arts

Airbnb stock fell sharply despite outperforming earnings, and plans to buy back $2 billion in stock

Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …

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Texas Instruments shares rise on earnings and expectations beat

Texas Instruments Inc. shares rose. In the extended session on Tuesday after the chip maker reported big profits for the quarter and expectations were higher than Wall Street estimates. Texas Instruments TXN, + 6.65% Shares were up 4% in after-hours trading, after falling 1.5% in the regular session to close at $160.84. In the second …

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