Tag: share price movement
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Chipotle stock drops more 8% after earnings as company says inflation hit popular menu items
[ad_1] Chipotle Mexican Grill Inc. shares fell 8% in the after-hours session Wednesday after the fast-casual restaurant chain beat Wall Street expectations for its quarterly profit but called for a slightly weaker current quarter and said that inflation hit some of its most popular menu items. Food, beverage and packaging costs were lower in the…
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Meta’s stock jumps after AI, ad momentum drive earnings, revenue jump
[ad_1] Facebook parent Meta Platforms Inc. is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock was up more than 7% in after-hours trading Wednesday. Meta META, +1.39% reported fiscal second-quarter net income of $7.79 billion, or $2.98 a share, compared with net income of $6.7 billion,…
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Sales forecast sinks Snap stock, and execs say more investments are likely ahead to improve platform
[ad_1] Like other social-media platforms, Snap has struggled with a slowdown in the digital ad market. AFP/Getty Images Shares of Snap Inc. slid in after-hours trade Tuesday after the social-media platform forecast third-quarter sales that were below expectations, amid concerns about a wobbly digital advertising backdrop and the company’s spending push to improve the way…
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Alphabet stock jumps on earnings while Microsoft shares dip
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Shares of PacWest Bancorp PACW, -27.04% rocketed 37% as the Banc of California BANC, +11.17% confirmed plans to buy the troubled regional lender. [ad_2] Source link
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Microsoft earnings top estimates, but stock falls as execs detail AI’s costs
[ad_1] Microsoft Corp. easily topped profit and revenue expectations for its latest quarter, though its shares were moving more than 3% lower in extended trading Tuesday after the company discussed the year ahead. The technology giant has won favor on Wall Street for its positioning in the artificial-intelligence revolution, though Chief Financial Officer Amy Hood…
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PacWest stock rockets 30% after Banc of California confirms plan to buy troubled bank
[ad_1] PacWest Bancorp’s stock jumped more than 30% in after-hours trading Tuesday after the company said it had agreed to be acquired by Banc of California Inc. in an all-stock merger backed by two private-equity firms. The merger comes as PacWest looks to put a rocky period behind it. Under the terms of the merger…
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Opinion: Microsoft’s AI payday will take time, and investors need to be patient
[ad_1] Investors who may have gotten ahead of their skis on artificial intelligence heard some sobering words from Microsoft Corp. on Tuesday, as its top executives reminded them that the payoff from AI will take some time, while spending will increase. In after-hours trading, Microsoft’s shares MSFT, +1.70% fell nearly 4% during the company’s earnings…
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Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officer
[ad_1] Google parent Alphabet Inc.’s stock jumped more than 7% in after-hours trading Tuesday after the company beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September. Fueled by strong advertising sales, Alphabet GOOGL, +0.56% GOOG, +0.75% racked…
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Texas Instruments’ stock slips as outlook overshadows earnings beat
[ad_1] Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker’s outlook overshadowed its earnings beat. Texas Instruments TXN, +1.19% shares fell 2% after hours following a 1.2% gain to close the regular session at $186.08. The company reported second-quarter net income of $1.72 billion, or $1.87 a share, compared with…
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Zscaler’s stock rallies after analyst upgrades on ‘much higher degree of confidence’
[ad_1] Zscaler Inc.’s shares rallied Tuesday after an analyst upgraded the cybersecurity stock on higher confidence the company will make its revenue targets as business spending loosens up from a year of recessionary fears. Shares of Zscaler ZS, +4.83% surged more than 5% to an intraday high of $156.33, while the ETFMG Prime Cyber Security…