Carvana Stock Crashes – Strong Profits Still Not Good Enough for Wall Street
Online used-car giant Carvana misses profit forecasts due to higher costs, sending shares plunging 21% after hours despite record sales and revenue growth.
Online used-car giant Carvana misses profit forecasts due to higher costs, sending shares plunging 21% after hours despite record sales and revenue growth.
DoorDash had a great Q4 (more orders, more revenue), but Q1 profits will be lower than expected due to costs from buying Deliveroo, winter storms, and higher driver pay. Long-term, they're building one global platform.
Snap's direct revenue (like Snapchat+ subscriptions) reaches $1 billion annualized run rate with over 25 million subscribers, showing strong growth beyond ads in a tough social media market.
Activist investor Nelson Peltz says Wendy's stock is undervalued in a new SEC filing, sparking a big price surge. His firm eyes big moves like a possible buyout as the chain faces sales challenges.
Madison Square Garden Sports is exploring a spin-off to split the New York Knicks and New York Rangers into two independent public companies.
Western Digital is selling about $3.1 billion worth of Sandisk shares at a discount to reduce debt before a tax deadline.