Articles by James Calloway
Affirm Stock Jumps 13% on Strong GMV, Upbeat Fiscal 2027 Outlook
Affirm (AFRM) jumped 12.9% premarket after Q4 GMV rose 36% to $14.1B, beating estimates. The company also guided fiscal 2027 GMV above $64B.
IREN Slides 5.8% as $684M Loss Clouds AI Cloud Pivot
IREN shares dropped 5.8% after a $684 million quarterly loss, as AI Cloud revenue surpassed Bitcoin mining for the first time, raising questions about its strategic pivot.
Rubrik Stock Dips 6.7% Despite Strong Q2 Results and Raised Guidance
Rubrik (RBRK) shares dropped 6.7% in premarket trading despite a 38% revenue surge and raised full-year guidance, as investors took profits after a recent rally.
Gap Stock Jumps 13.8% on Strong Brand Performance and Raised Guidance
Gap shares rallied 13.8% in premarket trading after the company beat earnings estimates, driven by a 10% surge in Gap brand comparable sales. Management raised its full-year EPS outlook.
Key Tronic Faces 21% Premarket Plunge Amid $10M Shipment Halt
Key Tronic shares fell 21% premarket as a liquidity crunch delayed $10M in shipments. Revenue grew 14% but net loss widened, with management citing financing constraints.
Dollar Tree Stock Drops on Weak Q3 Profit Forecast
Dollar Tree shares slid 3.9% after the retailer issued a disappointing Q3 earnings outlook, overshadowing a solid Q2 performance boosted by tariff refunds.
Dollar General Stock Rises on Traffic Gains, Raised Outlook
Dollar General shares climbed 2.5% after reporting stronger traffic and raising its full-year profit forecast, despite tariff-related gains boosting EPS.
Okta Stock Soars 28.6% on Strong Backlog Growth and Raised Guidance
Okta's stock surged 28.6% as cRPO growth accelerated to 14% and the company lifted its free cash flow outlook, reflecting strong demand for identity management.
Salesforce Soars 22.6% as AI Revenue Hits $3.9 Billion
Salesforce (CRM) surged 22.6% after AI and Data ARR hit $3.9 billion, up 210%, with revenue up 11% and free cash flow up 81%.
CrowdStrike Jumps 20% on Record ARR, Lifts Full-Year Guidance
CrowdStrike shares soared 20.5% as Q2 FY2027 ARR hit $5.84B, up 25%, and full-year revenue guidance was raised to $5.991B-$6.011B.
PagerDuty Stock Dips on 15% Job Cuts, Profit Outlook Raised
PagerDuty (PD) shares slipped 0.2% after hours as the company announced a 15% workforce reduction and raised its profit outlook, despite flat revenue growth.
Elastic Stock Soars 20% on Strong Q1 Earnings and Upbeat Guidance
Elastic (ESTC) shares surged nearly 20% after Q1 revenue beat expectations and guidance impressed, driven by AI-fueled demand for its search and observability tools.