Wayfair stock jumps 30% as retailer posts strongest U.S. growth since 2020
Wayfair’s stock surged 30% after reporting its strongest U.S. growth since 2020, with second-quarter sales reaching $3.1 billion and free cash flow hitting $301 million.
Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs
Pfizer beat second-quarter estimates and raised its low-end revenue guidance to $60.5 billion to $62.5 billion, driven by strong sales of Eliquis and other non-Covid drugs.
Pinterest shares fall on lukewarm sales guidance
Pinterest shares declined 7% after reporting better-than-expected earnings and revenue but providing conservative guidance for the upcoming quarter.
AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
AMD reported second-quarter revenue growth of 50% to $7.69 billion, with data center sales doubling to $6.7 billion, but the stock declined in extended trading despite beating expectations.
Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump
Berkshire Hathaway shares closed nearly 1% lower Monday despite CEO Greg Abel’s strong first annual meeting performance and the conglomerate’s 18% operating earnings jump.
Retailer Reformation closes flat in NYSE debut as CEO says company is ‘ready to scale’
Women’s clothing retailer Reformation priced its IPO at $15 and began trading on the New York Stock Exchange on Thursday, closing essentially flat after raising $210.9 million.