Markets

Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast

Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast
Markets

Shopify surges 12% after crushing 2nd-quarter revenue expectations

Shopify reported second-quarter earnings results Wednesday that beat Wall Street’s expectations for revenue, which surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. The Canadian e-commerce company has gained roughly 170% year-to-date. Watch Shopify trade live on Markets […]
Shopify surges 12% after crushing 2nd-quarter revenue expectations
Markets

Tesla tumbles 10% as its scorching-hot rally takes a breather

Tesla shed as much as 10% Friday, pulling back on a searing rally that saw shares hit multiple all-time highs in recent weeks. Most recently, the stock’s gains have been driven by a blockbuster second-quarter earnings report and optimism that it may soon be included in the S&P 500. Despite […]
Tesla tumbles 10% as its scorching-hot rally takes a breather
Markets

Stamps.com surges 63% on earnings report Wall Street didn’t see coming

Stamps.com surges 63% after reporting much stronger-than-expected earnings. Almost exactly one year ago, the stock had the opposite fortune, falling as much as 58% on news Stamps.com would end its multi-decade exclusive partnership with the US Postal Service. Visit Business Insider’s homepage for more stories. Stamps.com gained more than $US1 […]
Stamps.com surges 63% on earnings report Wall Street didn’t see coming