KSF Space Cubesat Kit: Unrivaled Affordability and Accessibility
This CubeSat kit is more than just components; it's a complete educational ecosystem. Universities can transform their aerospace and engineering programs by offering students invaluable, hands-on experience in: CubeSat Design: Understanding the modular structure and standardization of CubeSats.
Understanding the modular structure and standardization of CubeSats. Power Systems: Implementing efficient energy generation and distribution for CubeSats.
Implementing efficient energy generation and distribution for CubeSats. Communication Systems: Mastering the transmission and reception of data to and from a nanosatellite .
Mastering the transmission and reception of data to and from a . Payload Integration: Developing and incorporating scientific or technological experiments into their CubeSat kit for real-world application.
This practical exposure, facilitated by a truly affordable CubeSat kit, bridges the gap between theoretical knowledge and practical application, nurturing a new generation of space engineers.
The KSF Space Cubesat Kit Version 2.0 stands out for its exceptional versatility. It's designed to be ready to fly to suborbital altitudes straight out of the box. This means immediate opportunities for: Atmospheric Research: Deploying sensors to collect data on temperature, pressure, and humidity in the upper atmosphere.
Deploying sensors to collect data on temperature, pressure, and humidity in the upper atmosphere. Technology Demonstration: Testing new components and systems in a near-space environment.
Testing new components and systems in a near-space environment. Educational Launches: Providing students with the exhilarating experience of seeing their CubeSat kit ascend to the edge of space.
Beyond suborbital missions, the KSF Space Cubesat Kit Version 2.0 offers an easy upgradability to orbital form from the shelf. This strategic design allows users to start with a cost-effective suborbital platform and gradually expand its capabilities for more ambitious orbital missions. Imagine evolving your initial CubeSat kit into a platform for: Earth Observation: Capturing imagery for environmental monitoring or urban planning.
Capturing imagery for environmental monitoring or urban planning. IoT Connectivity: Testing novel communication solutions for global internet of things networks.
Testing novel communication solutions for global internet of things networks. Scientific Experiments in LEO: Conducting long-duration experiments in the low Earth orbit environment.
This upgradability ensures your initial investment in a CubeSat kit remains relevant and valuable as your space ambitions grow.
KSF Space understands that embarking on a satellite project can seem daunting. That's why their CubeSat kit is meticulously designed for ease of assembly and integration. It arrives with all essential hardware and software components, including: Pre-configured PCBs: Streamlining the electronic setup.
Streamlining the electronic setup. Antennas and Sensors: Ready for integration to collect vital data.
Ready for integration to collect vital data. Comprehensive Communication Systems: Enabling seamless interaction with your nanosatellite.
To ensure every user's success, KSF Space provides extensive online tutorials, dedicated training sessions, and continuous support. This commitment means that even beginners can confidently navigate the complexities of satellite engineering. By simplifying the build process, the KSF Space CubeSat kit allows users to focus on the core principles of mission planning, data analysis, and the thrilling application of space technology.
The KSF Space Cubesat Kit Version 2.0 is a game-changer for R&D departments and private companies. It offers an unprecedented avenue to: Rapid Prototyping: Quickly iterate and test new space-borne technologies.
Quickly iterate and test new space-borne technologies. Cost-Effective Research: Conduct vital experiments without the exorbitant costs traditionally associated with space projects.
Conduct vital experiments without the exorbitant costs traditionally associated with space projects. Fostering Innovation: Encourage creative solutions and new applications by lowering financial barriers.
This accessible and upgradable CubeSat kit empowers a wider range of organizations to contribute to the rapidly expanding space economy, accelerating breakthroughs in various fields from remote sensing to advanced communications.
The KSF Space Cubesat Kit Version 2.0 is not just a product; it's an invitation to join the space revolution. By providing the world's most affordable and user-friendly CubeSat kit, KSF Space is empowering a new generation of scientists, engineers, and innovators to reach for the stars and unlock the vast potential of space.
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Earnings live: Eli Lilly stock slides, Toyota warns on tariffs, Warner Bros. Discovery posts surprise profit
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors hear from Tyson (TSN), AMD (AMD), Snap (SNAP), McDonald's (MCD), Disney (DIS), Uber (UBER), Lyft (LYFT), Palantir (PLTR), and more when they report results. Data from FactSet published Friday showed that with 66% of the index having reported results, analysts expect S&P 500 companies to report a 10.3% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Duolingo surges as AI-led growth, forecast raise boost investor confidence The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Shopify stock soars on upbeat forecast, 31% revenue growth Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Uber beats second quarter estimates, unveils $20 billion stock buyback program Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Novavax beats quarterly revenue estimates on milestone payment Reuters reports: Read more here. Novo Nordisk misses Wall Street estimates for Q2 earnings on slower GLP-1 sales Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. McDonald's stock rises after company reverses US sales slump McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. Disney lifts profit outlook as parks, streaming drive Q3 earnings beat Yahoo Finance's Allie Canal reports: Read more here. Honda Q1 profit halves on tariffs, but raises outlook Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Duolingo surges as AI-led growth, forecast raise boost investor confidence The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Shopify stock soars on upbeat forecast, 31% revenue growth Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Uber beats second quarter estimates, unveils $20 billion stock buyback program Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Novavax beats quarterly revenue estimates on milestone payment Reuters reports: Read more here. Reuters reports: Read more here. Novo Nordisk misses Wall Street estimates for Q2 earnings on slower GLP-1 sales Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. McDonald's stock rises after company reverses US sales slump McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. Disney lifts profit outlook as parks, streaming drive Q3 earnings beat Yahoo Finance's Allie Canal reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Honda Q1 profit halves on tariffs, but raises outlook Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. 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Bloomberg
7 minutes ago
- Bloomberg
US Auto Safety Regulator Sought Tesla Robotaxi Ride Last Month
The US safety regulator investigating the suite of features Tesla Inc. markets as Full Self-Driving has sought to test the carmaker's recently launched driverless-taxi service, a sign of the close tabs authorities are keeping on the technology. The National Highway Traffic Safety Administration wrote to Tesla on July 1 about coordinating a visit to Austin last month for a ride. In the email from the director of the agency's Office of Defects Investigation, which was uploaded to NHTSA's website Thursday, regulators also sought information on size of Tesla's robotaxi fleet, plans for a public launch and the use of remote operators.
Yahoo
36 minutes ago
- Yahoo
Earnings live: Eli Lilly stock slides, Toyota warns on tariffs, Warner Bros. Discovery posts surprise profit
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors hear from Tyson (TSN), AMD (AMD), Snap (SNAP), McDonald's (MCD), Disney (DIS), Uber (UBER), Lyft (LYFT), Palantir (PLTR), and more when they report results. Data from FactSet published Friday showed that with 66% of the index having reported results, analysts expect S&P 500 companies to report a 10.3% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Shopify stock soars on upbeat forecast, 31% revenue growth Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Uber beats second quarter estimates, unveils $20 billion stock buyback program Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Novavax beats quarterly revenue estimates on milestone payment Reuters reports: Read more here. Novo Nordisk misses Wall Street estimates for Q2 earnings on slower GLP-1 sales Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. McDonald's stock rises after company reverses US sales slump McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. Disney lifts profit outlook as parks, streaming drive Q3 earnings beat Yahoo Finance's Allie Canal reports: Read more here. Honda Q1 profit halves on tariffs, but raises outlook Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Opendoor stock plunges on earnings after meme stock rally Opendoor (OPEN) stock sank precipitously following earnings. Shares of the iBuyer platform, which has become a retail investor darling in recent weeks, dropped as much as 19% despite beats on the top and bottom lines. The stock went on a wild ride in July as retail trader enthusiasm and a thesis from investor and Carvana spotter Eric Jackson bid up shares. Over the past month, Opendoor stock has climbed over 300%. That might be partly why the stock is selling off on the earnings news. The company reported a loss per share of $0.01 for the quarter, compared to estimates for a loss per share of $0.03. Revenue grew 4% annually to $1.6 billion, also above Wall Street analysts' expectations for revenue of $1.5 billion. For the third quarter, Opendoor forecast revenue from $800 million to $875 million. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Shopify stock soars on upbeat forecast, 31% revenue growth Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. Shopify's second quarter revenue marked a 31% increase from a year ago as the company benefited from investments in product features and artificial intelligence. For the third quarter, Shopify anticipates revenue to grow at a mid-to-high twenties percentage rate on a year-over-year basis. Gross profit dollars are expected to grow at a low-twenties percentage rate annually. 'Today's results are the payoff from bold bets we made years ago,' Shopify president Harley Finkelstein said in a statement. 'The investments we're making now will fuel our next chapter.' Listen to Shopify's earnings call live here. Uber beats second quarter estimates, unveils $20 billion stock buyback program Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Uber (UBER) stock gained around 1% in premarket trading after the ride-hailing company announced a $20 billion stock buyback program and lifted its bookings guidance for the third quarter. Uber's second quarter profits rose to $0.63 per share from $0.47 per share a year ago, roughly in line with estimates. Revenue topped estimates at $12.66 billion for the quarter, compared to $12.46 billion expected. Reuters reports: Novavax beats quarterly revenue estimates on milestone payment Reuters reports: Read more here. Reuters reports: Read more here. Novo Nordisk misses Wall Street estimates for Q2 earnings on slower GLP-1 sales Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. McDonald's stock rises after company reverses US sales slump McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. Disney lifts profit outlook as parks, streaming drive Q3 earnings beat Yahoo Finance's Allie Canal reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Honda Q1 profit halves on tariffs, but raises outlook Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Opendoor stock plunges on earnings after meme stock rally Opendoor (OPEN) stock sank precipitously following earnings. Shares of the iBuyer platform, which has become a retail investor darling in recent weeks, dropped as much as 19% despite beats on the top and bottom lines. The stock went on a wild ride in July as retail trader enthusiasm and a thesis from investor and Carvana spotter Eric Jackson bid up shares. Over the past month, Opendoor stock has climbed over 300%. That might be partly why the stock is selling off on the earnings news. The company reported a loss per share of $0.01 for the quarter, compared to estimates for a loss per share of $0.03. Revenue grew 4% annually to $1.6 billion, also above Wall Street analysts' expectations for revenue of $1.5 billion. For the third quarter, Opendoor forecast revenue from $800 million to $875 million. Opendoor (OPEN) stock sank precipitously following earnings. Shares of the iBuyer platform, which has become a retail investor darling in recent weeks, dropped as much as 19% despite beats on the top and bottom lines. The stock went on a wild ride in July as retail trader enthusiasm and a thesis from investor and Carvana spotter Eric Jackson bid up shares. Over the past month, Opendoor stock has climbed over 300%. That might be partly why the stock is selling off on the earnings news. The company reported a loss per share of $0.01 for the quarter, compared to estimates for a loss per share of $0.03. Revenue grew 4% annually to $1.6 billion, also above Wall Street analysts' expectations for revenue of $1.5 billion. For the third quarter, Opendoor forecast revenue from $800 million to $875 million.
