AMC Stock Jumps 5% As Q1 2022 Results Beat Estimates
(AMC) Shares of AMC rose more than 5% in premarket on Tuesday after reporting revenues of $785.7 million in the first quarter of 2022. The revenue was a rise from…
Rivian Plunges 17% After Reports Ford and Other Firms Are Selling Stake
(Bloomberg) Shares of Rivian Automotive Inc. fell more than 17% on Monday after reports emerged that Ford was selling its 8 million shares in the company at a discount. The…
Palantir Stock Nosedives 15% After Mixed Q1 2022 Results
(Palantir) Shares of Palantir fell more than 15% in premarket on Monday after posting a profit of 2 cents per share, missing expectations of 4 cents per share. The missed…
BioNTech Affirms Vaccine Guidance as Q1 2022 Revenue Hits €6.4B
(BioNTech) BioNTech expects to hit its 2022 vaccine revenue guidance of between 13 billion euros and 17 billion euros. The affirmed guidance happens after BioNTech reported total revenues of 6.375…
Vale Inks Deal to Supply Tesla With Low-Carbon Nickel
(Vale) Vale has agreed a deal to sell Class 1 low-carbon nickel to electric car maker Tesla from its Canada’s operations. Vale says it targets to deliver 30% to 40%…
Palantir Bags £10-Million Contract with UK’s Ministry of Defence
(Bloomberg) American software firm Palantir Technologies Inc. has inked a 10-million-pound agreement with the United Kingdom to automate transactions and cut down processing time. The agreement covers a 12-month contract…
Galactic Stock Falls 5% After It Delays Commercial Spaceflight to Early Next Year
(Galactic) Shares of Virgin Galactic fell more than 5% in premarket on Friday after saying it expects to launch its commercial space flight in the first quarter of 2023. The…
DoorDash Posts a Record Monthly Users in Q1 2022, Revenue Jumps 35%
(DoorDash) A $12.4 billion Marketplace GOV, up 25% from the prior year, helped DoorDash report a record monthly active users in the first quarter of 2022. DoorDash said the robust…
Block Surges on Promising Outlook Amid Quarterly Loss
(Square) Shares of Block Inc. rose more than 6% in premarket on Friday after the company said it expects its Cash App to sequentially grow gross profit throughout this year. …
Shopify Stock Nosedives After Q1 2022 Revenues Miss Estimates
(Shopify) Shares of Shopify traded 17% lower on Thursday after posting a revenue of $1.2 billion in the first quarter of the year, below estimates of $1.24 billion. The revenues…
Etsy Stock Falls 16% As Merchandise Volumes, Net Income Declines in Q1 2022
(Etsy) Etsy stock fell 16% on Thursday after the marketplace's gross merchandise sales volume decreased by 2.0% from the prior year to $2.8 billion in the first quarter of 2022.…
Intercept Pharma Soars 33% On Advanz Pharma Deal for Non-US Expansion
(Intercept Pharma) Shares of Intercept Pharmaceuticals rose 33% on Thursday after inking a deal with Advanz Pharma to commercialize its drug Ocaliva® for PBC outside of the US. Under the…
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