After-Hours Movers: Cloudflare, DoorDash Gain on EPS; Warner Bros. Discovery Sinks
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- Wall St rises on AI gains as oil slides, Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips briefly below $100 on Saudi exports, hopes of US-Iran diplomacy
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- AMD stock jumps as chip rally builds ahead of summit
Atlassian (TEAM) Soars on Positive 4Q and CFO Appointment
August 5, 2022 11:04 AM EDTAtlassian Corp. (NASDAQ: TEAM) soared in pre-market trading Friday and is currently up almost 14% mid-day after the company reported 4Q results and offered some forward-looking commentary on the earnings call.
The Australian software company reported 4Q adjusted EPS of $0.27, compared to EPS of $0.24 in the year-ago period, in line with what analysts were expecting. Revenue came in at $757 million, up 35% YoY, ahead of the consensus projection of $723 million.
TEAM reported an EBIT of 14.4%, below the analyst consensus of 15.3%. TEAM also announced Joe Binz as the new CFO. Binz will... More
JPMorgan Starts Block Inc (SQ2:AU) (SQ) at Overweight
August 5, 2022 5:51 AM EDTJPMorgan analyst Tien-tsin Huang initiates coverage on Block Inc (SQ2:AU) (NYSE: SQ) with a Overweight rating and a price target of AUD153.00.
The analyst comments "We covered largely in-line results and a reiterated start of production (SOP) and cash burn guide in our reaction note. In this note we update our... More
