Reported about 10 hours ago
Figma's stock dropped nearly 20% after its first earnings report as a public company, despite beating revenue expectations but failing to satisfy high Wall Street expectations. Conversely, Hewlett Packard Enterprise (HPE) exceeded revenue estimates and raised its full-year guidance, although its core margins remain soft, indicating a mixed performance. GitLab reported better-than-expected earnings but offered a disappointing outlook for the next quarter, exacerbated by a C-suite shakeup as its CFO leaves for a competitor, highlighting the ongoing competition in AI talent.
Source: YAHOO