The Marked Chart Wire · Business
Teladoc
Teladoc Health beats estimates on quarterly earnings
Teladoc Health reported an EPS of -0.21 and revenue of $590.09 million. The company exceeded analyst expectations for both metrics.
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META launches $37.5 billion dual stock offering
Meta Platforms issued $12.5 billion in mandatory convertible preferred stock and $25 billion in Class A common shares. The preferred shares carry a 6.50 percent annual dividend and will convert in 2029.
HotEarnings
Microsoft and Carvana beat estimates as Google and Fortinet fall
Microsoft and Carvana shares rose after earnings beats, while Google and Fortinet dropped on revenue or margin misses. Sprouts and ServiceNow also declined following weaker results.
HotMarvell Lumentum
Marvell reportedly nearing deal to acquire Lumentum
Marvell Technology is said to be in late-stage negotiations to purchase Lumentum Holdings, according to reports.
DoorDash Instacart
DoorDash reportedly in talks to buy Instacart for $17 billion
Sources say DoorDash is in advanced negotiations to acquire Instacart in a deal valued at approximately $17 billion. Instacart shares rose 4 percent in after-hours trading on the news.
HotEarnings
Fortinet, ServiceNow, and Sprouts shares drop after earnings
Stocks of Fortinet, Sprouts Farmers Market, and ServiceNow fell sharply in after-hours trading. Alphabet shares also declined following weaker than expected revenue and profit figures.
Chipotle
Chipotle Q3 profit falls as costs rise despite sales growth
Chipotle reported third-quarter revenue of $3.3 billion, up 9.6 percent, but adjusted earnings per share dropped to $0.27. The company maintained its full-year guidance for low single-digit comparable sales growth.
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