Published 59 minutes ago Market Rally Anticipated to Broaden in 2024, States Equity Strategist The equity strategist at Citi, Scott Chronert, predicts that the stock market rally will widen in 2024 as more sectors present strong earnings trends, shifting away from the current mega-cap growth leadership. “We’re expecting a broader market pattern due to an …
“Buy-now, pay-later” pioneer Klarna is set on achieving profitability by the summer of 2023. Klarna’s efforts to reduce costs have resulted in a 67% decrease in losses during the first half of 2023. The company’s net operating income for the period reached 9.2 billion Swedish krona ($843.5 million), a 21% YoY increase. However, Klarna still …
Marvell Technology Group Source: marvell.com Explore the companies making headlines before the market opens. Marvell Technology— Despite beating Wall Street’s expectations for the recent quarter, shares of Marvell Technology fell over 3% in pre-market trading. Marvell reported earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had …
At the Westfield San Francisco Centre in San Francisco, shoppers casually stroll by a Nordstrom sign on May 11, 2023. Nordstrom, the department store retailer, experienced a decline in stock prices by 7.73% despite surpassing expectations for their fiscal second-quarter earnings and revenue. Their earnings were 40 cents higher than the predicted 44 cents by …
Affirm Holdings Inc., the buy now, pay later firm, experienced a significant surge in its stock price, with a 26% increase in early trading on Friday. This surge came after the company reported better-than-expected fiscal fourth-quarter results and provided optimistic guidance for the first quarter. Here’s a breakdown of how Affirm performed: – Loss per …
Discover the latest news from leading companies in after-hours trading on Thursday. March 15, 2023 – Customers walking through a shopping mall along the Magnificent Mile in Chicago. Scott Olson | Getty Images Affirm Holdings – The stock rose by 10.8% after surpassing expectations with its quarterly results. Affirm reported a loss of 69 cents …
Car-sharing service Turo, social media platform Reddit, and grocery delivery service Instacart have all submitted IPO filings, but none have gone public yet. Despite a strong rebound in tech stocks and a pipeline of companies waiting to go public, the IPO market has been relatively quiet. The lack of notable venture-backed tech IPOs since December …