BREAKING: Stocks slide as Congress control unclear, Disney dinged on earnings
Affirm Holdings Inc. on Tuesday reported a loss of $251.3 million in its fiscal first quarter.The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share.
The operator of digital commerce platform posted revenue of $361.6 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $360.7 million. For the current quarter ending in December, Affirm Holdings said it expects revenue in the range of $400 million to $420 million.Affirm Holdings shares have declined 84% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.64, a decrease of 90% in the last 12 months.Roblox logo on a banner, to celebrate the company's IPO, on the front facade of the New York Stock Exchange in New York, U.S., Mar. 10, 2021.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unlock the hidden magic aboard the 'Disney Wish,' Disney Cruise Line's newest shipEmbark on a tropical getaway aboard Disney's newest ship, 'Disney Wish' 🌴🚢 Disney is the parent company of ABC Localish.
Read more »
Meta Stock Price Jumps as Mark Zuckerberg Announces 11,000-Plus Job CutsShares of Facebook parent Meta Platforms rose premarket after founder Mark Zuckerberg said the social-media company would cut more than 11,000 jobs. _**Meta stock was recently up 4.6% at $100.
Read more »
What Cramer is watching Wednesday — Disney CEO must go, no Red wave, Meta job cutsU.S. stocks lower the day after the midterm election. Investors await results from too-close-to-call races.
Read more »
Disney posts wide earnings and sales miss to wrap up record year, stock falls 6%Disney reported quarterly net income of $162 million, or 9 cents a share, on sales of $20.15 billion, down from $18.53 billion a year ago. Despite record sales and the best revenue growth in more than 25 years, the miss on quarterly earnings hurt $DIS:
Read more »
Stock Market Today: Bitcoin Sells Off; Dow Futures DeclineCrypto losses deepened over fears that liquidity challenges at exchange FTX could spread. Bitcoin is near its lowest level in two years.
Read more »
5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Read more »