Shares of Okta Inc. fell. In extended trading Wednesday after executives revealed that the software company is facing problems stemming from the integration of its $6.5 billion acquisition of Auth0. octa octa, + 0.26% Executives raised their annual earnings forecast again on Wednesday, but kept their full-year revenue target the same. “There are some short-term …
Shares of Okta Inc. fell. In extended trading Wednesday after executives revealed that the software company is facing problems stemming from the integration of its $6.5 billion acquisition of Auth0. octa octa, + 0.26% Executives raised their annual earnings forecast again on Wednesday, but kept their full-year revenue target the same. “There are some short-term …
Swedish payment provider Klarna logo. Thomas Truchel | Phototech | Getty Images Klarna on Wednesday reported a significant jump in losses in the first half, adding to a torrent of negative news about the “buy now, pay later” major. The Swedish payments company generated revenue of SEK 9.1 billion ($950 million) from January to the …
Klarna losses tripled after aggressive US expansion and mass layoffs Read More »
Swedish payment provider Klarna logo. Thomas Truchel | Phototech | Getty Images Klarna on Wednesday reported a significant jump in losses in the first half, adding to a torrent of negative news about the “buy now, pay later” major. The Swedish payments company generated revenue of SEK 9.1 billion ($950 million) from January to the …
Klarna losses tripled after aggressive US expansion and mass layoffs Read More »
Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected earnings and revenue for the fourth quarter of its business and raised its full-year forecast. Designer Brands added 1.8% at Premarket. Express (EXPR) — Shares of the apparel retailer fell 4.7% in premarket trading after …
A customer walks out of a Big Lots store in Clifton, New Jersey. Emile Wamsticker | Bloomberg | Getty Images Check out which companies are making the headlines in midday trading. Big Lots – Stocks jumped 7.8% after the discount retailer posted a smaller-than-expected loss for the last quarter. Revenue also beat expectations, and comparable-store …
Televisions are on sale at Best Buy in New York City. Andrew Kelly | Reuters Best Buy said Tuesday that sales fell about 13% in the fiscal second quarter, as the retailer felt a pullback from inflation-weary shoppers. The company reaffirmed the full-year guidance. The company had lowered its forecast in late July, saying it …
With stocks looking ready to try again for a post-Powell recovery, caution is in the air, with some big banks preaching. No doubt some may be looking to get a little bit more close to the road, as larger institutional traders are likely to return from the holidays to increase market size after the hard …
Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range of U.S. large-cap companies have been trimming forecasts due to a drop in repatriated profits that results from dollar strength. …
The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy. Read More »
Homes in Hercules, Calif. The Bay Area is seeing home-price growth stall. David Paul Morris/Bloomberg Text size In a matter of months, the pandemic’s red-hot housing market has chilled, recently entering what some economists have called a housing recession. The slowdown will contribute negatively to the economy but could present opportunities for some buyers who …
The Housing Market Is in Recession. What It Means for Home Buyers. Read More »