Roblox Corp (NYSE:RBLX) shares surged more than 12% as the game creation platform’s second quarter bookings topped high Wall Street expectations.
The company reported a 51% year-over-year surge in bookings at $1.44 million, which was above estimates of $1.26 billion.
Arm Holdings PLC (NASDAQ:ARM) shares tumbled more than 12% as its second quarter profit outlook disappointed, drawing focus from in-line Q1 earnings.
For Q2, the processor designer projected earnings per share (EPS) between $0.29 and $0.37, at the midpoint below analyst expectations of $0.35.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) beat Wall Street expectations for revenue and earnings in its fiscal third quarter, driven by strong growth in its automotive and Internet of Things (IoT) segments, but issued a cautious outlook for the current quarter, sending shares down 4.6% on Thursday morning.
The chipmaker reported revenue of $10.37 billion for the quarter ended June 30, up 10% from a year earlier and above analysts’ average estimate of $10.33 billion, according to LSEG data. Adjusted earnings per share rose 19% to $2.77, also ahead of expectations of $2.72.
Carvana Co. (NYSE:CVNA) shares surged almost 20% as its second quarter results beat Wall Street estimates on the top and bottom lines.
The used car eCommerce platform posted revenue of $4.84 billion, up 42% year-over-year and ahead of estimates of $4.53 billion.
eBay Inc (NASDAQ:EBAY, ETR:EBA) shares surged 17% to around $90.40 on Thursday morning after the e-commerce company posted better-than-expected second-quarter results and issued an upbeat forecast for the current quarter, bolstered by solid demand across its US and international marketplaces.
The company reported revenue of $2.73 billion, topping analysts’ estimates of $2.64 billion and rising 6.1% from a year earlier. Adjusted earnings per share climbed 16% to $1.37, also beating expectations of $1.30.
Deutsche Bank has downgraded Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to 'hold' from 'buy', following a strong run in the shares driven by a rebound in iron ore prices.
The broker argues that, while Rio continues to deliver solidly and will soon welcome a new chief executive, much of the good news is already reflected in the share price.