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Reuters
DoorDash forecasts quarterly order value above estimates
May 6 (Reuters) - DoorDash on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand and the online delivery firm's expansion across grocery, retail and international markets. Shares of the company were up 10% in extended trading.
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Reuters
Duolingo's growth outlook moderates as it prioritizes engagement over monetization
By Akash Sriram May 4 (Reuters) - Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritizes user engagement and product improvements over near-term monetization.
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Reuters
Instacart sees key quarterly sales metric above estimates on strong demand
By Neil J Kanatt May 6 (Reuters) - Instacart forecast second‑quarter gross transaction value largely above Wall Street expectations on Wednesday, betting on strong demand for its online grocery delivery services.
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Reuters
Alphabet closes in on Nvidia's spot as world's biggest company
By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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Reuters
US SEC proposes allowing public companies to opt out of quarterly earnings reports
By Suzanne McGee, Douglas Gillison and Anirban Sen WASHINGTON, May 5 (Reuters) - Wall Street's top regulator on Tuesday proposed ending quarterly earnings reporting requirements for U.S.-traded companies and allowing them to switch to twice-annual reports.
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Reuters
Uber forecasts strong second-quarter bookings despite Middle East woes
May 6 (Reuters) - Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.
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Reuters
Kraft Heinz tops US sales estimates as CEO Cahillane's turnaround efforts take root
May 6 (Reuters) - Kraft Heinz Co exceeded first-quarter sales estimates on Wednesday as demand improved in its U.S. business under new CEO Steve Cahillane's focus on reviving sales at the ketchup maker. Shares of the company rose about 4% in premarket trading.
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Reuters
Skyworks Solutions forecasts higher revenue on strong chip demand
May 5 (Reuters) - Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong demand for its radio-frequency chips used in premium smartphones. Shares of the Irvine, California-based company rose more than 1% in extended trading.
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Reuters
Trading Day: Rarified AIr
By Jamie McGeever ORLANDO, Florida, May 5 (Reuters) - The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.
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Reuters
Vertex tops profit estimates as sales of new cystic fibrosis drug surge
May 4 (Reuters) - Vertex Pharmaceuticals on Monday beat Wall Street estimates for first-quarter adjusted profit, helped by a near eight-fold surge in sales of its new cystic fibrosis treatment.
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Reuters
DuPont lifts forecast as price hikes offset Iran war-driven costs
By Pooja Menon May 5 (Reuters) - Industrial materials maker DuPont raised its annual profit and sales forecasts on Tuesday after beating first-quarter estimates, as price increases helped offset higher input costs driven by the U.S. and Israel's war with Iran.
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Reuters
US stock futures mixed as Middle East risks remain in focus
May 4 (Reuters) - U.S. stock index futures were mixed on Monday, pointing to a cautious start to the week as investors assessed the growing U.S.-Iran standoff over the Strait of Hormuz, the crucial oil shipping route that remains shut.
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