Reuters

By Max A. Cherney and Stephen Nellis

(Reuters) -Chip designer Arm Holdings gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street's expectations, but its full-year forecast was below expectations.

Shares of Arm fell about 4% in extended trading after the report.

For the current fiscal first quarter, Arm forecast revenue in a range between $875 million and $925 million, with a midpoint of $900 million,... (continue reading...)

(Reuters) - Vacation rental company Airbnb reported a higher quarterly profit on Wednesday, boosted by an increase in travel in international markets as North American bookings decelerated during the period.

Shares of the company were up 3% after the bell.

Accommodation companies in the first quarter have seen the demand for travel in regions outside of North America boost earnings as travel accelerates in Asia Pacific and Latin... (continue reading...)

(Reuters) -Robinhood Markets reported a profit in the first quarter on Wednesday compared with a loss last year, helped by strong trading volumes and rate hikes that boosted its net interest revenue.

The company reported a profit of $157 million or 18 cents per share for the three months ended March 31, compared with a loss of $511 million or 57 cents per share a year ago.

Policy tightening by the Federal Reserve has allowed companies to... (continue reading...)

(Reuters) -Bumble on Wednesday forecast second-quarter revenue below Wall Street estimates, a sign of weak discretionary spending on its dating apps amid economic uncertainty.

The dating firm has been grappling with slowing growth as sticky inflation is weighing on non-essential purchases.

The company also faces stiff competition from Tinder and Hinge-parent Match Group, which forecast second-quarter revenue below analysts' estimates on... (continue reading...)

By David Alire Garcia and Adriana Barrera

MEXICO CITY (Reuters) - Widespread recent power outages in Mexico were caused by unseasonably hot weather, the country's president said on Wednesday, assuring consumers that the national grid has sufficient generating capacity going forward.

President Andres Manuel Lopez Obrador told reporters at a regular government press conference that his government will also coordinate with private power... (continue reading...)