Abbo News

Abbo News

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  • Snap (NYSE: SNAP) Stock Tumbles After Company Withdraws Q2 Guidance  - ABBO News

    3 days ago | abbonews.com | Davit Kirakosyan

    Snap Inc. (NYSE: SNAP) reported better-than-expected first-quarter results but saw its shares plunge over 14% in pre-market trading after the company opted not to issue financial guidance for the second quarter, citing macroeconomic headwinds and growing uncertainty around advertising demand. The company posted a first-quarter loss of $0.08 per share, beating analyst estimates of a $0.13 loss. Revenue totaled $1.36 billion, slightly ahead of consensus expectations of $1.35 billion.

  • Starbucks Misses Q2 Estimates as Consumer Weakness Hits Sales and Margins; Shares Tumble

    3 days ago | abbonews.com | Davit Kirakosyan

    Starbucks (NASDAQ: SBUX) posted weaker-than-expected second-quarter results on Tuesday, as softening consumer demand weighed on both sales and profitability. Shares slipped about 7% in pre-market trading following the release. For the quarter, the coffee giant posted adjusted earnings per share (EPS) of $0.41, missing the consensus estimate of $0.48. Revenue for the period totaled $8.76 billion, also below analyst expectations of $8.89 billion.

  • NXP Semiconductors Beats Q1 Estimates, but Shares Tumble on Market Caution and CEO Transition

    4 days ago | abbonews.com | Davit Kirakosyan

    NXP Semiconductors (NASDAQ: NXPI) reported first-quarter results that slightly exceeded Wall Street expectations, but shares fell more than 8% in pre-market trading following a cautious outlook and news of an upcoming CEO transition. Adjusted earnings per share stood at $2.64 for the quarter, topping analyst estimates of $2.60. Revenue came in at $2.84 billion, just ahead of the $2.83 billion consensus forecast.

  • F5 Networks (NASDAQ: FFIV) Tops Q2 Estimates, Issues Tepid Q3 Guidance

    4 days ago | abbonews.com | Davit Kirakosyan

    F5 Networks (NASDAQ: FFIV) posted stronger-than-expected results for its fiscal second quarter, but a more cautious forecast for the third quarter limited investor excitement. The stock rose more than 1% in after-hours trading following the announcement. For the quarter, adjusted earnings per share came in at $3.42, comfortably ahead of the $3.10 analyst consensus.

  • Toyota Motor (NYSE: TM) Stock Surges Amid Reports of Potential Toyota Industries Buyout

    5 days ago | abbonews.com | Salman Akhtar

    Toyota Motor (NYSE: TM) shares climbed higher in pre-market trading Monday after the automaker confirmed it is considering a potential acquisition of its key parts supplier, Toyota Industries Corp. According to a Bloomberg News report published Friday, Toyota Chairman Akio Toyoda has proposed acquiring Toyota Industries in a transaction valued at around 6 trillion yen ($42 billion), aiming to strengthen his control over Japan’s largest business conglomerate.

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