Earnings

MongoDB, a prominent database software maker, experienced a significant increase in its shares by as much as 16% during after-hours trading following the release of its fiscal second-quarter financial results. The company exceeded expectations on both fronts, with adjusted earnings per share at 70 cents compared to the anticipated 49 cents, and revenue reaching $478.1
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Salesforce recently reported its fiscal second-quarter results, which exceeded expectations and led to a 4% increase in its share price in extended trading. The company’s earnings per share came in at $2.56 adjusted, surpassing the estimated $2.36, while revenue reached $9.33 billion, outperforming the expected $9.23 billion. This positive performance was attributed to various factors
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The fast-casual restaurant brand, Cava Group, experienced a notable increase in its share price by nearly 6% in after-hours trading following its latest earnings report. The company reported a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue also exceeded expectations. Contrary to Cava Group’s success, shares of
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Danish biotech company Bavarian Nordic experienced a notable 13% increase in its shares after reporting earnings that surpassed expectations and securing a substantial vaccine order from a European country in response to the mpox outbreak. The company revealed second quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million
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After Palo Alto Networks posted better-than-expected fiscal 2024 fourth-quarter earnings and revenue, Wall Street responded with an enthusiastic 8% surge in the company’s stock price. This brought the stock just a few dollars shy of its record-high close, prompting Jim Cramer to describe the recent move as “parabolic.” While the short-term outlook may seem promising,
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