Earnings Results: Activision Blizzard stock drops on disappointing outlook
Activision Blizzard Inc. shares fell in the extended session Thursday after the videogame publisher's December-quarter outlook fell well short of Wall Street expectations.
Activision Blizzard Inc. shares fell in the extended session Thursday after the videogame publisher's December-quarter outlook fell well short of Wall Street expectations.
U.S. stocks booked modest gains on Thursday, taking back a chunk of Wednesday's rout, after a preliminary reading of the health of the U.S. economy showed a rebound in growth following the recession caused by the coronavirus pandemic.
Twitter Inc. added users and revenue in the third quarter, but its profit and daily active-user gains fell short of analyst expectations, sending its shares sharply lower in after-hours trading.
Google parent Alphabet Inc. shares surged in the extended session Thursday after the tech giant returned to rising ad sales and topped Wall Street estimates with a quarterly earnings report.
Starbucks Corp. beats Wall Street expectations for its fiscal fourth quarter and says that store closures, fewer customers, and other realities in the pandemic caused it to lose $1.2 billion in sales for the quarter.
A refresher on the home-sale gain exclusion tax break
Pinterest Inc. is seeing a boom in new users as shut-in DIYers looked for new home improvement projects during the pandemic, and its revenue benefitted from a boycott by many large advertisers of Facebook.
Marvell Technology Group Ltd. is nearing a deal to buy Inphi, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.