Duolingo’s Q3 earnings of $5.95 per share and revenue that increased 41% year-over-year to $271.7 million topped estimates. It also reported more than 50 million daily active users for the first time. Companies that missed, on average, saw their stocks decline almost 5% over the two days before and after their releases, according to FactSet, more than the five-year mean of -2.6%. Meanwhile, those that beat third-quarter earnings expectations have seen their stocks rise just 0.1%, on average, below the 5-year average of 0.9%, the research firm’s data show. That has been evident in the share-price declines in the stocks of companies like Chipotle Mexican Grill (CMG) and Netflix (NFLX) after reporting third-quarter earnings that missed expectations, as well as the meager gains awarded to EQT (EQT) after its beat.
Shares of Metsera (MTSR) surged 14% on news Pfizer (PFE) intended to sweeten its offer to acquire the weight-loss startup amid a bidding war with Ozempic and Wegovy maker Novo Nordisk (NVO). Pfizer stock was about 1% higher, while U.S.-listed shares of Novo Nordisk fell 4%. Shares of the Danish firm’s rival Eli Lilly (LLY) were 1% after President Donald Trump announced deals with the U.S. company and Novo Nordisk to cut weight-loss drug costs. With limited government economic indicators, investors are paying extra attention to other data. Consulting firm Challenger, Gray & Christmas this morning said U.S. employers announced 153,074 job cuts in October, the most for that month since 2003. Shares of Axon Enterprises (AXON) tanked 18% in premarket trading Wednesday, a day after the Scottsdale, Ariz.-based firm reported an adjusted profit of $1.17, well below the $1.49 consensus estimate of analysts surveyed by Visible Alpha.
As Childcare Prices Outpace Inflation, More Women Are Dropping Out of The Labor Market
In the U.S. and Canada, revenue increased 9% to $786 million, and average revenue per user (ARPU) gained 5% to $7.64. The company now sees full-year operating profit growth of 4% to 7%, and sales of 8% to 11%. The previous outlook was for operating profit to gain 4% to 20% and sales to advance 8% to 14%.
The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—could rest on today’s shareholder vote. Their ESPN Bet platform could not make much of a dent in the combined market share of sports-betting giants DraftKings (DKNG) and FanDuel, a unit of Flutter Entertainment (FLUT). Shares of the biggest U.S. airlines were all down recently, with American Airlines (AAL) off by nearly 3%, and Delta (DAL) and Southwest (LUV) airlines dipping about 1%. Transportation Secretary Sean Duffy yesterday said flight capacity would be reduced by 10% at select airports beginning Friday to keep the workload sustainable for understaffed, and currently unpaid, air traffic controllers. Some 5 million to 6 million travelers have flown for Thanksgiving, the busiest holiday for travel, in recent years, according to the American Automobile Association.
- Novo Nordisk, the company behind Wegovy and Ozempic, posted third-quarter adjusted earnings per share of DK4.50 ($0.69), DK20 ($0.03) below the average estimate of analysts surveyed by Visible Alpha.
- With the government shutdown still delaying official data, private measures of the labor market show the job market is still drying up.U.S.
- The EV-company-with-robotics-and-AI-ambitions has made clear its position that it would be lost without Musk at the helm and that the incentives it recommends are necessary to retain him.
- Though shareholders have voted with Tesla to approve a past compensation deal for Musk on more than one occasion, the days leading up to today’s shareholder vote have been fraught with tension.
- Snap (SNAP) said it is partnering with AI-powered answering engine Perplexity to give Snapchat users “a new way to ask questions, explore topics they care about, and learn about the world,” saying Perplexity’s system would be integrated into Snapchat beginning early next year.
PENN Entertainment and Disney shares fell roughly 3% and 1.5%, respectively, in recent trading, while those of DraftKings were up 1%. The latter bit of news is likely a big reason for the lift in the shares today. Snap (SNAP) said it is partnering with AI-powered answering engine Perplexity to give Snapchat users “a new way to ask questions, explore topics they care about, and learn about the world,” saying Perplexity’s system would be integrated into Snapchat beginning early next year. It’s unclear when Democrats and Republicans will reach a deal to end a shutdown that has stretched into its second month; Nearly 50% of those wagering on Polymarket, a predictions market, don’t expect a resolution until at least Nov. 16. Duffy said officials would today share which 40 airports will be impacted.
Here’s How Hot Quantum Stocks Have Been Lately—And What to Know About Them
Most Wall Street analysts, however, remain bullish on the chipmaker’s stock amid expectations of growing market share for AMD. Only a few of Wall Street’s favorite AI stocks have posted comparable gains in the past 12 months. Software companies Palantir (PLTR) and AppLovin (APP), lauded for their AI-driven growth, have risen roughly 300% in the past year. The food delivery giant said orders were up 21% to 766 million, and marketplace gross order value increased 25% to $25 billion. However, costs and expenses jumped 23% to $3.19 billion as the company’s investments in expanding its reach along with new product and initiatives like delivery robots grew.
Novo Nordisk Is Seeing Slowing Demand for GLP-1s Wegovy and Ozempic
Sales of $710.6 million were about $5 million above analysts’ projections. It was the seventh consecutive quarter that the company’s sales grew at least 30% from the prior-year period. The cost of daycare increased by 5.2% in September compared to the same period last year, according to a report from Bank of America. That is almost twice as fast as overall inflation, which rose 3% annually in September, according to the Bureau of Labor Statistics. The news sent Pinterest shares down 20% in morning trading and into negative territory for the year. Shares of Snap (SNAP) and Meta Platforms (META) made far more muted early moves by comparison.
For the current quarter, Bumble sees adjusted EBITDA of $61 million to $65 million and revenue of $216 million to $224 million. Visible Alpha consensus called for $74.6 million and $233 million, respectively. The Austin, Texas-based company, which is the parent of Badoo and BFF in addition to its namesake brand, posted a 16% year-over-year decline in total paying users to 3.57 million, below the 3.73 million expectations of analysts polled by Visible Alpha. Tesla (TSLA) stock fell 3.5% ahead of a shareholder vote on CEO Elon Musk’s trillion-dollar pay package and other proposals in a meeting that was set to start at 4 p.m. A final count likely will come in a few days in a Securities and Exchange Commission filing.
Realtime Prices for Dow Jones Stocks
With the government shutdown still delaying official data, private measures of the labor market show the job market is still drying up.U.S. Private employers added 42,000 jobs in October, payroll provider ADP said Wednesday. That was more than the 22,000 forecasters had expected, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. The growth was a rebound after a loss of 29,000 jobs in September, but was slow by historic standards, far below the 221,000 jobs added in October 2024, for instance. The private data is especially important because the most recent official reports showed inflation rising and the job market weakening. Amgen (AMGN) was the best-performing stock in the Dow Jones Industrial Average on Wednesday morning after the biopharmaceutical firm posted third-quarter results that easily topped analysts’ estimates.
Childcare costs are rising so fast that the price for one child is more than a month’s rent for some families, according to a 2024 report from the Department of Labor. Average costs also surpassed the average annual tuition and fees at a four-year public college by nearly $1,800, according to a report from The Conference Board. The results and outlook offset strong user growth, with the company setting a record with 600 million monthly active users. The burger chain’s emphasis on inexpensive meals has attracted more high-income Americans, the company said, though it hasn’t stemmed a two-year slide in traffic from low-income consumers.
- DOT and Federal Aviation Administration officials didn’t respond to Investopedia’s questions about when further details will be released in time for publication.
- Dow Jones delivers trusted news, data, and intelligence to help leaders see clearly, act quickly, and move confidently.
- Advanced Micro Devices (AMD) shares were up about 2%, near $255, in recent trading as the broader tech sector looked to rebound from yesterday’s sell-off.
- Meanwhile, those that beat third-quarter earnings expectations have seen their stocks rise just 0.1%, on average, below the 5-year average of 0.9%, the research firm’s data show.
The most recent data from the Bureau of Labor Statistics showed job growth decreased sharply over the summer as tariffs-related uncertainty, federal workforce cutbacks, President Donald Trump’s crackdown on immigration, and the adoption of artificial intelligence all took their toll. Employers have pulled back on hiring in recent months due to uncertainty about trade policy amid President Donald Trump’s unpredictable campaign of raising tariffs on trading partners. The Fed is tasked with a dual mandate from Congress to prevent high unemployment and keep inflation low, and Fed officials have become increasingly worried about the health of the labor market. The Warsaw, Ind.-based firm reported revenue that increased nearly 10% year-over-year to $2.00 billion, but it came in a tick below consensus estimates of analysts surveyed by Visible Alpha. CarMax (KMX) also provided preliminary fiscal 2026 third-quarter guidance.
The EV-company-with-robotics-and-AI-ambitions has made clear its position that it would be lost without Musk at the helm and that the incentives it recommends are necessary to retain him. Quantum computing stocks—those representing a technology that teases vast computing power—have soared in the past year, making even the artificial-intelligence rally look tame. Shares of D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have soared 2,700% and 3,100%, respectively, over that period. The deal, announced in August 2023, was worth $1.5 billion over 10 years, but each had a right to terminate it “after the third year if specific market share performance thresholds were not met.” They weren’t. The company also approved a stock buyback and struck a deal to provide conversational artificial intelligence (AI) search to Snapchat.
Novo Nordisk, the company behind Wegovy and Ozempic, posted third-quarter adjusted earnings Etf versus index fund per share of DK4.50 ($0.69), DK20 ($0.03) below the average estimate of analysts surveyed by Visible Alpha. Revenue was up 5.1% to DK74.98 billion ($11.53 billion), also short of forecasts. Duolingo (DUOL) shares lost roughly a quarter of their value in premarket trading Thursday, a day after the maker of a popular app to learn foreign languages reported weaker-than-expected current-quarter guidance.
DoorDash (DASH) shares tumbled Thursday after the food delivery firm missed profit estimates and gave a weak outlook. Earnings of $0.33 per share and revenue that decreased 10% to $246.2 million narrowly topped estimates. Shares of Pinterest (PINS) plunged after the visual social media and search company missed profit expectations and gave weak holiday quarter guidance. Trex Co. (TREX) shares sank to multiyear lows after the maker of deck-building materials posted worse-than-expected results and lowered its outlook, citing a slump in spending for housing projects. Zimmer Biomet Holdings (ZBH) was the worst-performing stock in the S&P 500 on Wednesday afternoon after the medical device maker’s third-quarter revenue came in weaker than expected. Jefferies and HSBC analysts, who have “buy” or equivalent ratings for the stock and $300 price targets, said they came away from Tuesday’s results convinced of AMD’s potential for more AI-driven growth.
Higher costs of living have made it harder for many employees to save, and some companies are offering benefits to help their workers create and maintain an emergency savings account. In post-earnings moves, Datadog (DDOG) soared 23%; Snapchat parent Snap (SNAP) stock surged nearly 10%; Duolingo (DUOL) nosedived 27%; DoorDash (DASH) sank 17%; Qualcomm (QCOM) fell 3.6%; and Robinhood Markets (HOOD) declined almost 11%. Strengthen financial decisions by leveraging trusted real-time news, data and analysis. Axon Enterprises also announced it had agreed to acquire emergency communications firm Carbyne for $625 million, a deal it expects to close in the first quarter of 2026.
Wegovy sales rose 18% to DK20.35 billion ($3.13 billion), below expectations. Ozempic sales added 3% to DK30.74 billion ($4.73 billion), better than anticipated. Gold futures rose 0.8% to just below $4,000 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, fell 1.6% to below $60 a barrel. Also likely aiding markets was sharp questioning by Supreme Court justices of an attorney representing the White House. The court is determining whether Trump has the authority to impose tariffs without Congress’s approval under the International Emergency Economic Powers Act. Some of Trump’s trade moves have roiled markets, and legal challenges to his policies suggest the possibility of further uncertainly whatever the outcome.
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It said the change “reflects lowered growth expectations for Novo Nordisk’s GLP-1 treatments within diabetes and obesity.” It’s the fourth time the company narrowed its guidance this year. The company nowsees fourth-quarter sales of $140 million to $150 million, below its earlier estimates, and reported a full-year outlook of $1.15 billion to $1.16 billion. That’s basically the same as 2024, compared to its previous expectation of an increase of 5% to 7%.