Articles by James Calloway
DraftKings Surges as Railbird Exchange Certifies Sports Event Contracts with CFTC
DraftKings shares rose 5.3% to $25.07 after Railbird Exchange certified six sports event-contract templates with the CFTC, marking a key step into federally regulated prediction markets.
Salesforce Revenue Forecast Disappoints, AI Worries Resurface
Salesforce reported Q1 revenue above expectations, but Q2 guidance fell short, reigniting AI concerns. Shares edged lower.
UiPath Stock Holds Steady Ahead of Q1 Results; AI Agent Strategy Under Spotlight
UiPath shares edged lower Wednesday as investors await fiscal Q1 results. The AI automation firm faces tough competition but is betting on agentic AI to drive growth.
Dycom Industries Surges on Earnings Beat, Data Center Expansion
Dycom Industries shares surged 27% after beating Q1 earnings estimates, raising full-year guidance, and announcing a $275M acquisition to expand data-center infrastructure services.
Broadcom Faces Key Earnings Test with Options Pricing 7.5% Swing
Broadcom options signal a 7.5% swing after June 3 earnings. Investors eye AI revenue and margins as the company shifts to custom silicon.
Digital Turbine Rockets 45% on Strong Revenue, AI Expansion Plans
Digital Turbine shares jumped 45% after fiscal Q4 revenue beat estimates, with the company forecasting strong growth and expanding its AI partnership with Google Cloud.
PDD Holdings Tumbles on Q1 Earnings Miss, Costs Surge
PDD Holdings shares plunged 10.5% after first-quarter revenue and profit fell short of Wall Street forecasts, as rising costs and intense competition pressured the Temu and Pinduoduo parent.
Abercrombie & Fitch Surges on Q1 Profit Beat, Easing Turnaround Concerns
Abercrombie & Fitch shares rose 4-5% premarket after Q1 earnings beat, with EPS of $1.47 topping estimates. Net sales grew 2% to $1.11B, and full-year guidance was reaffirmed.
Zscaler Shares Plunge 21% on Disappointing Q4 Revenue Forecast
Zscaler shares tumbled 21% in premarket trading after the company's fourth-quarter revenue forecast fell short of Wall Street expectations, overshadowing a better-than-expected third quarter.
UK Sanctions HTX and 17 Others in Sweeping Crypto Crackdown on Russia
The UK has sanctioned HTX, formerly Huobi Global, along with 17 other crypto and payment firms, in a major move to disrupt Russia-linked financial networks.
Zscaler Shares Slide on Soft Guidance Despite Strong Earnings
Zscaler shares dropped over 13% after hours Tuesday as its Q4 revenue forecast of $876.5M fell just shy of Wall Street's $879M target, overshadowing a Q3 earnings beat.