Duolingo Jumps on Robust Earnings, Boosted Outlook
9 minutes in the past
Shares of Duolingo (DUOL) soared Thursday, a day after the language-learning platform simply beat revenue and gross sales estimates and boosted its outlook on sturdy person progress.
The corporate reported second-quarter adjusted earnings per share of $0.91 on income that rose 41% to $252.3 million. Analysts surveyed by Seen Alpha anticipated $0.58 and $240.8 million, respectively.
Complete bookings elevated 41%, and common day by day energetic customers jumped 40% to 47.7 million. Paid subscribers have been up 37% to 10.9 million.
CEO Luis von Ahn mentioned the outcomes have been pushed by “product-led progress, a pleasant studying expertise, and quick iteration.” He defined that Duolingo “made actual progress this quarter on initiatives that we imagine will gas the long-term success of our enterprise.”
The corporate now sees its full-year reserving enlargement at 32.0% to 32.9%, up from the earlier outlook of 28.4% to 29.4%. It anticipates adjusted EBITDA of $288.1 million to $295.5 million from a previous vary of $271.4 million to $283.9, and it sees income of $1.011 billion to $1.019 billion, versus the sooner forecast of $987 million to $996 million.
Duolingo shares closed 14% greater, after surging greater than 35% early within the session. The inventory is now up about 21% because the begin of 2025.
–Invoice McColl
Why Crocs Inventory Misplaced a Quarter of Its Worth Immediately
1 hr 50 min in the past
Shares of Crocs misplaced greater than 1 / 4 of their worth Thursday after the maker of brightly coloured clogs mentioned it expects tariffs to harm current-quarter outcomes.
The Broomfield, Colo.-based footwear agency reported adjusted earnings per share of $4.23, whereas analysts surveyed by Seen Alpha had anticipated $4.05. Income elevated greater than 3% year-over-year to $1.15 billion, matching expectations.
Nevertheless, Crocs didn’t present a full-year outlook, “given the continued uncertainty from evolving world commerce coverage and associated pressures across the client,” and mentioned it sees third-quarter income down 9% to 11%, under expectations. Crocs mentioned its working margin would possible be negatively impacted by tariffs.
“The present working surroundings is unsure and difficult to foretell,” CEO Andrew Rees mentioned. “In opposition to this, now we have chosen to concentrate on managing bills together with the $50 million in value financial savings now we have already applied, lowering our stock receipts, and pulling again on promotional exercise to guard model well being within the market. Though these actions will impression the topline of our enterprise within the quick time period, they are going to place our enterprise to win, drive margin {dollars}, and assist continued money movement technology long run.”
Crocs shares have been down 28% Thursday afternoon to $77.75. In the event that they finish the session at that worth, it might be their lowest end since Nov. 3, 2022, when the inventory closed at $76.60.
–Aaron Rennie
House Tech Agency Firefly’s Inventory Pops in Buying and selling Debut
2 hr 15 min in the past
Shares of Firefly Aerospace (FLY), an area tech firm that counts the federal government’s House Drive amongst its main shoppers, soared of their debut on the Nasdaq Thursday.
The inventory final traded arms round $62, up 38% from its preliminary public providing worth at $45 per share, which was above its anticipated vary of $41 to $43, and had been revised up from an preliminary $35 to $39.
Firefly offered greater than 19 million shares within the providing, elevating roughly $868 million in proceeds. That will give it a market capitalization of over $9 billion, based mostly on the variety of shares excellent listed in a regulatory submitting. The corporate mentioned it plans to make use of the proceeds partially to pay down debt.
Firefly, which claims to be the primary business agency to “obtain a totally profitable soft-landing on the Moon” with its Blue Ghost lander in March, says Lockheed Martin (LMT), Northrop Grumman (NOC), and L3Harris (LHX) are additionally amongst its high-profile clientele, together with the federal government’s House Drive.
Firefly CEO Jason Kim speaks in the course of the firm’s IPO on the Nasdaq on Thursday.
Michael Nagle / Bloomberg / Getty Pictures
The area tech firm posted first-quarter income of $55.9 million, greater than six instances its gross sales in the identical interval a yr earlier and almost as a lot because it reported in all of 2024 at $60.8 million, in accordance with its prospectus submitting. Nevertheless, it has but to show a revenue, with a first-quarter internet lack of $60.1 million.
Firefly’s launch comes after a sequence of sturdy IPOs this yr, together with these of design software program maker Figma (FIG) final week, and stablecoin issuer Circle’s (CRCL) in June.
–Kara Greenberg
Why Chip Shares Are Rising Regardless of 100% Tariff Risk
3 hr 16 min in the past
Chip shares rose on Thursday, the day after President Donald Trump mentioned corporations that manufacture within the U.S. or have dedicated to doing so will likely be exempt from 100% semiconductor tariffs.
“We’ll be placing a tariff of roughly 100% on chips and semiconductors. However should you’re constructing in the USA of America, there’s no cost,” Trump mentioned throughout a White Home press convention Wednesday afternoon. The tariffs have been disclosed alongside Apple (AAPL) CEO Tim Prepare dinner, who appeared with Trump to announce plans to speculate $100 billion in U.S. manufacturing, on high of the $500 billion dedicated earlier this yr.
President Trump’s off-the-cuff announcement was gentle on particulars. For instance, it was unclear whether or not current commitments to fabricate in America could be adequate, or if the president desires chipmakers to make new investments to win an exemption. It additionally stays unclear whether or not the tariffs and exemptions apply to electronics that comprise semiconductors, or simply the chips themselves, in accordance with Jefferies analysts.
“We await full particulars possible within the subsequent week or so earlier than leaping to any conclusions, because it has at all times been a nasty transfer to extrapolate an excessive amount of from Trump’s phrases or social media submit[s],” mentioned Angelo Zino, senior vice chairman and fairness analyst at CFRA Analysis.
Nonetheless, traders appeared to suppose Wednesday’s announcement eliminated a big overhang for semiconductor shares. The PHLX Semiconductor Index (SOX) was up 1.2% in latest buying and selling. AI chip giants Nvidia (NVDA) and Broadcom (AVGO) have been not too long ago each up about 0.5%, although down from their earlier highs, whereas competitor Superior Micro Gadgets (AMD) jumped 5%. Contract chip producer Taiwan Semiconductor Manufacturing Co. (TSM) additionally superior 5%, and manufacturing tools maker Utilized Supplies (AMAT) rose greater than 2%.
“From a excessive stage, the 100% headline quantity appears intimidating, however in observe we anticipate a a lot decrease impression,” wrote Financial institution of America Securities analysts in a be aware on Wednesday.
U.S.-based corporations with home manufacturing capability, comparable to Intel (INTC), Micron (MU), and Texas Devices (TXN), shouldn’t be affected by the tariffs, in accordance with Citigroup analysts. And fabless chip designers, together with giants Nvidia, AMD, Broadcom, and Qualcomm (QCOM), also needs to be capable of keep away from the tariffs by contracting with main foundries like TSMC, Samsung, and GlobalFoundries (GFS), all of which have U.S. manufacturing services.
“If Taiwan Semi does get a full exemption … it might bode effectively for the broader tech semiconductor/{hardware} ecosystem and our constructive stance on the area,” Zino of CFRA mentioned.
Even European semiconductor corporations with no U.S. presence are anticipated to be spared the 100% levy. The EU-U.S. commerce deal introduced late final month capped semiconductor tariffs at 15% and assured zero-for-zero tariffs for semiconductor tools makers like Netherlands-based ASML (ASML).
European Fee spokesperson Olof Gill on Thursday reportedly mentioned the Trump administration had assured that the 15% cap established by the commerce deal wouldn’t be overwritten by different tariffs.
–Colin Laidley
Peloton Inventory Unstable After Shock Revenue, Layoff Information
4 hr 19 min in the past
Shares of Peloton Interactive (PTON) swung wildly Thursday after the related health firm mentioned it swung to a shock fiscal fourth-quarter revenue and introduced a restructuring plan that features layoffs.
Peloton, recognized for its stationary bikes and different train tools, reported a GAAP revenue of 5 cents per share when a lack of 5 cents per share was anticipated by analysts surveyed by Seen Alpha. Income of $606.9 million fell 6% year-over-year however topped estimates.
“Our working bills stay too excessive, which hinders our capability to put money into our future,” CEO Peter Stern wrote in a shareholder letter. “Immediately, we’re launching a price restructuring plan meant to realize at the least $100 million of run-rate financial savings by the tip of FY26 by lowering the dimensions of our world staff, paring again oblique spend, and relocating a few of our work. This isn’t a call we got here to flippantly, because it impacts many gifted staff members, however we imagine it’s mandatory for the long-term well being of our enterprise.”
For fiscal 2026, Peloton sees income of $2.4 billion to $2.5 billion, with the midpoint above consensus estimates.
Peloton shares superior as a lot as 14% this morning however have been down about 2% not too long ago.
–Aaron Rennie
Has Apple Cracked the Code on Avoiding Tariffs?
4 hr 59 min in the past
If there’s a playbook corporations can comply with to keep away from extra tariffs, Apple (AAPL) could have discovered it.
President Donald Trump mentioned yesterday that the iPhone maker and different corporations prefer it may very well be exempt from future semiconductor tariffs, based mostly on its latest investments in U.S. manufacturing, in a serious win for Apple after a troublesome begin to the yr dogged by worries about tariffs and its progress in AI.
“The excellent news for corporations like Apple is should you’re constructing in the USA or have dedicated to construct—with out query dedicated to construct in the USA, there will likely be no cost,” Trump mentioned yesterday, after Apple CEO Tim Prepare dinner joined the president on the White Home to announce a $100 billion pledge to put money into U.S. manufacturing, including to a $500 billion funding introduced in February.
President Trump and Apple CEO Tim Prepare dinner within the Oval Workplace on Wednesday.
Demetrius Freeman / The Washington Put up / Getty Pictures
The transfer will see Apple making extra of its elements domestically, although it stopped wanting promising full-fledged manufacturing stateside, suggesting corporations don’t really want to maneuver all of their operation to the U.S. to win related exemptions.
Prepare dinner additionally isn’t the one main tech CEO who’s managed to attain some concessions from the Trump administration after a high-profile go to to the White Home.
Nvidia (NVDA) CEO Jensen Huang, who reportedly met with Trump yesterday as effectively, has made quite a few visits to the White Home up to now few months, with some indicators of success in profitable Trump’s favor. The chipmaker mentioned final month that it’s trying ahead to acquiring approvals to renew gross sales of key AI chips to China, after Trump tightened export restrictions earlier this yr, citing nationwide safety considerations.
Shares of Apple have been up about 3% at $189 in latest buying and selling, extending yesterday’s 5% acquire forward of the corporate’s announcement.
Wall Avenue analysts broadly cheered the transfer by Apple, with Financial institution of America analysts elevating their goal to $250 from $240, whereas JPMorgan analysts known as Prepare dinner’s strikes a “masterclass in managing geo-political uncertainty,” and reiterated their worth goal at $255.
Wedbush analysts led by longtime Apple bull Dan Ives mentioned it was a “strategic poker transfer for Prepare dinner,” and maintained their Avenue-high goal of $270.
–Kara Greenberg
Eli Lilly Shares Slide on Disappointing Drug Trial
6 hr 22 min in the past
Ely Lilly (LLY) shares sank Thursday after the pharmaceutical agency reported disappointing outcomes from a late-stage examine of its experimental weight problems capsule. The information offset Lilly’s sturdy quarterly outcomes.
The inventory was down 14% not too long ago, buying and selling at its lowest stage since early final yr.
With right this moment’s steep decline, Eli Lilly shares have misplaced 17% of their worth thus far in 2025.
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The corporate mentioned in a Section 3 trial, sufferers taking a 36 milligram dose of its oral GLP-1 drug, orforglipron, with out meals and water restrictions confirmed a mean weight lack of 12.4%, or 27.3 kilos, in a 72-week interval. That is under the 15% common weight lack of rival Novo Nordisk’s (NVO) Wegovy injectable remedy. Some on Wall Avenue have been in search of orforglipron to come back in nearer to that stage.
In an interview with CNBC, Lilly CEO David Ricks argued that the corporate wasn’t upset with the outcomes despite the fact that they have been “one or two factors under what (the) Avenue had.” Ricks added the objective was to create a capsule that was handy to take, may very well be made on an enormous scale, and would supply weight reduction that was aggressive with different GLP-1 medicines, “and that is what we have achieved.”
The corporate mentioned it plans to hunt regulatory approval of orforglipron by the tip of the yr.
Together with the orforglipron announcement, Lilly launched its second-quarter monetary knowledge Thursday, reporting adjusted earnings per share of $6.31, with income up 38% year-over-year to $15.56 billion. Each exceeded Seen Alpha forecasts by a large margin.
The beneficial properties got here from hovering demand for its present weight-loss drug, Zepbound, which had a 172% leap in gross sales to $3.38 billion. Gross sales of one other GLP-1, Mounjaro, used to deal with each weight problems and Kind-2 diabetes, have been up 68% to $5.20 billion.
Lilly raised its full-year adjusted EPS vary to $21.75 to $23.00, in comparison with the sooner estimate of $20.78 to $22.28. It sees income of $60 billion to $62. billion, versus the earlier outlook of $58 billion to $61 billion.
–Invoice McColl
Intel Shares Slip as Trump Requires CEO to Step Down
7 hr 18 min in the past
Intel (INTC) shares fell in early buying and selling Thursday after President Donald Trump known as for brand spanking new CEO Lip-Bu Tan’s resignation.
“The CEO of INTEL is extremely CONFLICTED and should resign, instantly,” Trump wrote on his Fact Social community. “There isn’t any different answer to this downside.”
Earlier this week, Sen. Tom Cotton (R-Ark.) despatched a letter to Intel Chairman Frank Yeary wherein he wrote that “Mr. Tan reportedly controls dozens of Chinese language corporations and has a stake in a whole bunch of Chinese language advanced-manufacturing and chip companies. No less than eight of those corporations reportedly have ties to the Chinese language Folks’s Liberation Military.”
Lip-Bu Tan at an Intel occasion in April.
Andrej Sokolow / Image Alliance / Getty Pictures
Tan previously was CEO at Cadence Design Methods (CDNS), which not too long ago pleaded responsible in a prison case involving gross sales to China throughout his tenure.
Tan assumed the CEO position on the struggling chipmaker in March. Late final month, it was reported that Intel was seeking to spin off its networking unit because it strikes to shed belongings underneath Tan.
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Intel shares have been down about 2% in latest buying and selling. The inventory worth is close to unchanged in 2025, after shedding 60% of its worth final yr.
–Aaron Rennie
Main Index Futures Poised to Open Increased
8 hr 14 min in the past
Futures linked to the Dow Jones Industrial Common have been up 0.4%.
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S&P 500 futures rose 0.6%.
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Nasdaq 100 futures added 0.8%.
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