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Food delivery firm DoorDash Inc's orders surged to a record high in the third quarter as demand held strong against higher prices and rising inflation, helping it beat Wall Street targets for revenue and sending shares up 10%. Even though dining out has resumed in force, people are still ordering food online from the comfort of their homes like they did during lockdowns. DoorDash has, however, started to see a bit of an impact from recession-wary people buying fewer items each time they order, a company spokesperson said.…

Electronic Arts Inc lowered its annual bookings forecast as the publisher of "FIFA" and "Apex Legends" struggles with this year's surge in the US dollar and a gaming industry slowdown from pandemic heights. The company now expects annual bookings - an indicator of future revenue - between $7.65 billion and $7.85 billion, compared with $7.90 billion to $8.10 billion earlier. After a meteoric rise during the pandemic, video game sales have been easing this year due to a lack of major releases and lower spending by consumers…

Match Group topped quarterly revenue estimates as more users looking for matches and connections took paid subscriptions on dating app Tinder, sending the company's shares up 16%. The results are welcome news for the company which has been rocked this year by executive changes and analyst concerns about poor execution of new features on its dating apps. Spiraling inflation has also pressured spending on its apps. Despite the odds, the company's revenue came in at $810 million for the three months ended Sept. 30, beating…

Advanced Micro Devices Inc forecast some strength in its data center business and promised to be careful with spending, sending shares up despite business being hit by a deepening PC market slump. AMD forecast fourth-quarter and full-year revenue below Wall Street estimates, but Kinngai Chan, an analyst at Summit Insights Group, suggested investors had braced for worse. "While AMD's 4Q22 sales outlook was below consensus expectations, we believe investors are somewhat relieved that AMD expects its data center and embedded…

Uber Technologies Inc forecast fourth-quarter operating profit above Wall Street estimates, betting on cost controls and rising demand for its rides as customers resume spending more on travel, sending its shares up 13 percent. With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs. "Right now, frankly, we're not seeing any signs of consumer…

T-Mobile US, Inc. raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans. The telecoms giant has been offering discounts on smartphones and plans at industry-low prices to attract subscribers and stave off competition. It also has an edge over bigger rivals Verizon and AT&T who are building up the mid-band portion of their 5G networks to catch up with…

Chipmaker Intel Corp cut its full-year profit and revenue forecast and warned it would lay off staff, but a stronger-than-expected performance at its personal computers segment helped send shares higher.Intel shares jumped over 5% in after-hours trade. They have slumped roughly 47% so far this year, underperforming both the S&P 500 index and the Philadelphia SE Semiconductor index. Chief Executive Pat Gelsinger said the cut to the fourth quarter outlook reflected economic uncertainty expected to last into next year,…

Amazon.com Inc shares skidded as much as 21% after hours after it forecast costs might eviscerate its profit for the current quarter, as early holiday marketing does little to boost sales growth and as labor and delivery expenses continue to swell. The news followed similarly huge slide in META Platform shares on Thursday, after the Facebook parent reported late Wednesday costly metaverse bets and the impact of soaring inflation on ad spending, which spooked investors. But Apple earnings on Thursday were a bright spot,…

Pinterest Inc beat estimates for quarterly revenue, making it a rare bright spot in an otherwise downbeat social media sector and sending the image-sharing platform's shares 15% higher in after-hours trading. A decline in advertising budgets because of decades-high inflation has roiled earnings of online players from Alphabet Inc to Meta Platforms Inc and Snap Inc . But Pinterest's results show its ads business stayed resilient amid the wider industry downturn and people were still engaging with its image-sharing platform…

Comcast Corp's third-quarter revenue edged past Wall Street's expectations, thanks to a steady rebound in its theme parks and studios businesses, but sluggish broadband subscriber growth and a decline in advertising sales continue to weigh on the media company. Comcast added 14,000 broadband customers in the quarter, compared to the hundreds of thousands it gained at the peak of the pandemic, due to competition from telecom giants that have been promoting attractive offers on wireless and internet plans to price-conscious…