Meta CEO Mark Zuckerberg on stage at the Meta Connect conference in September. David Paul Morris / Bloomberg via Getty Images Close Key Takeaways Shares of a social media juggernaut slumped as investors balked at its rapidly accelerating spending on artificial intelligence, while reports of potential partnership or buyout talks helped a vaccine maker's shares shoot higher. Chipotle Mexican Grill (CMG) stock fell 18.2%, the most of any S&P 500 component, after the fast-casual burrito chain reported lower-tha ...

with those results. Sure. >> Credit beating on the top and bottom lines.Earnings of 80 cents per share, far ahead of expectations of 51 cents per share. Revenues of $585 million ahead of estimates of 546 million. The company also guiding to Q4 revenue and Ebida in ranges ahead of analyst expectations.I just spoke with CEO Steve Huffman, who told me that Reddit's ad business continues to outpace its peers with 74% year-over-year growth and 75% growth in total advertiser count. He said AI is helping across th ...

James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market ...

The social-media company posted a profit of $162.7 million, driven by higher advertising demand as it continues to draw in more users. ...

Growth around search and Reddit Inc.'s globalization efforts helped the social-media platform blow past Wall Street's expectations in its third-quarter results Thursday. ...

TRENDING: Palantir, Robinhood Earnings Due After Market's Tricky October Reddit (RDDT) stock rallied late Thursday after the social mediacompany reported third-quarter results that beat Wall Street's consensus expectations. Reddit said that it earned 80 cents per share for the September-ended quarter, compared with earnings of 16 cents per share a year earlier. That beat the earnings of 52 cents per share that analysts polled by FactSet were forecasting. Meanwhile, sales jumped 68% to $585 million, ahead of ...

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Reddit reported third-quarter earnings on Thursday in which the company beat on the top and bottom, but the company saw its user growth for logged-in users slow down once again. Shares were down about 4% at the market's close.Here's how the company did compared with LSEG estimates:Earnings p ...

Reddit forecast fourth-quarter revenue above Wall Street estimates on Thursday, thanks to its artificial intelligence-powered advertising tools that are boosting marketing spending on the social media... ...

Welcome back to Market on Close. Another stock in focus after the close today is Reddit. It will report its earnings for the third quarter.Estimates calling for adjusted EPS of 52 cents on revenue of $550 million. And the company has topped both revenue and earning estimates for six consecutive quarters. Shares are up more than 20% so far this year.And that means it's time for Options Corner. Of course, we are looking at Reddit today ahead of those earnings. Joining us in studio here, Rick Dat, our lead mar ...

Meta Platforms Inc (NASDAQ:META) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.At 10:20 AM EST on October 30, META triggered a Power Inflow signal at a price of $663.67. In the hour leading up to the Power Inflow signal, META's stock price had some slight pullback following the initial price rise that occurred earlier in the day. Following the Power Inflow signal, ...