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On May 7, 2026, possible profit-taking, a loss of momentum in European stocks, and broader AI valuation concerns weighed on this telecom heavyweight.

Investing.com -- MercadoLibre Inc (NASDAQ:MELI) reported first quarter results that missed earnings expectations despite strong revenue growth, sending shares down 7.2% in after-hours trading Thursday.

Investing.com -- Airbnb Inc (NASDAQ:ABNB) reported first quarter results that beat revenue expectations but fell short on earnings, as the home-sharing platform navigated geopolitical headwinds while posting strong top-line growth.

Investing.com -- Opendoor Technologies Inc (NASDAQ:OPEN) reported a wider-than-expected loss for the first quarter despite revenue exceeding analyst estimates, sending shares down 2.1% in after-hours trading Thursday.

In the closing of the recent trading day, Ralph Lauren (RL) stood at $353.55, denoting a -5% move from the preceding trading day.

ChargePoint Holdings, Inc. (CHPT) concluded the recent trading session at $6.16, signifying a -3.14% move from its prior day's close.

Restaurant technology platform Toast (NYSE:TOST) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 21.9% year on year to $1.63 billion. Its GAAP profit of $0.20 per share was 28.6% above analysts’ consensus estimates.

Trip.com (TCOM) concluded the recent trading session at $53.39, signifying a -1.95% move from its prior day's close.

Voice AI technology company SoundHound AI (NASDAQ:SOUN) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 51.7% year on year to $44.2 million. Its GAAP loss of $0.11 per share was in line with analysts’ consensus estimates.

Record quarterly results, surging security revenue, and a divided Wall Street set the stage for this volatile name, today, May 7, 2026.

Latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) reported Q1 CY2026 results beating Wall Street’s revenue expectations, with sales up 49% year on year to $8.85 billion. Its GAAP profit of $8.23 per share was in line with analysts’ consensus estimates.

CleanSpark (CLSK) concluded the recent trading session at $13.99, signifying a -3.52% move from its prior day's close.

Plug Power (PLUG) closed at $3.14 in the latest trading session, marking a -5.29% move from the prior day.

Marathon Digital Holdings, Inc. (MARA) reached $12.67 at the closing of the latest trading day, reflecting a -2.8% change compared to its last close.

In the most recent trading session, JD.com, Inc. (JD) closed at $30.23, indicating a -1.5% shift from the previous trading day.

Option Care Health provides infusion therapies and clinical support nationwide, focusing on complex care beyond traditional hospitals.

Blockchain infrastructure company Coinbase (NASDAQ:COIN) fell short of the market’s revenue expectations in Q1 CY2026, with sales falling 30.5% year on year to $1.41 billion. Its GAAP loss of $1.49 per share was significantly below analysts’ consensus estimates.

Cloudflare stock was falling sharply in late Thursday despite better-than-expected first-quarter results from the cybersecurity company. Cloudflare reported adjusted earnings of 25 cents a share on revenue of $639.8 million. Analysts surveyed by FactSet were expecting earnings of 23 cents a share on revenue of $621 million.

Airbnb (ABNB) delivered earnings and revenue surprises of -15.23% and +2.16%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

The cuts are a response to artificial intelligence triggering a “paradigm shift” in the software industry, said Chief Executive Matthew Prince.

OGE Energy (NYSE:OGE) reported first quarter earnings that fell short of expectations, with results affected by mild weather and higher maintenance expenses. The company also announced a power supply agreement with Google to serve three new data centers, a deal that will require regulatory approval. The combination of weaker quarterly earnings and the new data center contract highlights a shift in OGE Energy's near term performance and long term commitments. OGE Energy enters this news...

Thursday, MP reported first-quarter earnings per share of 3 cents from sales of $90.6 million. Wall Street was looking for a loss of 3 cents from sales of closer to $75 million.

Gilead Sciences beat analysts’ earnings and revenue expectations in its latest quarter. Gilead logged adjusted earnings of $2.03 a share, ahead of the $1.91 consensus among analysts polled by FactSet. Gilead’s top-line growth rested heavily on Biktarvy, its blockbuster HIV treatment, which accounted for nearly half of total revenue as sales rose 8% to $3.4 billion.

(Bloomberg) -- Lyft Inc. reported profit in the first quarter that fell short of Wall Street’s estimates after it spent heavily on an international expansion and on adding higher-end offerings like chauffeur services.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealChina Asks Banks to Pause New Loans to US-Sanctioned RefinerSo

Coinbase reported Q1 2026 revenue of $1.41 billion, missing analyst estimates as crypto trading volumes slumped.

Airbnb stock wavered and Expedia Group stock slid after the online travel booking companies posted first-quarter results Thursday. Airbnb's earnings came in below estimates while revenue beat. Expedia beat on the top and bottom line while sticking to its prior 2026 guidance.

US equity indexes declined on Thursday as Iran reportedly set up an agency to control shipping in th

Investing.com - Cloudflare Inc. (NYSE:NET) reported first quarter results that exceeded analyst expectations but shares tumbled 14% after the company issued disappointing revenue guidance for the current quarter.