Marc Lore’s Wonder confidentially files for IPO
Food startup Wonder, founded by Marc Lore, has confidentially filed for an initial public offering and operates approximately 170 brick-and-mortar locations across the United States.
Eli Lilly hikes sales outlook, as CEO says there’s room for ‘dramatic’ obesity market expansion
Eli Lilly raised its full-year revenue guidance to $91-92 billion after third-quarter earnings and sales exceeded expectations, driven by strong demand for obesity and diabetes drugs Zepbound and Mounjaro.
Aramco’s profit rises as refining margins strengthen amid Iran war
Saudi Arabia’s Aramco reported a 9% rise in third-quarter adjusted net income to $31.2 billion, exceeding analyst expectations as refining margins strengthened amid geopolitical tensions.
E.l.f. Beauty posts 51% sales increase, raises full-year guidance
E.l.f. Beauty reported a 51% increase in net sales for its second fiscal quarter, surpassing Wall Street expectations and prompting the company to raise its full-year financial guidance.
Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
Qualcomm stock declined 7% in extended trading after the chipmaker issued a weaker-than-expected earnings forecast, despite quarterly results beating Wall Street estimates. Rising memory costs and smartphone demand challenges pressured the outlook.
Figma sinks after earnings beat as company prioritizes long-term growth with AI changes
Figma shares fell 7% after reporting third-quarter earnings that beat Wall Street expectations, as the company prioritizes long-term AI investments over near-term revenue gains.