Articles written by Adam Eckert - Benzinga

Luminar Technologies Stock Jumps On Earnings As Company Reveals Tesla Was Biggest Customer In Q1

Luminar reported first-quarter revenue of $20.97 million, which missed the consensus estimate of $21.14 million, per Benzinga Pro. The company's top-line results were up 45% on a year-over-year basis, but down 5% sequentially. Luminar reported a first-quarter adjusted earnings loss of 19 cents per share, which beat estimates for a loss of 20 cents per share.

What's Going On With Rivian Stock Today?

Rivian reported first-quarter revenue of $1.204 billion, beating estimates of $1.163 billion, according to Benzinga Pro. The EV maker reported a first-quarter earnings loss of $1.48 per share, missing estimates for a loss of $1.25 per share.

Tesla Stock Is Sliding Wednesday: What's Going On?

The Justice Department is examining certain statements made by Tesla and CEO Elon Musk about the company's full self-driving capabilities. Prosecutors are specifically looking into potential statements suggesting Tesla vehicles can completely drive themselves. Tesla's Full Self-Driving system offers steering assist, braking and lane change assistance, but it's not a fully autonomous system and Tesla has told drivers to remain ready to take over control of the vehicle when using the systems.

Twilio Stock Is Trading Lower Wednesday: What's Going On?

Twilio said first-quarter revenue was up 4% year-over-year to $1.05 billion, which beat the consensus estimate of $1.03 billion. The cloud-based customer engagement company reported quarterly earnings of 80 cents per share, which beat analyst estimates of 60 cents per share, according to Benzinga Pro.

Toast Stock Pops On Q1 Earnings: 'We Are Positioned For Durable Growth And Ongoing Margin Expansion'

Toast reported first-quarter financial results Tuesday after the close, beating analyst estimates for revenue as Annualized recurring run-rate (ARR) grew 32% to $1.3 billion.

Twilio Q1 Earnings: Revenue Beat, EPS Beat, Buyback Update And More

Twilio's first-quarter revenue increased 4% year-over-year to $1.05 billion, which beat the consensus estimate of $1.03 billion, according to Benzinga Pro.

Upstart Q1 Earnings: Revenue Beat, EPS Beat, Targeting Positive EBITDA In 2024 And More

Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart's top-line results were up 24% year-over-year, but down 9% sequentially. The cloud-based AI lending platform company reported an adjusted loss of 31 cents per share, which beat analyst estimates for a loss of 39 cents per share.

George Soros' Ex-Employee Just Sold A Large Nvidia Stake: DruckenMiller Says It Was A 'Hell Of A Run'

Billionaire investor Stanley Druckenmiller, who runs Duquesne Family Office, has tapped the brakes on his Nvidia investment as he believes the artificial intelligence revolution has gone too far too fast.

Apple Stock Is Getting A Boost From AI Today: What's Going On?

Apple shares are trading higher Tuesday following a report suggesting the company is working on AI chips for data centers.

What's Going On With Lucid Stock Tuesday?

Lucid reported first-quarter revenue of $172.8 million, which beat the consensus estimate of $156.99 million, according to Benzinga Pro. The EV maker reported an adjusted loss of 30 cents per share, which missed estimates for a loss of 25 cents per share.

Palantir Stock Is Falling Tuesday: What's Going On?

Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million, according to Benzinga Pro. Palantir reported adjusted earnings of 8 cents per share, which was in line with analyst estimates. The company has now delivered six straight quarters of GAAP profitability.

Cannabis Stocks Retreat On New Rescheduling Order Developments: What's Going On?

The DEA was expected to move forward with its plans this week to remove cannabis as a Schedule 1 drug, where it currently sits alongside heroin and LSD, but new reports suggest the proposal has stalled.

Palantir Q1 Earnings: Revenue Beat And Raise, US Commercial Growth, Continued GAAP Profitability And More

Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million. Palantir reported adjusted earnings of 8 cents per share, which was in line with analyst estimates. The company has now delivered six straight quarters of GAAP profitability.

What's Going On With DraftKings Stock Monday?

DraftKings shares are trading higher Monday following positive analyst coverage from multiple analyst firms. The price target increases come on the heels of DraftKings' first-quarter financial results.

Why Lilium Stock Is Taking Off Today

All-electric vertical take-off and landing jet company Lilium announced a new partnership with UrbanLink to operate Lilium Jets in South Florida. Under the agreement, UrbanLink will purchase 20 Lilium Jets, with scheduled pre-delivery payments, and become the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.

Bitcoin Mining Stocks Are Moving Higher Monday: What's Going On?

Following several days of net outflows, spot bitcoin ETFs reversed the trend last week and saw net inflows of approximately $378 million on Friday as bitcoin bounced off of recent lows and began moving higher.

What's Going On With Palantir Stock Monday?

Palantir is due to report first-quarter financial results after the market close on Monday. The company is expected to report earnings of 8 cents per share on quarterly revenue of $625.431 million, according to Benzinga Pro.

Carvana Stock Jumps On Q1 Earnings: Revenue Beat, Vehicles Sold Up 16%, Strong Guidance And More

Carvana reports first-quarter revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion, according to Benzinga Pro.

Etsy Q1 Earnings: Revenue Miss, EPS Miss, 'Challenging Macroeconomic Environment'

Etsy reports first-quarter revenue of $645.954 million, which missed the consensus estimate of $646.33 million, according to Benzinga Pro. The company reported quarterly earnings of 48 cents per share, which missed estimates of 49 cents per share.

Pinterest Stock Is Rising Wednesday: What's Happening?

Total revenues increased nearly 23% on a year-over-year basis. Pinterest's global monthly active users increased 12% year-over-year to an all-time high of 518 million. Average revenue per user grew 10% year-over-year to $1.46.