DEXWireNews

DEXWireNews

Moderna Inc. (NASDAQ: NASDAQ:MRNA ) experienced a significant drop in its stock price, plummeting over 20%, following the announcement of reduced full-year sales guidance. The biotech company, renowned for its mRNA technology, reported second-quarter earnings that exceeded Wall Street expectations but highlighted several challenges that led to the downward...

DEXWireNews

Crocs Inc. (NASDAQ: NASDAQ:CROX ) experienced a notable decline in its stock price on Thursday, shedding about 5% despite reporting second-quarter earnings that exceeded Wall Street expectations. The footwear giant, renowned for its innovative casual footwear, warned of a potential dip in profits for the upcoming quarter, casting a shadow over its robust Q2...

DEXWireNews

Shares of Arm Holdings plc ( NASDAQ:ARM ) plummeted in premarket trading on Thursday, shedding nearly 14% despite reporting better-than-expected fiscal first-quarter results. The British chipmaker's stock faced a sharp decline following the release of its quarterly results after the market closed on Wednesday. Solid Earnings Overshadowed by Royalty Revenue...

DEXWireNews

Shares of Pinterest Inc. ( NYSE:PINS ) took a steep dive in early trading on Wednesday, plummeting nearly 14%. This sharp decline occurred despite the company reporting second-quarter results that surpassed expectations. The market’s reaction underscores investor concerns about the sustainability of Pinterest's growth trajectory, particularly in light of tougher...

DEXWireNews

Overview Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD ) saw its shares soar over 9% in premarket trading on Wednesday, following an impressive second-quarter earnings report that exceeded expectations. The strong performance has also positively impacted rival Nvidia (NASDAQ: NVDA), which experienced a rise in its stock price. Here’s a detailed look at what’s...

DEXWireNews

Overview Dow Jones aerospace giant Boeing (NYSE: NYSE:BA ) experienced an unexpected stock rise after appointing a new CEO, despite missing estimates for its second-quarter results. Here’s a comprehensive analysis of Boeing’s recent performance, the challenges it faces, and what the future holds under its new leadership. Q2 Earnings Report: A Disappointing...

DEXWireNews

Cryptocurrency company Coinbase (NASDAQ: NASDAQ:COIN ) is set to report its Q2 earnings tomorrow after the bell. As one of the leading platforms for buying, selling, and managing cryptocurrency, Coinbase's performance is closely watched by investors and analysts alike. Here’s a detailed look at what to anticipate from the upcoming report. Recent Performance In...

DEXWireNews

KEY TAKEAWAYS: - Merck & Co. revised its full-year adjusted EPS projection to $7.94-$8.04, down from $8.53-$8.65. - Second-quarter sales of its flagship drug, Keytruda, rose 16% year-over-year. - The company beat Q2 expectations on both revenue and profit metrics. Shares of Merck & Co. ( NYSE:MRK ) plummeted on Tuesday after the pharmaceutical giant slashed its...

DEXWireNews

Howmet Aerospace's stock soared early Tuesday, breaking out as the company reported strong earnings, optimistic guidance, and significant hikes to its dividend and buyback program. The Boeing supplier, known for its engine components and metal parts, posted a 52% increase in earnings to 67 cents per share on an adjusted basis, surpassing FactSet's estimate of 60...

DEXWireNews

PayPal Holdings (PYPL) has reported impressive second-quarter results, with earnings and revenue surpassing analyst expectations. The digital payments giant’s robust performance has led to a positive market response, with its stock climbing over 7% following the announcement. Here’s an in-depth look at PayPal’s Q2 achievements, strategic moves, and future...

DEXWireNews

The Shiba Inu coin (SHIB), often referred to as a meme cryptocurrency, has captured significant attention in the crypto community with a dramatic increase in its burn rate. The recent surge of over 7300% in SHIB's burn rate has sparked optimism and speculation about a possible price rally. Burn Rate Skyrockets According to Shibburn, the burn rate for Shiba Inu (...

DEXWireNews

Welltower (NYSE: NYSE:WELL ) has announced the appointment of Andrew Gundlach to its Board of Directors, marking a significant enhancement to the company's leadership team. Gundlach, an experienced investment advisor and strategist, brings nearly 30 years of expertise in public and private markets, corporate strategy, and capital markets. This strategic move is...

DEXWireNews

Telix Pharmaceuticals Limited (ASX: TLX) has announced a significant development in its journey towards transforming brain cancer diagnostics. The company has opened an Expanded Access Program (EAP) in the United States for TLX101-CDx (Pixclara™1, 18F-floretyrosine or 18F-FET), an investigational PET agent for imaging progressive or recurrent glioma. This move...

DEXWireNews

Eli Lilly & Co. (NYSE: NYSE:LLY ) has been a standout performer in the stock market this year, with its stock price surging by around 50%, far outperforming the S&P 500’s 15% rise. This impressive performance has brought the stock to trade at 63 times its projected 2024 earnings of $13.75 per share. This raises a critical question for investors: Is Eli Lilly's...

DEXWireNews

Intuitive Surgical is set to release its Quarterly 2024 results, highlighting its significant impact on the healthcare industry. The company's innovative robotic systems have transformed surgery, leading to a remarkable 22,000% increase in stock price over its lifetime. Now an industry giant with a market capitalization of $161 billion, questions about Intuitive...

DEXWireNews

McDonald's second-quarter earnings report fell short of analysts' expectations as higher prices contributed to a decline in foot traffic and comparable store sales. Despite efforts to boost sales with promotions like the "$5 Meal Deal," the fast food giant faced challenges in maintaining revenue and profitability. Key Takeaways: - Revenue and Profits: McDonald's...

DEXWireNews

In a landmark event for the cryptocurrency market, the launch of the spot Ethereum ETF in the United States has brought in a staggering $2.2 billion in inflows, as reported by CoinShares . This surge marks the highest weekly inflow since December 2020, highlighting a renewed interest and confidence in Ethereum and the broader crypto ecosystem. Unpacking the...

DEXWireNews

CrowdStrike Holdings Inc., ( NASDAQ:CRWD ) a giant in the cybersecurity industry, recently faced one of the most significant technological crises in history. The incident, which caused substantial financial losses for its customers, has raised important questions about liability, resilience, and the future of cybersecurity. The Incident: A Global Technology...