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Atlassian Earnings Guidance Falls Short; TEAM Stock Falls

Atlassian earnings for its fiscal first quarter topped views, but the collaboration software maker gave weak earnings guidance for the current quarter. TEAM stock fell in extended trading. X Founded in Australia, Atlassian (TEAM) sells project-management and collaborative software for software developers and tech department engineering teams. Atlassian earnings rose 7% to 30 cents a […]

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Stocks Rebound, But Apple Tumbles On Earnings; Alphabet, Amazon, Facebook Also Report

The stock market rebounded Thursday, following Wednesday’s stock market rout. The Nasdaq composite advanced as much as 2.6% before cutting gains. Late Thursday, tech giants Alphabet, Amazon, Apple and Facebook reported their quarterly earnings results. Reactions were sharply mixed. X The Nasdaq outperformed with a 1.6% advance. The S&P 500 rallied 1.2%, while the Dow… […]

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Netflix Stock Jumps As Video Streamer Hikes U.S. Subscription Prices

Internet television network Netflix (NFLX) on Thursday raised prices for the standard and premium tiers of its subscription video-on-demand service in the U.S. Investors cheered the news, sending Netflix stock surging. X Wall Street bulls believe Netflix will be able to raise prices without suffering major subscriber losses. They claim Netflix’s service has been underpriced […]

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Spotify Beats Targets For New Subscribers In Q3, But Sales, Earnings Miss

Streaming music leader Spotify Technology (SPOT) added more subscribers than expected in the third quarter but came up short on sales and earnings. The Spotify earnings news pushed SPOT stock lower on Thursday. X The Stockholm-based company lost the equivalent of 68 cents a share on sales of $2.31 billion in the September quarter. Spotify […]

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Disney Stock Rallies As ‘Mandalorian’ Seen Giving Disney+ ‘Major Acceleration’

Season two of “The Mandalorian” premieres Friday, and Disney (DIS) is banking on its success to drive more subscribers to its year-old streaming service. Disney stock rose. X Disney+ has amassed more than 60.5 million subscribers in the less than one year that it has been available, thanks in large part to the success of […]

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Dow Jones Futures Fall As Apple Slides On China Sales Dive; Market Rally Still Under Pressure

Dow Jones futures fell solidly late Thursday, along with S&P 500 futures and Nasdaq futures, as Apple stock, Amazon.com, Facebook (FB), Google parent Alphabet (GOOGL) and Twitter (TWTR) headlined a huge night for earnings. X The stock market rally rebounded Thursday, recapturing some of Wednesday’s sharp losses, fueled by ServiceNow (NOW) and Pinterest (PINS) earnings, […]

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