Earnings live: Block stock surges over 20% after Jack Dorsey cuts nearly half of staff, Dell stock jumps

2026년 2월 27일 · Unknown · financial · 출처 Yahoo Finance

Fourth quarter earnings season is entering its final stretch.

Earnings from Nvidia (NVDA) marked the final company among the "Magnificent Seven" tech stocks to report quarterly results.

This report offered a crucial update on how demand for its high-tech AI chips — a big part of the hundreds of billions of dollars its Big Tech peers are spending on AI investments — continues to shape up. But concerns about increased competition and the drivers underpinning Nvidia's strong forecast overshadowed the company's beat and raise, sending shares 5% lower on Thursday.

Other key results this week include reports from Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY), with the latter currently locked in a duel with Netflix to acquire the former.

Salesforce (CRM), Home Depot (HD), and Lowe's (LOW) will also be among the notable companies expected to report in the coming week.LIVE228 updates

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12 mins ago

Grace O'Donnell

Block stock soars after Jack Dorsey goes all-in on AI, cuts nearly half of workforce

Block (XYZ) shares surged more than 22% in extended trading after Jack Dorsey announced the payments company would lay off nearly half of its staff as part of a major bet in artificial intelligence that came alongside the release of its fourth quarter earnings report.

"Today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation," Dorsey wrote in a post on X.

"Something has changed," Dorsey wrote, framing the decision as a risk intended to position the company for long-term growth. He cited new artificial intelligence tools that can automate work as the reason for the shift, noting that AI is "enabling a new way of working which fundamentally changes what it means to build and run a company."

In the fourth quarter, Block reported adjusted earnings per share of $0.65, in line with Wall Street estimates. Revenue of $6.25 billion slightly beat expectations of $6.21 billion, according to S&P Global Market Intelligence.

Block also raised its full-year guidance. The company, which supports the CashApp and Square platforms, said it expects gross profit growth of 18% year over year in 2026 and adjusted operating income of $3.20 billion or 26% margin

5 mins ago

Grace O'Donnell

Intuit expects profit below estimates on higher marketing spend during US tax season

Intuit (INTU) stock fell about 2.5% in after-hours trading as the company's fiscal third quarter profit forecast disappointed investors.

The third quarter is usually Intuit's strongest, as more users turn to the company for tax help; however, the company said it expects to spend more on marketing to attract customers to its tools, such as TurboTax.

Reuters reports:

Read more here. 27 mins ago

Iris Winslow

CoreWeave beats quarterly revenue estimates on strong AI-related demand

Reuters reports:

Read more here. 30 mins ago

Bex Evans

Dell forecasts fiscal 2027 revenue above estimates on rising AI server demand

Reuters reports:

Read more here. Today at 1:42 PM UTC

Grace O'Donnell

Nutanix shares gallop higher on strong earnings, AMD investment

Cloud computing provider Nutanix (NTNX) reported strong earnings and announced a multiyear deal with AMD (AMD) on Wednesday, sending the stock more than 15% higher in premarket trading on Thursday.

For the fiscal second quarter, Nutanix reported adjusted earnings per share of $0.56 for the quarter on revenue of $722.8 million. Wall Street analysts were looking for earnings per share of $0.44 on $709.7 million in revenue, according to S&P Global Market Intelligence.

For the full year, Nutanix said it expects revenue of $2.80 billion to $2.84 billion and a non-GAAP operating margin of 21% to 22%.

Nutanix's new multiyear partnership with AI chipmaker AMD also boosted shares on Thursday as the two companies seek to develop a platform for enterprise agentic AI. AMD said it will invest $250 million in Nutanix shares and joint R&D and go-to-market efforts, and the equity investment is expected to close in the second quarter of 2026.

AMD stock slid 1.5% following the announcement and earnings from its rival Nvidia (NVDA).

Read more here. Today at 1:06 PM UTC

Jenny McCall

Bitcoin miner tied to Trump family pummeled by crypto crash

American Bitcoin (ABTC), which is backed by two of President Trump's sons, reported a $59 million loss in its fourth quarter earnings on Thursday. The results have come amid a stock and crypto sell-off, wiping out almost 90% of the firm's market value since September. The company's stock price rose 3% before the bell today following the news.

Bloomberg News reports:

Read more here. Today at 1:05 PM UTC

Grace O'Donnell

Celsius surges on strong fourth-quarter revenue beat

Shares of Celsius Holdings (CELH) jumped more than 12% in premarket trading on Thursday after the energy drink maker reported better-than-expected fourth quarter earnings as its acquisitions of Rockstar Energy and Alani Nu drove momentum in the business.

Investing.com reports:

Read more here. Today at 12:54 PM UTC

Grace O'Donnell

Stellantis reports massive $26.3 billion loss but improving second half results as turnaround slowly begins

Yahoo Finance's Pras Subramanian reports:

Read more here. Today at 12:50 PM UTC

Jenny McCall

J.M. Smucker stock rises after Q3 earnings beat, but issues weaker full-year sales outlook

J.M. Smucker (SJM) stock rose 7% before the bell on Thursday after third quarter earnings beat analyst expectations. The company did, however, report a weaker full-year sales outlook, citing a recent fire at one of its manufacturing facilities.

AP reports:

Read more here. Today at 12:03 PM UTC

Jenny McCall

Qnity forecasts upbeat full-year earnings as AI boom boosts demand

Reuters reports:

Read more here. Wed, February 25, 2026 at 10:58 PM UTC

Grace O'Donne…