Articles by James Calloway
Sandisk's $198B July Plunge: Earnings Hurdle Looms Large
Sandisk shares plummeted 55% in July, erasing nearly $198 billion in market cap, as Q4 EPS consensus rose 5.1% above management's guidance ceiling.
Robinhood's Q2 2026: Prediction Markets Outshine Crypto and Equities
Robinhood's Q2 results show event-contract revenue of $156 million exceeded both equities and crypto, marking a shift in trading dynamics.
Visa Trims 2,600 Jobs, Records $563M Severance Charge
Visa plans to eliminate 2,600 positions, mostly in tech and product roles, after taking a $563 million severance charge. Revenue growth remains strong at 14%.
Amazon Streamlines AI Strategy, Trims Nova Model Lineup Amid $200B Capex Push
Amazon is discontinuing most Nova AI models to focus on frontier research. Q2 earnings due Thursday as $200B capital plan pressures cash flow.
Carvana Shares Slide 8% as Profit Growth Slows in Second Half
Carvana shares dropped 8.1% in after-hours trading as full-year guidance pointed to weaker profit growth in the second half, despite strong Q2 results.
Fortinet Shares Jump 11% After Hours on Strong Billings and Raised Guidance
Fortinet shares jumped 11.1% in after-hours trading after the cybersecurity firm reported Q2 results that beat estimates and raised its 2026 guidance.
Ambev Shares Dip as Beer Volume Recovery Trails 2024 Levels
Ambev shares slipped 1.2% to R$15.90 as analysts forecast Q2 beer volume growth of 5-8%, still below 2024 levels. EBITDA is projected between R$6.3 billion and R$6.6 billion.
Chipotle Stock Surges After Q2 Beat, Buybacks Offset Profit Drop
Chipotle shares surged 5.9% after hours as Q2 comparable sales rose 2.2%, beating estimates. Adjusted net income fell 7%, but stock buybacks kept EPS flat at $0.33.
Starbucks Q3 Beats Estimates, Shares Jump 5.6% After Hours
Starbucks shares surged 5.6% in after-hours trading after the coffee chain reported better-than-expected Q3 results, driven by higher customer traffic. Global same-store sales rose 7.9%, topping forecasts.
Arm Shares Slide on Rising Stock Compensation Despite Revenue Beat
Arm shares fell 7% in after-hours trading after reporting record revenue and a profit beat, but rising stock-based compensation widened the gap between GAAP and adjusted profitability.
Lam Research Shares Surge on Strong Outlook, Revenue Forecast Beats Estimates
Lam Research shares climbed in after-hours trading after the company projected $8.1 billion in September revenue, well above analyst expectations.
Amazon's AWS Margin Under Microscope as Stock Slides 7.4% Pre-Earnings
Amazon shares dropped 7.4% in five days ahead of Q2 earnings, as investors focus on AWS margin trends and rising AI-driven capital spending.