( ) stock jumped on Thursday after the software maker swung to a profit for its third quarter while revenue topped views while revenue guidance met expectations. The company reported October quarter results after the market close. On the , shares jumped more than 19% to 18.40 in extended trading. In the Asana earnings report, the software maker reported a 2-cent profit on an adjusted basis vs. a 4-cent loss in the year-ago period. Analysts had predicted a loss of 7 cents per share. Revenue rose 10% to 183.9 million, topping views of $180.6 million. For the quarter ending in January, Asana forecast revenue of $188 million vs. estimates of $187.8 million. Asana's work management platform that helps users orchestrate work, from daily tasks to cross-functional strategic initiatives. Rivals include ( ). Heading into the Asana earnings report, the software stock was down 18% in 2024. Asana stock owned an IBD Relative Strength Rating of 56 out of a best-possible 99, according to .Democrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contest
Broadridge Financial Solutions Inc. stock outperforms competitors on strong trading dayGoogle and the US government faced off in a federal court on Monday, as each side delivered closing arguments in a case revolving around the technology giant's alleged unfair domination of online advertising. The trial in a Virginia federal court is Google's second US antitrust case now under way as the US government tries to rein in the power of big tech. In a separate trial, a Washington judge ruled that Google's search business is an illegal monopoly, and the US Justice Department is asking that Google sell its Chrome browser business to resolve the case. The latest case, also brought by the Justice Department, focuses on ad technology for the open web -- the complex system determining which online ads people see when they surf the internet. The vast majority of websites use a trio of Google ad software products that together, leave no way for publishers to escape Google's advertising technology, the plaintiffs allege. Publishers -- including News Corp and Gannett publishing -- complain that they are locked into Google's advertising technology in order to run ads on their websites. "Google is once, twice, three times a monopolist," DOJ lawyer Aaron Teitelbaum told the court in closing arguments. Presiding judge Leonie Brinkema has said that she would deliver her opinion swiftly, as early as next month. Whatever Brinkema's judgment, the outcome will almost certainly be appealed, prolonging a process that could go all the way to the US Supreme Court. The government alleges that Google controls the auction-style system that advertisers use to purchase advertising space online. The US lawyers argue that this approach allows Google to charge higher prices to advertisers while sending less revenue to publishers such as news websites, many of which are struggling to stay in business. The US argues that Google used its financial power to acquire potential rivals and corner the ad tech market, leaving advertisers and publishers with no choice but to use its technology. The government wants Google to divest parts of its ad tech business. More from this section Google dismissed the allegations as an attempt by the government to pick "winners and losers" in a diverse market. The company argues that the display ads at issue are just a small share of today's ad tech business. Google says the plaintiffs' definition of the market ignores ads that are also placed in search results, apps and social media platforms and where, taken as a whole, Google does not dominate. "The law simply does not support what the plaintiffs are arguing in this case," said Google's lawyer Karen Dunn. She warned that if Google were to lose the case, the winners would be rival tech giants such as Microsoft, Meta or Amazon, whose market share in online advertising is ascendant as Google's share is falling. The DOJ countered that it simply "does not matter" that Google is competing in the broader market for online ads. "That is a different question" than the market for ads on websites that is the target of the case, said Teitelbaum. Google also points to US legal precedent, saying arguments similar to the government's have been refuted in previous antitrust cases. Dunn also warned that forcing Google to work with rivals in its ad products would amount to government central planning that the court should reject. If the judge finds Google to be at fault, a new phase of the trial would decide how the company should comply with that conclusion. And all that could be moot if the incoming Trump administration decides to drop the case. The president-elect has been a critic of Google's, but he warned earlier this month that breaking it up could be "a very dangerous thing." arp/dw
When in Rome, do as the Romans do, and when you’re going to Green Bay in late December, apparently, prepare by preemptively freezing yourself. The New Orleans Saints, a team based in the Deep South that plays more than 50 percent of its games indoors yearly, plays a Monday Night Football game against the Packers at frigid Lambeau Field. Though the Saints have already been eliminated from postseason competition, they have gone to extreme lengths to prepare—in fact, they froze themselves. “Quarterbacks coach Andrew Janocko took Rattler and the rest of the Saints’ quarterbacks into the walk-in freezer in the team’s cafeteria Saturday to run through plays,” wrote ESPN’s Katherine Terrell. “Janocko joked that he got the idea after watching ‘Cool Runnings.’ In the movie, a character sits in an ice cream truck to prepare for the conditions he’ll face as an Olympic bobsledder.” Now, it’s important to note the Jamaican bobsled team crashed. Will the Saints suffer a similarly unkind fate Monday night? No sleds will be involved, so the chances of crashing are low. However, their chances of ending up bruised and battered are quite good. The Packers are clicking on all cylinders as multiple key pieces of their offense and defense have returned from injury. In addition, the Packers will be playing for a playoff spot in the frozen but friendly environs of historic Lambeau.
Biden commuted 37 death sentences. Will California Governor Gavin Newsom do the same?