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Coinbase’s third-quarter adjusted net income surged 66% to $719 million, driven primarily by gains in its cryptocurrency investment portfolio as bitcoin prices recovered significantly.
ServiceNow shares fell 27% Thursday, marking their worst trading day on record, after third-quarter earnings disappointed and reignited concerns about AI disruption in the software sector.
Norwegian Cruise Line Holdings shares surged 13% after reporting third-quarter earnings that beat expectations and raising its full-year financial outlook.
Starbucks reported mixed quarterly results with U.S. same-store sales growth of 7.7% exceeding expectations, though international cafes underperformed and net revenue declined 4%.
Rivian beat third-quarter earnings expectations as R2 SUV deliveries ramped up, driving the stock up roughly 7% in afterhours trading and prompting improved full-year guidance.
Reddit shares dropped over 15% after the company reported beating earnings expectations but providing weak fourth-quarter sales guidance and announcing plans to require user login.
