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Snowflake’s growth story is worryingly typical

BREAKINGVIEWS-Snowflake’s growth story is worryingly typical The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pranav Kiran TORONTO, May 23 (Reuters Breakingviews) - Investors in data software firm Snowflake SNOW.N are partying like it’s 2021. The company’s revenue is growing, thanks to how it helps clients organize data to train artificial intelligence models.
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S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change First Solar Inc FSLR.OQ +17.5% Moderna Inc MRNA.OQ +13.6% Analog Devices Inc ADI.OQ +8.9% Enphase Energy Inc ENPH.OQ +8.5% Electronic Arts Inc EA.OQ +4.5% Bottom Performers Percent Change Lululemon Athletica Inc LULU.OQ -8.3% Target Co
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Moderna Inc MRNA.OQ +9.4% Analog Devices Inc ADI.OQ +8.6% ON Semiconductor Corp ON.OQ +4.0% Electronic Arts Inc EA.OQ +3.9% Microchip Technology Inc MCHP.OQ +3.5% Bottom Performers Percent Change Lululemon Athletica Inc LULU.OQ -6.1% Tesla Inc TSLA.OQ -3.3% Baker Hughes Co BKR.OQ -3.0% Sirius XM Holdings Inc SIRI.OQ -2.8% PayPal Holdings Inc PYPL.OQ -2.5% The Nasdaq 100 .NDX gaine
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change PDD Holdings Inc PDD.OQ +3.3% Starbucks Corp SBUX.OQ +2.6% Tesla Inc TSLA.OQ +2.4% Advanced Micro Devices Inc AMD.OQ +2.3% CrowdStrike Holdings Inc CRWD.OQ +1.8% Bottom Performers Percent Change Dollar Tree Inc DLTR.OQ -2.6% Cognizant Technology Solutions Corp CTSH.OQ -2.1% Warner Bros Discovery Inc WBD.OQ -1.9% Lam Research Corp LRCX.OQ -1.8% Electronic Arts Inc EA.OQ -1.7% The N
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Take-Two expects 'GTA VI' launch in fall 2025, cuts bookings forecast

UPDATE 3-Take-Two expects 'GTA VI' launch in fall 2025, cuts bookings forecast Adds analyst comment in paragraph 8 & 11, company comment from conference call in paragraph 10 By Zaheer Kachwala May 16 (Reuters) - Take-Two Interactive Software TTWO.O tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of "Grand Theft Auto VI" in the fall of calendar 2025. Shares of the New York-based company fell 2.5% in extended trading.
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Akamai Technologies forecasts weak second-quarter results, shares slump

Akamai Technologies forecasts weak second-quarter results, shares slump May 9 (Reuters) - Akamai Technologies AKAM.O forecast second-quarter revenue and profit below Wall Street estimates on Thursday, anticipating weak demand for its content delivery services amid concerns of slowing traffic growth. Shares of the Cambridge, Massachusetts-based company, which also provides cloud computing and security solutions, fell about 9% in aftermarket trading.
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Roblox tumbles on downbeat forecasts, results

BUZZ-Roblox tumbles on downbeat forecasts, results ** Shares of gaming platform Roblox RBLX.O tumble 29.3% to $27.60 premarket ** Co sees FY24 bookings between $4 bln and $4.10 bln, down from prior forecast of $4.14 bln and $4.28 bln ** Forecasts FY24 revenue between $3.45 bln and $3.53 bln, below Wall Street view of $4.19 bln - LSEG data ** Co exp
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Roblox forecast cut adds to videogame gloom, shares fall most in two years

UPDATE 2-Roblox forecast cut adds to videogame gloom, shares fall most in two years Rewrites throughout, updates shares, adds analyst comments in paragraphs 13, 14 By Zaheer Kachwala May 9 (Reuters) - Roblox RBLX.N cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.
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Roblox cuts annual bookings forecast on muted player spending

Roblox cuts annual bookings forecast on muted player spending By Zaheer Kachwala May 9 (Reuters) - Roblox RBLX.N cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios this year to cope with declining demand.
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Constellation Energy Corp CEG.OQ +3.6% Datadog Inc DDOG.OQ +3.5% Vertex Pharmaceuticals Inc VRTX.OQ +2.6% Charter Communications Inc CHTR.OQ +2.2% Amgen Inc AMGN.OQ +1.9% Bottom Performers Percent Change Zscaler Inc ZS.OQ -4.0% Electronic Arts Inc EA.OQ -3.6% Trade Desk Inc TTD.OQ -3.6% Atlassian Corp TEAM.OQ -2.9% PayPal Holdings Inc PYPL.OQ -2.8% The Nasdaq 100 .NDX lost 7.12 po
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Electronic Arts Inc reports results for the quarter ended in March - Earnings Summary

Electronic Arts Inc reports results for the quarter ended in March - Earnings Summary Electronic Arts Inc EA.OQ reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.78. The mean expectation of twenty two analysts for the quarter was for earnings of $1.52 per share.
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EA falls after co forecast annual bookings below estimates

BUZZ-EA falls after co forecast annual bookings below estimates ** Shares of video game publisher Electronic Arts EA.O fall 3.4% at $125.7 in extended trading ** Co forecast fiscal 2025 bookings between $7.30 bln to $7.70 bln vs ests of $7.76 bln - LSEG data ** EA reported Q4 bookings of $1.67 bln vs ests of $1.77 bln ** Co expects Q1 bookings in t
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Electronic Arts forecasts annual bookings below estimates as gamers cut spending

UPDATE 3-Electronic Arts forecasts annual bookings below estimates as gamers cut spending Updates shares, adds analyst comment in paragraph 4,10 By Zaheer Kachwala May 7 (Reuters) - Video game publisher Electronic Arts EA.O forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an uncertain economic outlook.
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Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation

Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation May 7 (Reuters) - Video game publisher Electronic Arts EA.O forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as "FC 24" and "Madden NFL 24" amid an uncertain economic outlook. The Redwood City, California-based company also authorized a new three-year stock buyback plan totaling $5 billion.
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PREVIEW: Electronic Arts edges down; results due after the bell

BUZZ-PREVIEW: Electronic Arts edges down; results due after the bell ** Shares of Electronic Arts EA.O were inching lower in afternoon trading Tues ahead of the video game company's quarterly results due after the closing bell ** EA is expected to report a decrease in rev to $1.77 bln from $1.95 bln in the yr ago, and to post earnings of $1.52/shr
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Cooler US takes edginess off markets, UBS jumps

MORNING BID AMERICAS-Cooler US takes edginess off markets, UBS jumps A look at the day ahead in U.S. and global markets from Mike Dolan World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit growth remains brisk. The April miss on new payrolls and the sight of annual wage growth ebbing below 4% have been enough to switch the narrative back to a Federal Reserve which is on hold for now, rather than one that may even consider
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What to Watch in the Day Ahead - Tuesday, May 7

What to Watch in the Day Ahead - Tuesday, May 7 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Analysts expect Disney's quarterly revenue to grow by 1% in the quarter ended March.
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Electronic Arts Inc <EA.OQ> expected to post earnings of $1.52 a share - Earnings Preview

Electronic Arts Inc expected to post earnings of $1.52 a share - Earnings Preview Electronic Arts Inc EA.OQ EA.O is expected to show a fall in quarterly revenue when it reports results on May 7 for the period ending March 31 2024 The Redwood City California-based company is expected to report a 8.9% decrease in revenue to $1.772 billion from $1.95 billion a year ago, according to the mean estimate from 19 analysts, based on LSEG data.The company's guidance on January 30 2024, for the period ende
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What to Watch in the Week Ahead and on Monday, May 6

What to Watch in the Week Ahead and on Monday, May 6 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Spirit Airlines will be reporting its first-quarter results.
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Tencent Partners With Mercedes-Benz And Electronic Arts, To Bring New 'Need For Speed' Mobile To Chinese Market

BRIEF-Tencent Partners With Mercedes-Benz And Electronic Arts, To Bring New 'Need For Speed' Mobile To Chinese Market April 30 (Reuters) - Tencent Holdings Ltd 0700.HK : TENCENT: PARTNERS WITH MERCEDES-BENZ AND ELECTRONIC ARTS, TO BRING NEW 'NEED FOR SPEED™' MOBILE TO CHINESE MARKET Source text for Eikon: ID:nPn7K2zVba Further company coverage: 0
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