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The Latest Breaking News from Nasdaq

Lovesac Co (NASDAQ:LOVE) reported first-quarter FY23 sales growth of 56% year-on-year to $129.4 million, beating the consensus of $115.02 million. Comparable sales grew 42.2%. The gross profit rose 43.5% Y/Y to $66.1 million, with the margin contracting 450 basis points to 51.1%. The operating expenses climbed 44.8% Y/Y to $63.5 million. The operating…

Benzinga

EXCLUSIVE: Top 100 Insurer In Pact With SOBRsafe For Sponsored Customer Pilots

SOBR Safe Inc (NASDAQ: SOBR) has signed an agreement with a Top 100 Property & Casualty insurance company to conduct two pilot tests with last-mile fleet customers, as paid for by the insurer.

Benzinga

Amazon Calls For Support From Third-Party Sellers Against Antitrust Legislation

Amazon.com, Inc (NASDAQ: AMZN) is urging its third-party sellers to oppose an antitrust bill, which it says could “jeopardize” the company’s ability to operate its service.

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Is Tesla Warming To Radar Once Again?

Tesla, Inc. (NASDAQ: TSLA), which has shunned radar and instead pledged allegiance to camera vision, is seemingly rethinking its strategy.

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Why DocuSign Stock Is Rising Today

DocuSign Inc (NASDAQ: DOCU) shares are trading higher Wednesday after the company announced an expanded partnership with Microsoft Corp (NASDAQ: MSFT).

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Kingsoft Cloud Tops Q1 Aided By Growth In Gross Billings From Core Cloud Services; Issues Cautious Outlook

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported first-quarter FY22 revenue growth of 19.9% year-on-year to $342.9 million, beating the consensus of $312.2 million. Revenues from public cloud services remained stable Y/Y at $217.8 million, and enterprise cloud services increased 88.7% Y/Y to $125 million. EPS loss was $(0.02) or RMB(0.15) versus EPS of RMB0.11…

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Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

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CNBC's Final Trades: Starbucks, Johnson & Johnson, Union Pacific And This Way To Gain Exposure To Gold

On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Starbucks Corporation’s (NASDAQ: SBUX) U.S.

Benzinga

Executives Sell More Than $61M Of 4 Stocks

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

You Could Soon Get A Cheaper Chromecast From Google

A new device, illustrated in a Federal Communications Commission filing, by Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) could be a cheaper version of Chromecast.

Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

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Kingsoft Cloud: Q1 Earnings Insights

Kingsoft Cloud Holdings (NASDAQ:KC) reported its Q1 earnings results on Wednesday, June 8, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

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Lovesac: Q1 Earnings Insights

Lovesac (NASDAQ:LOVE) reported its Q1 earnings results on Wednesday, June 8, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Lovesac reported an EPS of $0.12.

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Apple, Tesla Supplier TSMC Forecasts Strong 2022 Growth

Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM), which supplies chips to the likes of Apple, Inc. (NASDAQ: AAPL) and Tesla, Inc.

Benzinga

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DBV Technologies Shares Jump On Positive Data From Peanut Allergy Trial In Toddlers

DBV Technologies SA's (NASDAQ:DBVT) pivotal Phase 3 EPITOPE trial of Viaskin Peanut 250 µg for peanut-allergic toddlers ages 1 to 3 years met its primary endpoint. Viaskin Peanut demonstrated a statistically significant treatment effect, with 67.0% of subjects in the Viaskin Peanut arm meeting the treatment responder criteria after 12 months, compared…

Benzinga

Read What It Will Take For Alibaba's Most Accurate Analyst To Reverse His Sell Recommendation

DZ Bank AG's Manuel Muehl remained adamant on his sell recommendation on Chinese stocks, including Alibaba Group Holding Ltd (NYSE: BABA), amid hints toward possible ease in the regulatory crackdown.

Benzinga

Western Digital Weighed Strategic Alternatives Including Business Split

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

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Elon Musk Says SpaceX's Starlink Unlikely To Go Public Until This Happens

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX’s high speed, satellite-based internet service Starlink is not likely to go public until 2025 or later, CNBC

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Microsoft Revamps MR Unit As Key Exec Said To Step Down Over 'Toxic Behavior' Complaints

Microsoft Corporation (NASDAQ: MSFT) has reportedly lost a key tech talent who was overseeing the development of the HoloLens mixed reality (MR) headset.

Benzinga

Limoneira Reports Mixed Q2 Results On Pressured Lemon Prices

Limoneira Co (NASDAQ:LMNR) reported second-quarter FY22 sales growth of 3.6% to $46.75 million, missing the consensus of $48.32 million. Agribusiness revenue rose 3.2% Y/Y. Fresh lemon sales decreased 4.9% Y/Y, avocado revenue grew 33.3%, while orange revenue jumped 85.7%. Adjusted EBITDA of $5.8 million fell 3.3% Y/Y. Selling, general and administrative expenses decreased…

Benzinga

Read How Casey's General Stores Fared In Q4

Casey’s General Stores Inc (NASDAQ:CASY) reported fourth-quarter FY22 sales growth of 45.4% year-on-year to $3.46 billion, in line with the consensus of $3.46 billion. Inside same-store sales increased 5.2%. Inside gross profit rose 12.1% Y/Y to $409 million. Fuel gallons increased 1.5% on a same-store basis. Total fuel gross profit increased 27.2% to…

Benzinga

Apple CarPlay Good But Won't Fit In With These Cars, Xpeng CEO Says

Xpeng Inc (NYSE: XPEV) chairman and CEO He Xiaopeng believes Apple Inc’s (NASDAQ: AAPL) CarPlay is a good solution for the current generation of cars, but not for the next gene

Benzinga

20 Stocks Moving in Wednesday's Pre-Market Session

Gainers Cyren Ltd. (NASDAQ: CYRN) rose 31.1% to $2.32 in pre-market trading after the company entered into an agreement with Content Services Group to sell all equity interests in its legacy secure email gateway business.

Benzinga

EV Company Phoenix Motor Hits The IPO Path - Checkout For Details

Phoenix Motor Inc (NASDAQ:PEV) has priced its initial public offering of 2.1 million shares at $7.50 per share. The offer price falls around the low end of its predicted range of $7 - $9 per share. Phoenix Motor is a California-based company that designs, assembles, and integrates electric drive systems and light and medium-duty…

Benzinga

Twitter Fights Jan 6 Panel Demand For Internal Slack Messages During Capitol Riots: Report

Twitter Inc (NYSE: TWTR) is reportedly pushing back against demands from a committee probing the Jan. 6 Capitol riots to hand over its internal communications about moderation on its platform.

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