All articles tagged with #stock plunge
Duolingo's stock dropped 27% after issuing lighter-than-expected guidance, as the company shifts focus towards long-term user growth and invests heavily in AI-driven features, despite beating revenue and subscriber growth estimates in the recent quarter.
e.l.f. Beauty's stock dropped 29% after its full-year guidance fell short of expectations, impacted by tariffs and the integration of its acquisition Rhode, which is expected to significantly boost sales but has yet to meet profit forecasts.
Pinterest's stock dropped over 20% after missing Q3 earnings estimates and providing a weak Q4 revenue outlook, amid signs of moderating ad spend and market uncertainty, despite a 17% revenue growth and increased user base in Q3.
Fiserv's stock plummeted 47% after missing earnings expectations and lowering its full-year outlook, surprising analysts and raising concerns about the company's future prospects amid systemic issues across its business units.
Fiserv's shares dropped over 40% after missing earnings targets, lowering its revenue and profit forecasts, and announcing leadership changes and a move back to Nasdaq to recover from a significant decline.
Tesla's stock fell nearly 4% after Elon Musk used the company's earnings call to strongly defend his controversial $1 trillion pay package, criticizing proxy advisory firms and emphasizing shareholder influence, amid a challenging quarter with declining profits and rising costs.
Ferrari's shares dropped over 14% after the luxury carmaker revised its revenue forecasts and halved its electric vehicle sales target, citing market conditions and a client-centric approach, while unveiling its first electric model set for delivery in late 2026.
Lithium Americas' stock (LAC) experienced a significant 12% decline following an earlier epic rally, reflecting volatile investor sentiment in the lithium market.
Porsche's stock dropped over 7% after announcing delays in its electric vehicle rollout due to weakening demand and economic challenges, leading to a strategic shift towards extending combustion engine models and hybrid options, amidst broader struggles faced by European luxury carmakers competing with Chinese brands.
Trade Desk's stock (TTD) dropped 12% in a single day, likely due to market factors or company-specific news, reflecting a significant decline in investor confidence or market valuation.
Lululemon's shares fell over 10% after the company issued a significantly lower full-year earnings forecast, citing tariffs impacting profits and missing revenue expectations despite beating earnings estimates in Q2. The company projects weaker revenue and earnings for the upcoming quarter, leading to a more than 45% decline in stock value this year.
Marvell Technology's stock dropped 18.6% due to a weak outlook overshadowing recent AI gains, indicating investor concerns about future performance.
Marvell Technology's stock declined after its strong second-quarter results were overshadowed by cautious third-quarter guidance, leading Wall Street to revise down its near-term growth forecasts amid mixed signals of ongoing demand in AI and enterprise markets.
Cava Group's stock dropped 22% after missing second-quarter revenue expectations and lowering its full-year same-store sales growth forecast to 4-6%, citing a revenue shortfall despite increased restaurant openings and earnings beat. The company opened 16 new locations in the quarter and plans to open up to 70 this year, raising pre-opening cost estimates but maintaining its EBITDA outlook.
C3.ai's stock dropped 30% after missing revenue estimates by 33%, with preliminary revenue of around $70.3 million, significantly below analyst expectations, due to restructuring and CEO health issues, leading to a downgrade by DA Davidson.