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.
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.
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.
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.
GrubHub Inc. shares rose in the extended session Wednesday after the online food-ordering platform reported increased revenue that beat estimates as the pandemic continued to bolster its business, even though it posted a wider loss than expected.
The U.S. trade deficit in goods fell 4.5% in September a month after hitting a record high, but it’s likely to remain elevated in the next few months as retailers restock ahead of the holiday shopping season.