EBay and Etsy drop on weak guidance as e-commerce crunch continues
Both of the companies gave disappointing guidance for the current quarter, sending their stocks sharply lower in extended trading.
Both of the companies gave disappointing guidance for the current quarter, sending their stocks sharply lower in extended trading.
Shell's bumper earnings echo profits seen across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.
Wayfair co-founder and Chief Executive Officer Niraj Shah said, despite sliding sales, consumer health remains "relatively strong."
Shopify announced it would buy Deliverr, which provides fulfillment services for online merchants, for $2.1 billion, the largest acquisition in its history.
Restaurant Brands International reported results that beat expectations, fueled by strong same-store sales growth from Burger King's overseas restaurants.
BP announced a further $2.5 billion in share buybacks as it reported its highest first-quarter profit in more than a decade.
Pfizer said it sold $13.2 billion of its Covid vaccine and $1.5 billion of its antiviral treatment Paxlovid.
Airbnb said it's seen substantial growth in bookings despite pandemic concerns, "macroeconomic headwinds" and the war in Ukraine.
The company has struggled with driver supply and demand imbalances throughout the pandemic, leading to higher costs or long wait times.