Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle maker reported a narrower loss for the quarter and kept intact its guidance for the year.
Earnings Results: Affirm stock sinks as loss more than triples, bank stress and rising rates spark concerns
Buy-now, pay-later service Affirm Holdings saw losses more than triple in its most recent quarter, but still beat Wall Street’s expectations across the board.
Earnings Results: Twilio’s stock tumbles 15% on weaker-than-expected revenue guidance
Twilio forecast $980 million to $990 million in second-quarter sales. Analysts polled by FactSet are forecasting $1.05 billion. The company did beat on revenue and earnings forecasts for its first quarter.
: Warner Music’s stock heads for worst drop on record, but CEO hopes Ed Sheeran can help turn things around
Shares of Warner Music Group were headed for their worst day on record Tuesday after the recording and publishing company reported that earnings dove.
The Tell: Stocks may be about to lose the secret to their success in 2023
Highflying U.S. stocks could be headed for an uncomfortable descent as the wash of central-bank liquidity that has given equity markets a boost this year begins to ebb, according to one longtime Wall Street strategist.
The Ratings Game: Shopify stock looks ‘relatively expensive’ after strong rally, analyst says in downgrade
Shopify shares have rallied 36% since the company announced it would be selling its logistics unit last week, and an analyst now sees them as “expensive.”
: AMC Networks’s stock jumps on Q1 results, boosted by streaming strength
AMC Networks’s bonds are being traded heavily on Monday, according to data solutions company BondCliQ.
The Ratings Game: Apple and Android smartphone sales are weak, but another stock is paying the price
Skyworks stock falls as analysts parse how much weak Android and Apple smartphone sales figure into the wireless chip maker’s forecast.
: Under Armour’s new CEO says women will be a key target customer
Stephanie Linnartz tells analysts the athletic apparel and footwear maker will strive to resonate better with women.
Market Extra: What happens to the dollar if U.S. debt ceiling isn’t raised?
Time is running out for lawmakers to forge an agreement on the U.S. debt ceiling, with chance of a possible government default likely to impact the U.S. dollar.
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