China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s second-largest economy.
Gaming platform Roblox forecast annual bookings above estimates on Wednesday after it crossed $1 billion in quarterly bookings for the first time on higher in-game spending during the holiday season, sending its shares up 15% before the bell.
China’s Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to Sept. 31, down 92% from a year earlier, according to Reuters calculations from Alibaba Group Holding’s earnings report released on Thursday.
Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its ride sharing and food delivery businesses.
Ford Motor shares surged 6% in morning trading on Wednesday after the automaker increased its dividend for the first quarter and decided to scale back investments in new capacity for loss-making electric vehicles (EV).