Former President Donald Trump addressed speculation about selling his shares in Trump Media & Technology Group, saying he has no plans to sell and reiterates his love for Truth Social. The stock surged on the news, gaining 25%.
Results for: Shares
Rentokil Initial plc (RTO) shares took a significant hit on Wednesday after the company revised its guidance for the second half of FY24. The company expects North America organic revenue growth to be only around 1%, significantly lower than its previous prediction of 2-4%. This revised forecast is attributed to weaker-than-expected trading in July and August, along with integration challenges, and is anticipated to impact operating profit by £20 million.
Apple shares are declining in premarket trading after the European Union’s highest court upheld a 2016 decision requiring Ireland to recover billions in back taxes from Apple for receiving unlawful tax benefits. The court ruled that Apple’s exceptionally low tax rates in Ireland constituted an illegal subsidy.
Samsara Inc, a leading provider of Internet of Things (IoT) solutions, reported strong second-quarter financial results, exceeding analysts’ expectations on both revenue and earnings. The company’s revenue soared 37% year-over-year, driven by a significant increase in annual recurring revenue (ARR). This positive performance led to a surge in Samsara’s share price in after-hours trading.
Butterfly Network’s shares surged following the launch of its advanced handheld ultrasound device, Butterfly iQ3, in Europe. The device, already successful in the U.S. and Canada, boasts improved image quality, advanced 3D features, and ergonomic design, driving strong revenue growth for the company.
CrowdStrike Holdings, Inc. (CRWD) shares rose on Friday after the company announced that a senior associate will testify before Congress regarding the global IT outage in July. The hearing will focus on the measures CrowdStrike has implemented to prevent a similar incident from occurring again.
BioCardia Inc. (BCDA) shares experienced a significant decline of 12% on Friday after the company announced an upsized public offering. The offering involves the sale of 2.4 million shares of common stock or pre-funded warrants, accompanied by warrants to purchase an additional 2.4 million shares. The proceeds from the offering will be used to fund working capital, general corporate purposes, and advance BioCardia’s biotherapeutic initiatives.
Ubiquiti Inc. (UI) reported lower-than-expected fourth-quarter revenue, leading to a decline in its share price in pre-market trading. Despite increased revenue from the Enterprise Technology platform, the company faced a decline in Service Provider Technology revenue and higher shipping costs, resulting in a drop in gross profit margin. However, Ubiquiti exceeded adjusted earnings per share estimates and declared a quarterly dividend of $0.60.
Tesla shares are experiencing a decline today due to a combination of factors, including an NTSB investigation into a Tesla Semi truck crash and the delayed rollout of its Full Self-Driving (FSD) technology for the Cybertruck. This news comes as Tesla prepares to ramp up production of the Semi and further fuels concerns about the safety and reliability of its newer models.
While the world celebrated the extravagant wedding of Anant Ambani and Radhika Merchant, many wondered about the Ambani family’s wealth and who holds the largest stake in Reliance Industries. Surprisingly, it’s not Mukesh Ambani, but his mother, Kokilaben Ambani, who owns the largest share in the company.