Roku Inc missed third-quarter estimates for its high margin video streaming platform and forecast a net loss for the holiday quarter, sending its shares down 10 percent in extended trading on Wednesday.
Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for equities.
Shares of cannabis companies rose on Wednesday as results from the previous day’s U.S. elections pointed to more favorable political conditions for the cannabis industry.
Qualcomm Inc forecast current-quarter revenue below analysts’ estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc , sending its shares down 2.5 percent.
Investors hope the split between Republicans and Democrats controlling the U.S. Congress will open up opportunities to pick new winners and losers because some government policies will be harder to predict.
Qualcomm Inc beat analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by demand from Chinese smartphone makers targeting emerging markets and a newer licensing model for its wireless technology that has soothed relations with some big customers.
NEW YORK (LPC) – Elon Musk’s rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet, two sources said.
Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar.
U.S. stocks ended more than 2 percent higher on Wednesday with broad gains led by the technology and healthcare sectors as investors, relieved to have midterm elections behind them, made bets that a divided Congress would be good for equities.
Automakers in Brazil last month notched their strongest sales in nearly four years, a leading trade group said on Wednesday, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show.
Samsung Electronics Co Ltd unveiled its much-anticipated foldable phone at a conference for developers in San Francisco on Wednesday, urging Android programmers to start writing apps for the product.
U.S. stocks surged on Wednesday with broad gains led by the technology and healthcare sectors as investors, relieved to put midterm elections behind them, made bets that a divided Congress would be good for equities.
Shares of cloud software sellers surged on Wednesday following quarterly reports and forecasts from Tableau Software, New Relic, Twilio and Rapid7 that added to Wall Street’s high expectations for the fast-expanding sector.
Samsung Electronics Co Ltd unveiled its much-anticipated foldable phone to developers in San Francisco on Wednesday, urging Android programmers to start writing apps for the product, which does not yet have a launch date.
U.S. President Donald Trump said he would consider working with Democrats to regulate social media companies, after he and other conservatives accused companies such as Twitter Inc, Facebook Inc and Alphabet Inc’s Google of allegedly stifling right wing views.
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