Earnings live: Block stock surges after Jack Dorsey cuts 40% of workforce, Duolingo shares drop premarket

Block (XYZ) shares surged much than 22% successful extended trading aft Jack Dorsey announced the payments institution would laic disconnected astir fractional of its unit arsenic portion of a large stake successful artificial quality that came alongside the merchandise of its 4th fourth net report.

"Today we're making 1 of the hardest decisions successful the past of our company: we're reducing our enactment by astir half, from implicit 10,000 radical to conscionable nether 6,000. That means implicit 4,000 of you are being asked to permission oregon entering into consultation," Dorsey wrote successful a station connected X.

"Something has changed," Dorsey wrote, framing the determination arsenic a hazard intended to presumption the institution for semipermanent growth. He cited caller artificial quality tools that tin automate enactment arsenic the crushed for the shift, noting that AI is "enabling a caller mode of moving which fundamentally changes what it means to physique and tally a company."

In the 4th quarter, Block reported adjusted net per stock of $0.65, successful enactment with Wall Street estimates. Revenue of $6.25 cardinal somewhat bushed expectations of $6.21 billion, according to S&P Global Market Intelligence.

Block besides raised its full-year guidance. The company, which supports the CashApp and Square platforms, said it expects gross nett maturation of 18% twelvemonth implicit twelvemonth successful 2026 and adjusted operating income of $3.20 cardinal oregon 26% margin.

Flutter Entertainment's (FLUT) banal fell 12% earlier the doorbell connected Friday aft reporting disappointing revenue. The sports-betting relation reported gross of $4.74 cardinal past quarter, beneath the $4.93 cardinal projected by analysts.

The Wall Street Journal reports:

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Duolingo Inc (DUOL) shares sank 25% earlier the doorbell connected Friday aft reporting 4th fourth earnings, which bushed expert expectations, but issued disappointing guidance for 2026. The institution said it is changing its strategy to prioritize idiosyncratic maturation implicit near-term profitability.

Investing.com reports:

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Yahoo Finance's Francisco Velasquez reports:

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Intuit (INTU) banal fell astir 2.5% successful after-hours trading arsenic the company's fiscal 3rd 4th nett forecast disappointed investors.

The 3rd 4th is usually Intuit's strongest, arsenic much users crook to the institution for taxation help; however, the institution said it expects to walk much connected selling to pull customers to its tools, specified arsenic TurboTax.

Reuters reports:

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Reuters reports:

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Cloud computing supplier Nutanix (NTNX) reported beardown net and announced a multiyear woody with AMD (AMD) connected Wednesday, sending the banal much than 15% higher successful premarket trading connected Thursday.

For the fiscal 2nd quarter, Nutanix reported adjusted net per stock of $0.56 for the 4th connected gross of $722.8 million. Wall Street analysts were looking for net per stock of $0.44 connected $709.7 cardinal successful revenue, according to S&P Global Market Intelligence.

For the afloat year, Nutanix said it expects gross of $2.80 cardinal to $2.84 cardinal and a non-GAAP operating borderline of 21% to 22%.

Nutanix's caller multiyear concern with AI chipmaker AMD besides boosted shares connected Thursday arsenic the 2 companies question to make a level for endeavor agentic AI. AMD said it volition put $250 cardinal successful Nutanix shares and associated R&D and go-to-market efforts, and the equity concern is expected to adjacent successful the 2nd 4th of 2026.

AMD banal slid 1.5% pursuing the announcement and net from its rival Nvidia (NVDA).

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American Bitcoin (ABTC), which is backed by 2 of President Trump's sons, reported a $59 cardinal nonaccomplishment successful its 4th fourth net connected Thursday. The results person travel amid a banal and crypto sell-off, wiping retired astir 90% of the firm's marketplace worth since September. The company's banal terms roseate 3% earlier the doorbell contiguous pursuing the news.

Bloomberg News reports:

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Shares of Celsius Holdings (CELH) jumped much than 12% successful premarket trading connected Thursday aft the vigor portion shaper reported better-than-expected 4th fourth net arsenic its acquisitions of Rockstar Energy and Alani Nu drove momentum successful the business.

Investing.com reports:

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J.M. Smucker (SJM) banal roseate 7% earlier the doorbell connected Thursday aft 3rd 4th net bushed expert expectations. The institution did, however, study a weaker full-year income outlook, citing a caller occurrence astatine 1 of its manufacturing facilities.

AP reports:

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Nvidia CEO Jensen Huang said the institution is "close" to finalizing its statement with OpenAI (OPAI.PVT)

"We proceed to enactment with OpenAI toward a concern agreement, and judge we are close," Huang said. "We are thrilled with our ongoing concern with OpenAI, a once-in-a-generation institution we've had the pleasance of partnering with since their archetypal days."

In September 2025, Nvidia said it planned to put $100 cardinal successful OpenAI to enactment artificial quality infrastructure. But successful aboriginal February, Huang said that the $100 cardinal was “never a commitment,” and a fewer weeks later, the Financial Times reported that the institution was adjacent to finalizing a $30 cardinal woody to regenerate the $100 cardinal one.

On the net call, Nvidia executives touted that "just astir each startup successful the satellite is moving connected Nvidia's ecosystem." The institution has besides struck partnerships with rival models, including Anthropic's Claude and Google's Gemini.

Nvidia's (NVDA) CFO Colette Kress confirmed a study earlier this week that it has not yet sold immoderate of its second-most-powerful chips to China.

"While tiny amounts of H200 products for China-based customers were approved by the US government, we person yet to make immoderate revenue, and we bash not cognize whether immoderate imports volition beryllium allowed into China," Kress said connected the net call.

That was successful enactment with what a Commerce Department authoritative said astatine a legislature proceeding connected Tuesday.

President Trump gave Nvidia the greenish airy to merchantability H200 chips to China past month. In precocious January, Beijing reportedly gave 3 of China's largest tech companies, ByteDance, Alibaba (BABA, 9988.HK), and Tencent (0700.HK, TCEHY), support to acquisition much than ‌400,000 H200 chips.

Nvidia's net telephone is underway. You tin perceive to it unrecorded here.

CFO Colette Kress called retired that the hyperscalers — Big Tech firms similar Amazon (AMZN), Microsoft (MSFT), and Meta (META) that supply large-scale unreality services — proceed to person a beardown appetite for Nvidia's information halfway chips.

"Analysts expectations for 2026 capex crossed the apical 5 unreality providers and hyperscalers, who collectively relationship for a small implicit 50% of our information halfway revenue, are up astir $120 cardinal since the commencement of the twelvemonth and approaching $700 billion," Nvidia CFO Colette Kress said connected the net call. "We proceed to expect the modulation of classical information halfway workloads to GPU-accelerated computing and the usage of AI to heighten today's hyperscale workloads and lend toward astir fractional of our semipermanent opportunity."

Nvidia (NVDA) banal popped by much than 3% aft net bushed expectations and delivered a beardown gross outlook for the archetypal quarter.

Nvidia said it expects gross of $76.44 cardinal to $79.56 cardinal successful Q1, up of expectations of $72.78 billion, according to Bloomberg statement estimates.

Here's what Nvidia reported for the 4th fourth compared to expert estimates compiled by Bloomberg:

Data Center compute gross ($51.3 billion, up 58% from a twelvemonth ago) and networking gross ($11.0 billion, up 263%) some besides reached grounds highs.

Read the afloat net breakdown present >

Steve Madden's (SHOO) banal fell 5% connected Wednesday aft the footwear and handbag shaper withdrew its 2026 net forecast owed to tariff uncertainty, successful the archetypal motion of chaos since the Supreme tribunal unopen down President Trump's tariffs past week Friday.

Reuters reports:

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First Solar (FSLR) banal plunged by astir 16% connected Wednesday greeting aft the star institution issued a bleaker-than-expected full-year outlook.

The institution said it expects 2026 nett income successful a scope of $4.9 cardinal to $5.2 billion, whereas the Street was looking for guidance of $5.6 billion.

In the 4th quarter, First Solar reported net per stock of $4.84, missing expert estimates for $5.17 per share, according to S&P Global Market Intelligence. Revenue of $1.68 cardinal came successful up of forecasts for $1.56 billion.

“Our maturation travel continued into 2025, with the commissioning of our caller Louisiana mill and our determination to found a caller installation successful South Carolina,” said CEO Mark Widmar. “As we navigated a rapidly evolving environment, we maintained a disciplined attack to contracting and remained anchored successful our halfway rule of pricing and transportation certainty, a cardinal differentiator that our customers value.”