Roku (ROKU): Shares plunged in extended trading after the company forecasted a wider-than-expected loss. Roku expects adjusted EBITDA of negative $135 million for the fourth quarter, more than three times what analysts were expecting. For the third quarter, revenue was $761.4 million, up 12% from a year ago, while average revenue per user rose 10% year-over-year to $44.25. In the earnings release, Roku outlined plans to slow hiring, writing, “We will continue to slow headcount and OpEx… Source link

Stock Market Coverage – Thursday November 3 Yahoo Finance – Yahoo Finance Source link

Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link

Etsy (ETSY) stock popped 9% in after-hours trading on Wednesday after the e-commerce company reported third-quarter revenue that beat analysts’ expectations. Here are the key figures compared to Wall Street’s expectations, compiled from Bloomberg: Revenue: $594.5 million actual versus $563.6 million expected Gross Merchandise Sales: $3 billion actual versus $2.92 billion expected Loss Per Share: -$7.62 actual versus 76 cents expected Active Buyers: 94 million actual versus 95.5 million… Source link

Android released its Google Play Games launcher beta to western audiences Tuesday, claiming you can save your progress between multiple devices.Gif: Google Are you growing tired of staring at your 5 by 2 inch screen to play Android mobile games? Well, on Tuesday, Google’s Android Developers blog announced that the company’s launching a new beta for a platform that will let users play their Android games on PC. 01:25 Randall Park’s Favorite Superheroes Monday 5:02PM The company had already… Source link

DeMar DeRozan and the Chicago Bulls host the Charlotte Hornets on Wednesday night. We have a massive 11-game slate on tap for Wednesday, which means there’s an enormous player pool to wade through. Below you’ll find some players to target and fade, and I’ve made an effort to avoid players that are obvious quality additions to your lineups. GUARDS Anfernee Simons, POR ($26) vs. MEM It’s a thrill to see Simons at this salary, especially while Damian Lillard is out. Portland has some… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Nov. 2, 2022 Social media will never be the same The world is still digesting the news that billionaire Elon Musk actually owns Twitter, but in fact, the development marks just the latest sign that social media as we know it has come to an end. Twitter and the company formerly known as… Source link

U.S. stocks were firmly higher Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market expectations — while hinting at a potential slower pace of monetary tightening ahead. The S&P 500 (^GSPC) gained 0.6%, while the Dow Jones Industrial Average (^DJI) jumped 280 points, or 0.9%. The technology-heavy Nasdaq Composite (^IXIC) was up 0.3%. “In determining the pace of future increases in… Source link

Google today announced it’s making several changes to the Google Play Store that will impact Android apps’ discoverability, how developers can market their apps to consumers and various trust and safety concerns. Most importantly, Google is now advising developers that the Play Store will begin to prioritize apps that deliver on both technical and in-app quality by promoting them in more places across the Play Store where they can be discovered by consumers. The changes hint at… Source link

This article is part of our Yahoo DFS Baseball series. The Phillies took care of business at home in Game 3 on Tuesday, giving them a 2-1 advantage in the World Series. They will have Aaron Nola on the mound for Game 4, putting them in an excellent position to potentially earn another victory. He had a stellar regular season, registering a 3.25 ERA and a 2.58 FIP. Starting for the Astros will be Cristian Javier, who had a 33.2 percent strikeout rate during the regular season. He’s… Source link