Articles by James Calloway
Trade Desk Shares Slide 4.4% on 15% Job Cuts; Cost Savings Unclear
Trade Desk shares dropped 4.4% after announcing 15% job cuts. Restructuring charges estimated at $39M-$51M, but the company did not disclose expected annual savings.
Lululemon's Tariff Refund Masks Underlying Margin Decline
Lululemon shares fell 17.4% after a tariff refund masked a 360-basis-point gross margin drop. Q3 guidance trails estimates, pressuring the new CEO.
PayPal Slides 3.3% as India Job Cuts Spotlight $400M Savings Drive
PayPal shares dropped 3.3% after confirming 220 India job cuts, part of a $400M savings initiative. The stock closed at $54.96, 9.2% below the abandoned takeover bid.
Grindr's $35.2M UK Settlement: A Cash Flow Squeeze or Manageable Cost?
Grindr's $35.2M UK settlement consumes nearly all of its Q2 free cash flow, raising questions about future buybacks and liquidity.
Micron Surges 6% to $1,016 on Bullish $1,325 Target
Micron shares jumped 6% to $1,016.59 after a $1,325 price target from Lynx Equity Research. The chipmaker's aggressive Q4 guidance of $50B revenue and 86% gross margin will be tested on September 30.
Asana Stock Tumbles 13% as AI Costs Bite Into Margins
Asana shares plunged 13% despite an earnings beat, as the company's AI push adds 150 basis points of margin pressure. Revenue guidance was in line, but AI costs weighed on the stock.
Astera Labs Soars 11% as Scorpio Ramp Tests Investor Confidence
Astera Labs (ALAB) surged 11% to $313.84, but Q3 guidance requires 40% sequential revenue growth. Scorpio ramp and customer concentration are key risks.
Tesla Shares Tumble as Federal Audit Casts Doubt on Cybercab Rollout
Tesla shares dropped 6.5% as NHTSA audits Cybercab self-certification, erasing Thursday's rally. The audit could slow the robotaxi's path to commercial scale.
UiPath Shares Plunge 17% as ARR Growth Target Slows
UiPath (PATH) shares dropped 17% after Q2 results, as the company's full-year ARR guidance implies a significantly faster growth pace in the second half.
Concrete Pumping Rallies 19% on Dividend Debut and Upbeat Forecast
Concrete Pumping Holdings (BBCP) surged 19% after unveiling its first dividend and lifting its outlook, though the payout will consume over half of forecast free cash flow.