IonQ Delivers Strongest Quarter Ever as Revenue Nearly Quadruples
IonQ reported record Q2 revenue of $80.1 million (up 287% YoY), beating forecasts. The quantum firm raised full-year guidance to $280–290M.
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Duolingo’s Strong User Growth Overshadowed by Soft Revenue Outlook
Duolingo’s daily users jumped 23% to 58.7M in Q2, but soft Q3 revenue guidance of $302M missed estimates and sent shares down over 11%.
AppLovin Q2 Results: Solid Numbers, Soft Guidance, Sharp Sell-Off
Revenue rose 53% to $1.92B with solid profits, but a slight miss and soft Q3 guidance sparked the sell-off.
Sell-the-News Hit: SNDK and WDC Drop After Strong Beats and Solid Guidance
Sandisk and Western Digital beat Q4 estimates but shares dropped after-hours on profit-taking and guidance that fell short of ultra-bullish forecasts.
Crocs’ Ghost Office in Malta: The New Way U.S. Companies Dodge Taxes
Crocs claims all global profits from a two-person Malta office, saving $218.6 million in 2023 taxes; shares slide after report.
Starboard Value Takes Major Stake in Shake Shack as Q2 Sales Rise but Profits Slip
Shake Shack reports 17% revenue growth and 3.5% same-store sales, but profits slip as Starboard Value builds a major position.