Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Snowflake said Wednesday that CEO Frank Slootman is retiring, and will be replaced by Google ad chief Sridhar Ramaswamy. The shares plunged 20% in extended trading. Ramaswamy spent 15 years at Google, most recently leading Ads and Commerce until…
Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares slid 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the new fiscal year.…
In this photo illustration, a Beyond Meat produced, burger, meatball as well as a chicken nuggets lay on a table on November 21, 2022 in Miami, Florida. Joe Raedle | Getty Images Beyond Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the…
The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City on Jan. 21, 2021. Carlo Allegri | Reuters Hims & Hers Health, the online provider of treatments for erectile dysfunction and hair loss, had its best day on the stock market since its…
Pavlo Gonchar | Lightrocket | Getty Images Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. Here’s how the company did: Earnings per share: Loss of 66 cents. The results may not be comparable to the 46 cent loss predicted by analysts…
Eric Yuan, founder and chief executive officer of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom shares rose as much as 13% in extended trading on Monday after the…
Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out modest growth forecasts that will concern investors amid worries about global banks’ exposure to China. The bank reported 2023 statutory pre-tax profit rose to $5.09 billion, in line with forecasts, and announced a jump…
A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Grab posted its first-ever profitable quarter, raking in $11 million in profit, the Southeast Asian ride-hailing giant said…
Vietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened 3.4% from the previous three months but it aims to nearly triple vehicle sales this year as it expands into new markets. Nhac Nguyen | Afp | Getty Images Vietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened…
A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Used car retailer Carvana reported its first-ever profit as well as forecast core current-quarter profit “significantly above” $100 million on Thursday, helped in part by cutting costs and sending its shares surging…
