Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives saw signs of economic weakness taking hold. Atlassian TEAM, +1.03% shares plummeted 23% after hours, following a 1% rise in the regular session to close at $174.17. The company …
AT&T beat both sales and earnings metrics for the third quarter and raised its forecast for profits. The telecom giant also said it is “confident in [its] ability” to deliver the previously estimated $14 billion in free cash flow for full-year 2022. That means AT&T (ticker: T) should have ample cash to support its dividend and for debt repayment despite …
AT&T Stock Jumps After Topping Earnings Estimates Read More »
Netflix shares were trading sharply higher after the streaming video giant posted better-than-expected subscriber growth for the third quarter. The company added 2.41 million net new subscribers in the quarter, beating its own forecast of 1 million additions. Netflix (ticker: NFLX) said it expects to add another 4.5 million subscribers in the December quarter. Alexander …
Netflix Stock Soars as Subscriber Growth Tops Expectations Read More »
Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and …
