Autodesk (ADSK) investors have been anxiously awaiting an update since April 1 of this year after the company became aware of potential discrepancies in its free cash flow and non-GAAP operating margin practices. This led to the delay of its 10-K for fiscal year 2023 pending a full investigation into the issue, resulting in [...]
Salesforce.com (CRM) is at risk of taking on its biggest single-day loss since August of 2008 today. The company’s Q1 earnings sent shares down more than 20% Thursday morning as the software industry continues to get battered and bruised. Fiscal first-quarter revenue came in at $9.13 billion, which was slightly below the FactSet consensus [...]
Intuit (INTU) posted third-quarter results yesterday in which the company narrowly beat the analyst estimate on both the top and bottom lines. The company even raised its full-year guidance. But, the stock is down 8% as a result. Intuit is primarily known for its array of tax assistance products - Credit Karma as a [...]
Uber (UBER) reported first-quarter earnings alongside second-quarter guidance Wednesday that sent shares down 8%. To make matters worse, the company’s primary competitor, Lyft, delivered an earnings beat yesterday with optimistic guidance for the quarter ahead. The first quarter saw a solid increase in revenue to $10.13 billion, a 15% gain year over year. This [...]
SoundHound AI (SOUN) was up more than 292% leading into its Q4 earnings day Thursday. Anticipation was high, as is the case for any AI company these days. The conversational AI company did not deliver, though. Shares have taken a step back in Friday’s trading session. SOUN fell as much as 24% but has [...]
Shopify Inc. (SHOP) shared fourth-quarter earnings that exceeded analyst expectations, and yet, the stock is down more than 10% so far in Tuesday morning’s trading session. It’s the outlook for expenses that has investors and analysts concerned. The e-commerce platform provider posted a net income of $657 million for Q4, a dramatic turnaround from [...]
Monday.com (MNDY) started the week with a bang, reporting Q4 earnings that managed to beat the FactSet consensus on the top and bottom lines. But, shares are down more than 9% this morning. The project management software grew revenue by 35% to $202.6 million, well above the FactSet consensus of $198 million. Net operating [...]
DocuSign (DOCU) reported strong third-quarter earnings yesterday that sent shares 3% higher in Friday morning’s trading session. The stock has now rallied more than 8% in the past week. Revenue for the quarter climbed 9% YoY to $700.4 million, well above the Wall Street consensus of $690 million. DocuSign also outperformed the analyst consensus [...]
Salesforce (CRM) delivered impressive third quarter earnings along with an upbeat profit forecast for the remainder of the year, sending shares 9% higher Thursday morning. They’ve since settled around 6%. The company saw earnings improve 51% year over year to $2.11 per share, narrowly beating the consensus of $2.06 per share. Revenue grew as [...]
Friday morning was a rude awakening for shareholders of the Trade Desk (TTD), which fell more than 18% after delivering third-quarter earnings Thursday evening. Despite exceeding analysts’ forecasts, the stock is down on concerns of a weak ad environment going into the biggest quarter of the year. The digital ad platform reported revenue of [...]
