News
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Snap reports upbeat revenue as holiday season fuels ad sales
Snap's active advertisers rise 28% in fourth quarter, boosting revenueSnapchat+ subscribers grow 71% to 24 million in the quarter ended December 31Snap's first-quarter revenue forecast excludes potential revenue from Perplexity integrationBy Jaspreet Singh Feb 4 (Reuters) - Snap SNAP.N be...Reuters
Wed, Feb 4
Nvidia Has More Than 85% of Its Portfolio Invested in 1 Artificial Intelligence (AI) Stock. Should You Follow Suit?
Key PointsNvidia has been working closely with this particular AI player.Nvidia, considering its knowledge of the AI market, may have what it takes to identify tomorrow’s AI winners.10 stocks we like better than CoreWeave › Nvidia (NASDAQ: NVDA) is a key player in the artificial intelligence (AI) ar...The Motley Fool
Wed, Feb 4
After-Hours Movers | Chip, Storage Shares Rally as Alphabet to Double Capital Spending. Broadcom up over 6%; SOXL, SanDisk, Applied Materials, Micron up over 3%; AMD up 2%
Chip, Storage shares rallied in after-hours trading. Broadcom up over 6%; SOXL, SanDisk, Applied Materials, Micron up over 3%; Credo, AMD, Lam Research up 2%.Alphabet said on Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Googl...Tiger News
Wed, Feb 4
Align Technology beats fourth-quarter results estimates on dental products demand
By Unnamalai L Feb 4 (Reuters) - Align Technology ALGN.O reported quarterly results above Wall Street expectations and forecast first-quarter revenue in line with estimates, driven by strong demand for its dental aligners.Shares of the company were up more than 10% in after-hours trading.Demand f...Reuters
Wed, Feb 4
After-Hours Movers | ARM Holdings Drops 10%; Snap Gains 1.5%; Symbotic, Tenable Rally about 10%; Align Technology Soars 11%
Shares of Arm Holdings fell about 10% on Wednesday as its licensing revenues slightly missed Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs.The company forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by dema...Tiger News
Wed, Feb 4
Arm Holdings falls after quarterly licensing revenue misses estimates
Shares of Arm Holdings O9Ty.F, ARM.O fall 8.7% to $95.79 after the bellARM's licensing revenue for Q3 comes in at $505 million, below estimates of $519.9 million, according to FactSetRevenue from royalties rises 27% to $737 million in Q3, above FactSet estimates of $707.9 millionReports total re...Reuters
Wed, Feb 4
Crown Castle plunges after co cuts workforce amid lower annual rental revenue outlook
Shares of wireless tower operator Crown Castle CCI.N down 7% at $79.89 after the bellCo reduces its tower and corporate workforce by around 20% and also forecast annual site rental revenue below estimatesExpects annual site rental revenue to be between $3.83 billion and $3.87 billion, below analysts...Reuters
Wed, Feb 4
O'Reilly forecasts 2026 profit below estimates as cost pressures mount
Feb 4 (Reuters) - O'Reilly Automotive ORLY.O forecast annual profit below Wall Street estimates on Wednesday, as rising costs were set to curb its earnings growth.Shares of the company were down 4% after the bell.The company said fourth-quarter costs were higher than expected because of rising h...Reuters
Wed, Feb 4
Crown Castle slashes 20% workforce, forecasts dour annual site rental revenue
Feb 4 (Reuters) - Wireless tower operator Crown Castle CCI.N said on Wednesday it would reduce its tower and corporate workforce by around 20% and also forecast annual site rental revenue below Wall Street expectations, sending its shares down over 7% in extended trading.The headcount reduction and ...Reuters
Wed, Feb 4
McKesson rises after raising annual profit forecast
Shares of U.S. drug distributor McKesson MCK.N up 2% at $837.96 after the bellMCK raises annual profit forecast, betting on strong growth in its oncology and specialty drug distribution businessesExpects annual adjusted EPS in the range of $38.80 to $39.20, compared to its previous outlook of $38.35...Reuters
Wed, Feb 4
AvalonBay forecasts full-year profit above estimates on new units, same‑store gains
Feb 4 (Reuters) - U.S.-based real estate investment trust AvalonBay Communities AVB.N forecast annual profit above Wall Street estimates on Wednesday, as support from newly completed apartments and modest same-store revenue growth helped offset rising operating costs.The company expects 2026 profit ...Reuters
Wed, Feb 4
Steris maintains annual profit forecast after slight quarterly revenue beat
Feb 4 (Reuters) - Steris STE.N maintained its annual profit forecast on Wednesday, after slightly beating estimates for third-quarter revenue on strength in its largest segment, which sells sterilization products.Shares of the medical equipment maker were down 3.6% in extended trading. Steris mainta...Reuters
Wed, Feb 4
Snap rises after quarterly revenue beat
Shares of social media firm Snap SNAP.N up 5% at $6.24 after the bellCo beats Q4 revenue estimates as more advertisers turned to the social media platform during the holiday seasonPosts Q4 revenue with a 10% rise YoY to $1.72 billion, exceeding analysts' estimate of $1.70 billion — data compile...Reuters
Wed, Feb 4
PTC forecasts quarterly revenue above estimates on strong software demand
Feb 4 (Reuters) - PTC PTC.O forecast second-quarter revenue above Wall Street expectations on Wednesday, betting on strong demand for its industrial software as companies gravitate towards artificial intelligence-driven technology to help manage large businesses.PTC has seen resilient demand for its...Reuters
Wed, Feb 4
GLOBAL MARKETS-Global stock index dips with tech slump while dollar rises, oil rallies
Global shares lag, technology stocks hit by AI-led disruptionDollar rises against yen and other currenciesOil rallies as traders focus on US-Iran tensionsUS Treasury yields mixedBy Sinéad Carew and Amanda Cooper NEW YORK/LONDON, Feb 4 (Reuters) - MSCI's global equities gauge lost ground on We...Reuters
Wed, Feb 4
TRADING DAY-Tech it to the limit
By Jamie McGeever ORLANDO, Florida, Feb 4 (Reuters) - U.S. stocks mostly fell on Wednesday, slammed by worries that the artificial intelligence revolution could pose an existential threat to businesses across many sectors, while oil rose sharply on reports that planned U.S.-Iran talks may col...Reuters
Wed, Feb 4
