Peloton shares fall after company posts huge loss and offers weak guidance
Peloton reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the company's cash.
Peloton reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the company's cash.
Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.
SoFi blamed the early release of its results on human error, according to CNBC's Kate Rooney.
Novavax reported net income of $203 million in the first quarter, compared to a net loss of $222.7 million the same period last year.
AMC Entertainment posted a narrower-than-expected loss during the first quarter.
Coinbase earnings missed analyst estimates and shares fell as much as 19% in extended trading.
Roblox soared in popularity during the pandemic, but the hype has since cooled.
Lucid said that it now has 30,000 reservations for its Air luxury sedan — and it's raising prices in June.
Sweetgreen sales jumped 67%, fueled by more customer transactions and menu price hikes.