Trade Desk shares plunge on weak revenue, guidance miss
Trade Desk Inc (NASDAQ:TTD) shares tumbled almost 30% in premarket trading on Friday after the digital advertising technology company reported second-quarter revenue and profit that missed Wall Street estimates and issued a third-quarter forecast far below expectations. The company posted revenue of $715 million for the quarter, up 3% year-over-year but short of analysts' estimate of $751...
9:00am: Payrolls unexpectedly contract in July The US labor market unexpectedly weakened in July as nonfarm payrolls fell by 23,000, marking the first monthly decline in employment in years and missing expectations for an 80,000-job gain. Private payrolls increased by just 30,000, well below forecasts of 82,000, while May and June payrolls were revised down by a combined 103,000...
Cloudflare (NYSE:NET) shares were set to open sharply higher on Friday after the cloud connectivity company reported second quarter results that topped analyst expectations and issued stronger-than-expected guidance for the current quarter. Shares of Cloudflare were indicated to open about 15% higher following the results. Cloudflare reported adjusted earnings of $0.29 per share for the...
American Resources Corp (NASDAQ:AREC) said its minority-held affiliate ReElement Technologies Corporation has successfully commissioned and operated its first commercial-scale germanium production column at ReElement's refining facility in Indiana. The germanium column is the largest chromatography column ReElement currently intends to deploy across its owned facilities and future partner...
RBC Capital Markets has started its coverage of Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) with an Outperform rating and a 155p price target that implies upside of 55%. The broker expects production to rise about 30% to 350,000 ounces annually by FY30, led by Tennant Creek in Australia, which it sees reaching around 100,000 ounces. EBITDA is forecast to climb to $1.2 billion...
