Wayfair Retests 52-Week Highs After Strong Q4

Wayfair Retests 52-Week Highs After Strong Q4

Wayfair Inc. (W) shares soared nearly 30% Friday morning after the e-commerce company reported better-than-expected fourth quarter financial results. Revenue rose 39.6% to $2.01 billion, beating consensus estimates by $40 million, and non-GAAP net losses came in at...
Roku Surges to 3-Month High After Raising Guidance

Roku Surges to 3-Month High After Raising Guidance

Entertainment upstart Roku, Inc. (ROKU) is trading more than 13% higher on Friday morning after beating profit and revenue estimates in Thursday evening’s fourth quarter release. The company expects to report in-line first quarter revenues, but Roku raised...
Kraft Heinz in Freefall After Nightmare Quarter

Kraft Heinz in Freefall After Nightmare Quarter

Shares of The Kraft Heinz Company (KHC) got crushed overnight, dropping more than 20% after missing fourth quarter estimates, disclosing an investigation by the SEC into company accounting practices and slashing the quarterly dividend by 36%. The news struck like a...
How Pinterest Makes Money

How Pinterest Makes Money

Reports by CNBC in late July, 2018 suggested that social media website Pinterest could finally be living up to its hype. Founded in 2010, the company has been the recipient of VC funding from firms like Rakuten, Goldman Sachs (GS) and Andreessen Horowitz....