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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.
While they beat expectations on both revenue and gross bookings, both earnings and total rides came in a bit light. Shares initially rose a few percentage points after the report was released before falling around 3% to $13.71. Revenue for the first quarter came in at $1.650 billion, ahead of expectations for $1.631 billion.
Investing.com -- CoreWeave on Thursday reported mixed first-quarter results as demand for artificial intelligence infrastructure boosted revenue, though losses widened amid heavy spending on expansion.
Allegro MicroSystems beat Wall Street's targets for its fiscal fourth quarter and with its outlook for the current period.
Cloud services firm Cloudflare forecast quarterly revenue below estimates on Thursday, and said it is laying off about 20%, or more than 1,100, employees globally. Shares of the company fell more than 13% in extended trading. The company expects second-quarter revenue between $664.0 and $665.0 million, compared with estimates of $665.3 million, according to data compiled by LSEG.
Investing.com -- The Trade Desk (NASDAQ:TTD) reported first quarter results that missed earnings expectations and issued disappointing guidance, sending shares down 14.9% in after-hours trading Thursday.
Healthcare apparel company Figs (NYSE:FIGS) reported revenue ahead of Wall Street’s expectations in Q1 CY2026, with sales up 28% year on year to $159.9 million. Its GAAP profit of $0.03 per share was $0.01 above analysts’ consensus estimates.
Cloud security and performance company Cloudflare (NYSE:NET) announced better-than-expected revenue in Q1 CY2026, with sales up 33.5% year on year to $639.8 million. The company expects next quarter’s revenue to be around $664.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.25 per share was 7% above analysts’ consensus estimates.
Coinbase reported Q1 earnings after market close on Thursday.
For a second day in a row, the Dow crossed 50,000 but couldn’t close it out. The blue-chip index was down 313 points, or 0.6%. The S&P 500 fell 0.4%. The Nasdaq fell 0.1%. The S&P and Nasdaq pulled back from record closing highs from Wednesday.
Digital advertising platform The Trade Desk (NASDAQ:TTD) announced better-than-expected revenue in Q1 CY2026, with sales up 11.8% year on year to $688.9 million. On the other hand, next quarter’s revenue guidance of $750 million was less impressive, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.28 per share was 12.4% below analysts’ consensus estimates.
The UK's Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard, and Visa over digital wallet funding and usage practices. The probe focuses on whether the companies' conduct may limit competition in the UK digital payments market. This action brings fresh regulatory attention to NasdaqGS:PYPL in one of its important international markets. PayPal, through its global digital payments platform, is closely linked to how consumers fund and use digital wallets...
CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped into strong demand for its high-performance computing services used to train and deploy artificial intelligence models. CoreWeave's core advantage lies in its specialized infrastructure and a close relationship with AI chip bellwether Nvidia, which grants it early and large-scale access to the most sought-after AI hardware.The company reported total revenue of $2.08 billion for the first quarter, compared with analysts' average estimate of $1.97 billion, according to data compiled by LSEG.
By Deena Beasley LOS ANGELES, May 7 (Reuters) - Gilead Sciences on Thursday posted a higher-than-expected first-quarter profit and raised its outlook for 2026 sales, but said it now expects a loss for
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and
Stock traders view the Iran war as a temporary shock, contrasting with the Treasury market pricing in a more protracted conflict.
Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.
US equity indexes were lower ahead of Thursday's close as Iran reportedly set up an agency to contro
The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.A separate lawsuit filed in UK courts last year also accused Google of overcharging for online advertising.
Shareholders will be ecstatic, with their stake up 26% over the past week following Powell Industries, Inc. 's...
Residential solar companies face bankruptcies, soft first-quarter sales, and shrinking demand after federal tax credit changes.
Investors focus on software fix and Roadster
The telecom company said the reductions affect employees across the U.S., with the largest concentration at its New Jersey headquarters
Investing.com -- Broadcom (NASDAQ:AVGO) shares fell 4% Thursday afternoon following a report that its AI chip deal with OpenAI has encountered an $18 billion financing obstacle.
US job cuts increased in April to the third-highest total for the month since 2009 as technology com
Goldman Sachs clearly isn’t sitting on the sidelines when it comes to Advanced Micro Devices (AMD) stock, given its eye-popping price target reset following earnings. The bank bumped its rating on the chipmaker to Buy from Neutral and raised its price target to $450 from $240 (a stunning 88% ...
Malone's lawyers argue the perfumer has every right to use her own name, and wonder why the Estée Lauder Cos. has filed suit now, 14 years after the founding of Jo Loves, and seven years after the first fragrance collaboration with Zara.
Chinese rivals move faster into global markets
All 11 S&P 500 sectors finished lower Thursday, the first time that has happened since March 18