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DoorDash lost 6 cents per share on $2.51 billion in revenue. Analysts surveyed by LSEG were expecting a loss of 4 cents per share on $2.45 billion in revenue. Carvana reported $3.06 billion in revenue, well above the consensus forecast of $2.67 billion from analysts surveyed by LSEG. The company told investors to anticipate between $2.49 billion and $2.54 billion in revenue, while analysts polled by LSEG forecast $2.56 billion. Revenue topped the average analysts' estimate.
Persons: DoorDash, LSEG, Carvana, Freshworks, FactSet, Etsy, Schrodinger, Qorvo, Robinson, Jesse Pound, Tanaya Macheel, Darla Mercado, Scott Schnipper Organizations: LSEG, eBay, Qualcomm, FactSet . Revenue, Revenue Locations: California, FactSet
Goldman Sachs partner Brian Robinson at 200 West Street. The sign that Goldman Sachs partner Brian Robinson created. Robinson's mission to revamp leadership — from his high C's to neon sign creations — appears to be rubbing off on clients and colleagues alike. He is currently making one for a Goldman partner with a fifth-floor office who asked for a customized sign to hang in that workspace, he said. The goal, he said, is for the signs to stand on the walls of Goldman Sachs "for years and decades to come."
Persons: Goldman Sachs, Brian Robinson, Goldman, Robinson, It's, Robinson —, David Solomon, John Waldron, Robinson's, , He's, he's, Carlyle Organizations: Service, Wall Street, Business, Wall, Deutsche Bank Locations: Americas, Manhattan, London, New York
Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.
Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, , Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta
Cameco — Shares rose more than 5% after Goldman Sachs initiated coverage of the uranium producer with a buy rating, saying there is more than 25% upside. Microsoft — Microsoft shares rose 0.7% following a report from The Information, citing unnamed sources, saying Microsoft and OpenAI are planning a $100 billion data center project. Super Micro Computer shares rose 2.5%. Universal Health Services — Shares fell after Universal Health Services said in a regulatory filing its subsidiary Pavilion Behavioral Health was ordered to pay $60 million in compensatory damages and $475 million in punitive damages. MicroStrategy — Shares slipped more than 3% after Michael Saylor, executive chairman of MicroStrategy, sold nearly 4,000 shares of MicroStrategy stock last week, according to a regulatory filing .
Persons: Cameco, Goldman Sachs, Semtech, Robinson, Brandon Oglenski, Bill Holdings, Wells, Bill, Tesla, Tommy Bahama, Michael Saylor, InterDigital's, — CNBC's Brian Evans, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Micron Technology —, Bank of America, Microsoft, Western Digital, Micro Computer, Hunt Transport, C.H, Barclays, . Oxford Industries, Citi, Universal Health Services, Behavioral Health Locations: North America
The stock is trading at a low multiple compared to spending, the firm highlighted as a key catalyst for investors. Nextracker — Shares of the solar technology company jumped 17% on bullish analyst notes following its strong quarterly results and guidance increase. Wolfspeed guided for fiscal third-quarter revenue of $185 million to $215 million, below the $224 million, LSEG estimate. Robinson reported 50 cents per share in adjusted earnings, while analysts expected 81 cents per share, per LSEG. The company reported $9.44 billion in revenue, while analysts surveyed by LSEG were looking for $9.70 billion.
Persons: Christopher Danely, Morgan Stanley, Nextracker, Wolfspeed, TD Cowen, ChargePoint, C.H, Robinson, Merck, company's, , Alex Harring, Lisa Kailai Han, Tanaya Macheel, Jesse Pound, Michelle Fox Theobald Organizations: Qualcomm, Citi, General Motors, General, Barclays, Bank of America, Revenue, Merck, Japanese, Honeywell, LSEG, Norfolk Southern, Ancora Holdings, Wall Street Journal Locations: Norfolk Southern
Meanwhile, analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of 81 cents per share and $4.34 billion in revenue. Peloton — Shares fell more than 23% on the back of the company's bleak outlook for the current quarter and full-year sales. Peloton is forecasting sales to come in between $700 million and $725 million for the quarter. Analysts polled by LSEG expected revenue of $9.70 billion. Adjusted earnings per share came in at $2.10 versus the $1.66 expected from analysts polled by StreetAccount.
Persons: Robinson, Nextracker, Wolfspeed, MaxLinear, Qorvo, TD Cowen, Gabe Daoud Jr, — CNBC's Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball, Scott Schnipper Organizations: LSEG, , Honeywell, New York Community Bank, Regional Banking, Western Alliance, T Bank, Norfolk Southern, Ancora Holdings, Street Journal, Merck —, Merck, FactSet, StreetAccount, Revenue, Qualcomm, Citi
If you work in San Francisco, super commuting is the difference between living in a suburb or next to a vineyard. AdvertisementAdvertisementThe tech industry, which has embraced hybrid work more than other employers, is especially friendly to super commuters. Still, he notes, not all big cities will fare equally well in the age of super commuting. In its pre-pandemic analysis, the Census Bureau found that, on average, super commuters earned higher salaries than other commuters. For Callihan, who always dreamed of living in the big city, super commuting was a means to an end.
Persons: Lee Robinson's, Robinson, Uber, Robinson doesn't, He's, they're, Mitchell Moss, Moss, Carson Qing, Qing, Ivana Istochka, She's, Rick Bowmer, who's, Istochka, Lindsay Callihan, Callihan, Aki Ito Organizations: Hilton, New York University, Census Bureau, New Yorker, Amtrak Locations: America, Des Moines , Iowa, Denver, San Francisco, Iowa, Cleveland, Syracuse, New York, Los Angeles, Novato, Napa ., San Jose, Amity, Milan, Lisbon, Manhattan, Silicon, New York City, New, Manhattan —, Cary , North Carolina, North Carolina
North Carolina GOP Lt. Gov. The 2024 gubernatorial race could feature two major forces in North Carolina government — Democratic state Attorney General Josh Stein and Republican Lt. Gov. "I'm running for governor because we the people of North Carolina need someone who understands us," he told his supporters. Roy Cooper has been an institution in North Carolina Democratic politics. North Carolina State Treasurer Dale Folwell is already in the race, and former Rep. Mark Walker is expected to enter the contest soon.
Align Technology — The orthodontics company saw its shares rise 14% after its quarterly earnings and revenue beat analyst expectations. Align also said it will repurchase up to $1 billion of its common stock over the next three years. The company generated $9.19 billion of revenue, while analysts surveyed by Refinitiv were looking for $9.25 billion. Beauty — Shares for the cosmetics company jumped 1.67% after its fiscal third quarter revenue topped analysts' estimates. Refinitiv analysts had previously called for per-share earnings of 23 cents on revenue of $121.8 million.
Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Align Technology — Shares of the orthodontics company gained 14% after the company beat analysts' estimates in its latest quarter. e.l.f Beauty – The cosmetics company's shares leapt 11% after e.l.f Beauty exceeded analysts' estimates in its fiscal third quarter. That compares with analysts' estimates of $1.38 in per-share earnings on $5.68 billion in revenue.
Many Gen Z founders are creating better workplaces for themselves and their staff. They're placing a large emphasis on supporting their employees' mental health and wellness. The generation is "leading the way to so many dramatic transformations around how we as a society are addressing mental health," she said. Samantha SyboWhile the young generation has made waves in mental health, Gen Z founders aren't immune to the emotional damage that comes with promoting a business online. Gen Z employees expect this progress in the workplaceYan and his two cofounders launched Simplify in 2020 to help job seekers land roles.
A retired Kansas City, Kansas, police detective was indicted on federal counts that he and three other men conspired to hold women in “involuntary sexual servitude,” officials said Monday. The abuse alleged in the indictment unsealed Monday took place in Kansas City, Kansas, between 1996 and 1998, the U.S. Department of Justice said. Golubski faces up to life in prison on each of those six counts, according to prosecutors. Golubski was a detective with the Kansas City, Kansas, police department who had retired in 2010 after 35 years on the force. Kansas City, Kansas, is adjacent to the larger Kansas City, Missouri.
Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.
As the self-described "first non-engineer hire" to join Cryptovoxels, Robinson was brought on to fix these kinds of user nuisances. As part of the next rollout of features, Robinson tells me that Cryptovoxels will allow users to sell custom dances. According to Robinson, users can make money in other ways, like selling mini-game scripts and renting land for events like dances or NFT collection releases. For some reason, the Cryptovoxels world is also abundant with shrines, like the ancient Greece-inspired Frenetik Temple and the Jedi-themed Dark Junction. It's reminiscent of attending a presentation in the real world, except instead of pinning name tags to our shirts, they're superimposed over our heads in large white letters.
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