Roblox, Bumble and Coinbase report in a buzzy week for earnings — here’s what to watch

It’s time to shine for some of the newest entrants to the public markets. Companies that have had recent market debuts, including Bumble, Coinbase and Poshmark, are set to report earnings this week. CNBC’s “Trading Nation” asked two traders which they’re watching most closely. “I have my eye on Roblox because Roblox is essentially crack … Read more

Inflation is the big challenge for markets and the Fed in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE After April’s disappointing jobs report, market focus will shift squarely to inflation in the week ahead. The tug-of-war over tech stocks will also continue to be a dominant force in the stock market, after Friday’s bounce more than halved the week’s losses in … Read more

UltraTech Cement Q4 results: PAT rises 61.5% YoY to Rs 1,778 cr, beats estimates; firm to pay Rs 37 dividend

MUMBAI: Cement Ltd today reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore, which was slightly higher than analysts’ estimates. The company’s topline soared 34.6 per cent on-year in the quarter to Rs 13,784 crore, reflecting the strong demand and pricing conditions for the industry. “UltraTech’s recovery from the Covid-19 … Read more

DraftKings raises full-year guidance, expecting a return in sports

DraftKings clock at UFC venue. Source: DraftKings Sports-betting company DraftKings reported better-than-expected loss per share and revenue for its first quarter, and raised its full-year revenue guidance. Shares were down more than 1% in the premarket after an initial pop on the report. Here are the key numbers: Loss per share: 36 cents vs 42 cents … Read more

Siemens ups profit and sales guidance again as earnings beat forecasts

wallix | iStock Editorial | Getty Images Siemens raised its full-year profit and sales guidance on Friday for the second time this year, after the German conglomerate beat earnings forecasts for the second quarter. Siemens reported adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for its industrial businesses of 2.1 billion euros ($2.53 billion), … Read more

Peloton delays May launch of its less expensive treadmill in the U.S. after recall

Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was set to go on sale on May 27. Chief Executive John Foley said during an … Read more

Papa John’s earnings smash expectations as pizza demand remains strong post-pandemic

Papa John’s first-quarter earnings topped expectations as the pizza chain held on to the momentum it saw during the coronavirus pandemic, even as the country reopens for business. The stock was down 2.7% in Thursday’s premarket after the earnings announcement. Pizza was a tried-and-true bet for many consumers who were seeking familiar and convenient foods … Read more

Trading recovery helps Societe Generale smash analyst expectations in the first quarter

A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — French bank Societe Generale reported a “record” quarter for its trading division, helping it beat analyst expectations for the first three months of 2021. Net income for the first quarter came in at 814 million … Read more

After 2x rally in a year, can Godrej Properties sustain momentum?

The stock has lost 10% in three trading sessions since its quarterly result on Monday morning. Synopsis The company reported a 10% year-on-year increase in sales value at Rs 2,610 for the quarter aided by the new launches which contributed one third. ET Intelligence Group: Mumbai headquartered Godrej Properties reported a double digit growth in … Read more

Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing company Lyft showed continued … Read more