McDonald’s stock rises as earnings beat, U.S. restaurants show improvement
McDonald’s stock rose more than 6% after the fast-food chain reported quarterly earnings that beat expectations, despite U.S. same-store sales declining 0.2%.
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, significantly exceeding Wall Street expectations and prompting the company to raise its full-year guidance.
Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
Qualcomm shares fell 7% after the chipmaker reported better-than-expected quarterly earnings but provided a weaker-than-anticipated earnings forecast, citing memory shortages affecting smartphone demand.
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, though the company prioritized long-term growth over near-term revenue by expanding AI credit allocations to customers.
Nintendo Switch 2 sales plunge 41% as price hikes and memory crunch bite
Nintendo Switch 2 sales fell 41% in fiscal Q2 to 2.67 million units as price increases and memory supply constraints pressured demand, though the company maintained its annual sales forecast.
Rheinmetall shares plunge 16% after outlook cut as military contracts stall
Rheinmetall cut full-year guidance citing military contract delays and ammunition delivery setbacks, sending shares down 16.1% as the defense firm grapples with postponed weapons procurement programs.