Roku inventory plummets to report drop after ‘horrible’ earnings

Shares of Roku Inc. fell to a record drop on Friday after the streaming company admitted a “significant drop” in ad spend helped push it to weaker-than-expected results and could linger beyond the near quarter. best. ‚ÄúConsumers have begun to curtail discretionary spending and advertisers have dramatically cut spending in the ad-distributed (TV ads purchased … Read more

Amazon shares rise 14% as gross sales beat and AWS progress surpasses second consecutive quarter loss

Amazon.com Inc. decided to cut back after years of pouring money into growth and resulting in a second straight quarter loss, but a sales beat and continued strong growth from Amazon Web Services helped propel Stocks edged higher in after-hours trading Thursday. Amazon AMZN, + 1.08% reported a second-quarter loss of $2 billion, or 20 … Read more

Roku Warning About Hassle within the Promoting Market. Shares are falling.

Font size Sales fell in Roku’s online music player business. Justin Sullivan / Getty Images Five is the latest victim of a slowing advertising market. Shares of the tethered TV company fell after the streaming company warned investors that slowing advertising and consumer spending would hurt sales. Five (ticker: ROKU) reported a second-quarter net loss … Read more

Kraft Heinz earnings beat forecasts. Why are shares falling?

Font size Kraft Heinz posted adjusted earnings for the second quarter, beating Wall Street expectations. Alex Wong / Getty Images Kraft Heinz announced earnings that beat analysts’ expectations and raised its full-year forecast for organic net sales, but the stock still fell on narrow margins. Kraft (ticker: KHC) reported second-quarter adjusted earnings of 70 cents … Read more

Why is the inventory market down as we speak? Dow Drops, Walmart Tanks, Loom Different Revenue

Font size Concerns about inflation and recession have weighed on investors. Ed Jones/AFP via Getty Images The stock market fell on Tuesday after Walmart warns that inflation will eat into its earnings as consumers’ spending habits change. By noon, Dow Jones Industrial Average fell 214 points, or 0.7%, while S&P 500 fell 1.2% and Nasdaq … Read more

‘Stray’ – the online game the place you play as a cat – is disrupting the Web

The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more

‘Stray’ – the online game the place you play as a cat – is disrupting the Web

The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more