificial intelligence, and its stock value dramatically declined. CEO Mark Zuckerberg’s thrust into the upcoming field of...

RenBridge, a cross-chain channel used to launder $540 Million crime-related crypto funds, report says

On Wednesday, blockchain analytics firm Elliptic said that the cross-chain channel RenBridge was used to transfer $540 million in illicit funds, since 2020. These...

Wix.com Shares Up 11 percent Following Q2 Results

Wix.com Ltd. (NASDAQ:WIX) shares rose more than 11% on Wednesday following the company’s reported Q2 results, with EPS of ($0.14) coming in better than...

Navitas Semiconductor Corporation’s Upcoming Q2 Earnings Preview

Deutsche Bank analysts provided their outlook on Navitas Semiconductor Corporation (NASDAQ:NVTS) ahead of the company’s upcoming Q2 earnings release on Aug 15. The analysts believe...

Unity Software Shares Soar 10 percent Following Q2 EPS Beat, Guidance Worse Than Expected

Unity Software Inc. (NYSE:U) shares closed more than 10% higher on Wednesday following the company’s reported Q2 results, with EPS of ($0.18) coming in...

Coinbase Global Shares Up 7 percent Despite Q2 Miss

Coinbase Global, Inc. (NASDAQ:COIN) shares closed more than 7% higher on Wednesday despite the company’s reported Q2 results, with EPS of ($4.98) missing the...

Luminar Technologies Shares Surge 7 percent on Q2 Revenue Beat & Raised Guidance

Luminar Technologies, Inc. (NASDAQ:LAZR) shares rose more than 7% on Tuesday following the company’s reported Q2 results, with revenue of $9.9 million coming in...

Take-Two Interactive Software Shares Down 3 percent on Q1 EPS Miss

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares closed more than 3% lower on Tuesday following the company’s reported Q1 results, with EPS of ($0.76) significantly...

The NFL owners unanimously APPROVED sale of Broncos to Walmart heir Rob Walton

NFL owners unanimously approved the sale of the Denver Broncos to an ownership group led by Rob Walton, whose father founded Walmart, on Tuesday...

Vivint Smart Home Reports Q2 Beat, Provides Guidance

Vivint Smart Home, Inc. (NYSE:VVNT) reported its Q2 results, with revenue coming in at $407.3 million, better than the Street estimate of $391 million. According...

EverCommerce’s Q2 Revenue Beat Estimates, Guidance Raised

EverCommerce Inc. (NASDAQ:EVCM) reported its Q2 earnings results, with EPS coming in at ($0.07), worse than the Street estimate of $0.04. Revenue was $157.2...

What to Expect From Traeger’s Upcoming Q2 Earnings?

RBC Capital analysts provided their outlook on Traeger, Inc. (NYSE:COOK) ahead of the company’s upcoming Q2 earnings release. The analysts expect Q2 net sales...

DigitalOcean Reports Q2 EPS Beat, Provides Strong Guidance

DigitalOcean Holdings, Inc. (NYSE:DOCN) reported its Q2 results, with EPS of $0.20 coming in better than the Street estimate of $0.10. Revenue was $133.9...

How you can Uninstall Avast Secure Internet browser

If you have installed Avast Protected Browser on your computer system, the first step you should take should be to uninstall ...

When traditional media meets modern media, will sparks fly? Cox Enterprises to buy Axios News

As the publishing world sees new mergers, one more is in the horizon. However, this acquisition is a case of opposites attract rather than...

Groupon plans a turnaround. This is the time to buy this undervalued stock.

Groupon Inc. announced it will implement a new major   "turnaround plan" that will benefit the company going forward. Groupon has undervalued assets and a...

SmartRent’s Q2 Earnings Preview

Deutsche Bank analysts provided their outlook on SmartRent, Inc. (NYSE:SMRT) ahead of the company’s upcoming Q2 earnings report, expecting results to be generally in...

Adient Shares Up 4 percent Following Q3 EPS Beat

Adient (NYSE:ADNT) shares rose more than 4% on Monday following the company’s reported Q3 results, with EPS of $0.08 coming in better than the...

Elon Musk Says Inflation Has Peaked, Mild Recession is Likely

Tesla and SpaceX CEO Elon Musk talked about the current state of the U.S. economy, inflation, and recession during Tesla’s 2022 annual meeting of...

Twilio Shares Drop 13 percent on Disappointing Guidance, While Q2 Beat Estimates

Twilio Inc. (NYSE:TWLO) shares closed more than 13% lower on Friday following the company’s reported Q2 results. While both adjusted EPS of ($0.11) and...

Mueller Water Products Shares Drop 10 percent on Guidance Cut

Mueller Water Products, Inc. (NYSE:MWA) shares drop nearly 10% on Friday following the company’s Q3 results, with EPS of $0.19 coming in worse than...

Flowers Foods’ Upcoming Q2 Earnings Preview

Analysts at Deutsche Bank shared their outlook on Flowers Foods, Inc. (NYSE:FLO) ahead of the company’s Q2 earnings, expected to be released on Aug...

Shake Shack Reports Q3 EPS Beat, While Revenue Miss Expectations

Shake Shack (NYSE: SHAK) reported its Q2 results, with EPS of $0.00 coming in better than the Street estimate of ($0.02). Revenue was $230.8...

What to Expect From The Estée Lauder’s Upcoming Q4 Earnings Results?

Oppenheimer analysts provided their outlook on The Estée Lauder Companies Inc. (NYSE:EL) ahead of the company’s earnings results, expected to be announced on Aug...

Cigna Corporation Reports Better Than Expected Q2 Results

Cigna Corporation (NYSE:CI) reported its Q2 results, with EPS of $6.22 coming in above the Street estimate of $5.49. Revenue came in at $45.5...

Expedia Group Reports Q2 Beat, Revenues Grow 51 percent

Expedia Group, Inc. (NASDAQ:EXPE) reported its Q2 results, with EPS coming in at $1.96, beating the Street estimate of $1.58. Revenue was up 51%...

Universal Display Corporation Reports Q2 Miss, Lowers 2022 Outlook

Universal Display Corporation (NASDAQ:OLED) reported its Q2 results, with EPS of $0.87 coming in worse than the Street estimate of $1.05. Revenue was $136.6...

DoorDash Reports Q2 Revenue Beat, While EPS Miss Estimates

DoorDash, Inc. (NYSE:DASH) reported its Q2 results, with EPS of ($0.72) coming in worse than the Street estimate of ($0.21). Revenue increased 30% year-over-year...

Child Porn Facilitated Spread Slammed by Visa CEO , Cuts Ties with Pornhub

Multinational financial services corporation Visa Inc.’s CEO and Chairman Al Kelly strongly disagreed with accusations that the company aided the spread of child pornography...

Skybridge Capital Says Bitcoin Fair Market Value is $40,000

Anthony Scaramucci, founder and managing partner of Skybridge Capital, a global asset management firm, shared its company’s estimates on Bitcoin’s and Ethereum’s fair market...

The Western Union Reports Q2 Revenue Miss, EPS Beat Estimates

The Western Union Company (NYSE:WU) reported its Q2 results, with EPS of $0.51 coming in better than the Street estimate of $0.41. Revenue was...

FC Barcelona’s Web3 Strategy receives $100 million investment from Socios

The Socios site is a blockchain based fan engagement and rewards platform. It invests in Web3 strategy for football teams across the world. It...

Former Facebook and Tinder employees to build Niche, a Web3 social networking site

As technology progresses, consumer habits change. The recent social media trend that is very popular is the short-form video and two former employees of...

SolarEdge Technologies Shares Plunge 19 percent Following Q2 Revenue Miss, EPS Beat Estimates

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares plummeted more than 19% on Wednesday following the company’s reported Q2 results, with revenue coming in at $727.8 million,...

Robinhood Markets Shares Up 18 percent Since Q2 Earnings Announcement

Robinhood Markets, Inc. (NASDAQ:HOOD) shares rose nearly 18% since the company’s reported Q2 results on Tuesday, with revenue of $318 million coming in better...

Ceridian HCM Holding Shares Surge 10 percent Following Q2 Beat

Ceridian HCM Holding Inc. (NYSE:CDAY) shares rose more than 10% on Wednesday following the company’s reported Q2 results, with EPS of $0.21 coming in...

Waste Connections Reports Q2 Beat, Raises 2022 Guidance

Waste Connections, Inc. (NYSE:WCN) reported its Q2 earnings results, with EPS of $1.00 coming in better than the Street estimate of $0.95. Revenue was...

Match Group Shares Plunge 17 percent Following Disappointing Q2 Results

Match Group, Inc. (NASDAQ:MTCH) shares closed more than 17% lower on Wednesday following the company’s reported disappointing Q2 results, with EPS coming in at...

AMTD meme stock that saw 128 percent jump, falls by 40 percent the next day

On Tuesday, there was a market rally as meme stock AMTD was fueled by a Reddit subgroup similar to what was seen by AMC...

Eaton Corporation Reports Q2 Beat, Provides Guidance

Eaton Corporation (NYSE:ETN) reported its Q2 earnings results, with EPS of $1.86 coming in better than the Street estimate of $1.81. Revenue was $5.21...

Celebrity Mark Cuban and Jet Tracker Jack Sweeney Make a Deal to Stop Tracking his Airplanes

Jack Sweeney, a sophomore at the University of Central Florida, is the kid behind 30 automated Twitter accounts that track the travels of a...

Electronic Arts Shares Up 3 percent on Q1 Beat, Provides 2023 Guidance

Electronic Arts Inc. (NASDAQ:EA) shares closed more than 3% higher today following the company’s reported Q1 results, with EPS of $1.11 coming in better...

Advanced Micro Devices Reports Q2 Beat, Provides Guidance

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported its Q2 results, with EPS coming in at $1.05, better than the Street estimate of $1.03. Revenue was...

Airbnb Reports Q2 EPS Beat, Revenues In Line, Provides Guidance

Airbnb, Inc. (NASDAQ:ABNB) reported Q2 results, with EPS of $0.56 coming in better than the Street estimate of $0.45. Revenue increased 58% year-over-year to...

Uber Technologies Reports Q2 Miss, While Revenue Beat Estimates

Uber Technologies, Inc. (NYSE:UBER) reported its Q2 results, with EPS of ($1.33) coming in worse than the Street estimate of ($0.27). Revenue came in...

Celebrity F1 driver Lewis Hamilton joins Walton-Penner Group as part owner of NFL Denver Broncos

Seven-time Formula One world champion Lewis Hamilton has become a part owner of the Denver Broncos as he has become part of the Walton-Penner...

What to Expect From Monster Beverage Corporation’s Q2 Earnings?

Analysts at RBC Capital provided their views on Monster Beverage Corporation’s (NASDAQ:MNST) upcoming Q2 earnings results, expecting net sales growth of 9.6% and EPS...

ZoomInfo Technologies Shares Surge 11 percent on Q2 Beat & Raise

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares rose more than 11% yesterday, following the company’s reported Q2 results, with EPS coming in at $0.21, beating the...

Rambus Reports Worse Than Expected Q2 Results

Rambus Inc. (NASDAQ:RMBS) reported its Q2 results, with EPS of $0.31 coming in worse than the Street estimate of $0.40. Revenue was $121.1 million,...
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