Category: Market News
Shares of GoPro Inc. GPRO, +1.48% were headed slightly higher in after-hours trading Thursday after the maker of action cameras topped expectations with its second-quarter results but acknowledged that inflation and foreign exchange could weigh on performance in the back half of the year. The company logged net income of $3 million, or 2 cents […]
Virgin Galactic Holdings Inc. SPCE, -0.73% is seeking to sell up to $300 million worth of shares in an “at the market” offering, as the space-tourism company’s cash reserves dwindle and the launch of its first commercial space is pushed back. In a filing with the Securities and Exchange Commission on Thursday, Virgin Galactic revealed […]
Shares of Atlassian Corp. PLC TEAM, +2.34% were up more than 10% in after-hours trading Thursday after the software company beat revenue expectations for its most recent quarter. The company posted a fiscal fourth-quarter net loss of $105.5 million, or 41 cents a share, compared with a loss of $213 million, or 85 cents a […]
Shares of Chegg Inc. CHGG, -2.35% were moving nearly 10% higher in after-hours action Thursday after the study-tools company exceeded expectations with its second-quarter financials. The company posted net income of $7.5 million, or 6 cents a share, compared with $32.8 million, or 20 cents a share, a year before. After adjustments, Chegg earned 37 […]
Expedia Group Inc. shares EXPE, -3.27% were headed 6% higher in after-hours trading Thursday after the online-travel company topped expectations with its latest results amid a strong rebound in travel. The company reported a net loss of $185 million, or $1.17 a share, compared with a loss of $301 million, or $2.02 a share, in […]
U.S. stocks closed mostly lower on Thursday, ahead of the release of Friday’s employment report for July, with investors hoping it will provide insights into whether America’s roaring labor market is exhibiting signs of cooling. The Dow Jones Industrial Average DJIA, -0.26% fell about 85 points, or 0.3%, ending near 32,727, a day after all […]
Gold prices finished 1.7% higher on Thursday to reclaim a footing above the key $1,800 mark, as investors focused on the chances of the U.S. economy slipping into a recession. December gold GCZ22, +1.90% GC00, +1.90% closed up 1.7% to settle at $1,806.90 an ounce on Comex, the highest finish for the most-active contract since […]
Fortinet Inc. FTNT, -16.08% shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortinet shares dropped as much as 17% to an intraday low of $52, putting them on track for their worst one-day performance since Oct. […]
U.S. stocks were struggling for direction Thursday morning after unemployment claims data signaled a softening labor market. The Dow Jones Industrial Average DJIA, -0.20% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.15% and Nasdaq Composite COMP, -0.17% were flipping between gains and losses, according to FactSet data, at last […]
Shares of Datadog Inc. DDOG, +5.69% were falling more than 9% in premarket trading Thursday after the cloud-monitoring company beat expectations with its second-quarter results but delivered a third-quarter revenue outlook that fell just shy of the FactSet consensus at the midpoint. The company recorded a net loss of $4.88 million, or 2 cents a […]