Amazon.com Inc. reported record quarterly sales Thursday and has already reached a record profit total in 2020 amid ramped up pandemic spending, and it still has another three months to go that include Prime Day as well as the traditional winter holidays.
Shares of General Electric Co. pulled a sharp intraday U-turn Thursday to close in negative territory, as they once again failed to sustain gains above a chart resistance level, even as Wall Street analysts praised the industrial conglomerate’s blowout earnings report.
Activision Blizzard Inc. shares fell in the extended session Thursday after the videogame publisher’s December-quarter outlook fell well short of Wall Street expectations.
U.S. stocks booked modest gains on Thursday, taking back a chunk of Wednesday’s rout, after a preliminary reading of the health of the U.S. economy showed a rebound in growth following the recession caused by the coronavirus pandemic.
Twitter Inc. added users and revenue in the third quarter, but its profit and daily active-user gains fell short of analyst expectations, sending its shares sharply lower in after-hours trading.
Google parent Alphabet Inc. shares surged in the extended session Thursday after the tech giant returned to rising ad sales and topped Wall Street estimates with a quarterly earnings report.
Starbucks Corp. beats Wall Street expectations for its fiscal fourth quarter and says that store closures, fewer customers, and other realities in the pandemic caused it to lose $1.2 billion in sales for the quarter.
Pinterest Inc. is seeing a boom in new users as shut-in DIYers looked for new home improvement projects during the pandemic, and its revenue benefitted from a boycott by many large advertisers of Facebook.
Marvell Technology Group Ltd. is nearing a deal to buy Inphi, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.
Visa Inc. saw its overall payment volume grow for its fiscal fourth quarter, but the company continued to be weighed down by the pandemic’s impact on international travel.
Technology stocks often are a hot commodity when pandemic fears rear up. Here’s why that wasn’t the case on Wednesday as all three major U.S. stock indexes swooned.
Pinterest Inc. continued to experience a surge in new users during the COVID-19 pandemic, leading to larger-than-expected profit and revenue growth this summer, according to a Wednesday earnings report that sent shares on another ride toward fresh record highs.
In the first quarter of sales of its COVID-19 antiviral drug, Gilead Sciences Inc. produced better profit and sales than expected, buts its beleaguered shares were hit by a reduction in its annual sales forecast Wednesday.