C3 AI switches business models and reduces sales forecast; stock plunges

C3.ai Inc. shares plunged more than 15% in after-hours trading Wednesday, after the company’s chief executive announced a changed business model and reduced annual revenue guidance. C3 AI AI, -2.23% CEO Thomas Siebel announced that the software company would now charge customers based on how much they use C3’s software, instead of requiring a specific … Read more

Kingspan 1H Pretax Profit Rose as Sales Increased 39% –Update

By Anthony O. Goriainoff Kingspan Group PLC said Friday that first-half pretax profit rose on sales and trading profit increases, and that certain pockets of activity across the group experienced a lag in its recovery effort. The Ireland-based building-and-insulation materials company said that insulated panel sales rose 39% in the period driven by raw material-led … Read more

‘Metaverse’ dating? Tinder crypto? Not in this economy, Match CEO says

Match Group Inc. shares were pummeled Tuesday after the online-dating company’s new chief executive detailed a slowdown for its most popular product, Tinder, and decided to pause newer initiatives such as Tinder-based crypto and “metaverse” dating. Match MTCH, +4.32% reported a loss of $31.86 million, or 11 cents a share, down from a profit of … Read more

Activision Blizzard reports higher-than-expected sales as Microsoft close awaited

Activision Blizzard Inc. shares ticked higher in the extended session Monday after the videogame publisher released better-than-expected revenue as sales dropped for a third straight quarter. Activision Blizzard ATVI, +0.16% shares rose 1% after hours, following a 0.2% rise to close the regular session at $80.08. The company will not be issuing an earnings presentation … Read more

Apple follows up ‘resilient’ earnings, swift iPhone sales with debt deal that could reach $6.5 billion

Apple Inc., fresh off upbeat quarterly results tied to robust iPhone sales, rolled out a four-part bond deal on Monday to raise new debt. The new deal from Apple AAPL, -0.47% could raise up to an estimated $4 billion to $6.5 billion for the technology giant through the issuance of four series of bonds with … Read more

Mattel stock turns lower as American Girl sales drop

Shares of Mattel Inc. headed more than 4% lower in the extended session Thursday after the toy maker swung to a quarterly profit that was above Wall Street expectations but saw sales of its American Girl business drop nearly 20%. Mattel MAT, +2.81% said it earned $66 million, or 18 cents a share, in the … Read more