“Companies Take Different Approaches to Earnings Misses and Inventory Management”

Financial news was abuzz today after several companies reported earnings that missed expectations. Affirm, a financial services company, announced it was cutting 19% of its workforce and its shares tanked in response.

Uber’s earnings, however, proved that it is not a “pandemic stock,” according to Josh Brown of Ritholtz Wealth Management.

Vinod Khosla, a billionaire venture capitalist, commented that the progress on artificial intelligence is far beyond what he had expected.

Under Armour CEO Patrik Frisk said that inventory is a story, but the company is comfortable with how its inventory looks.

Pinterest CEO Bill Ready said the company is performing quite well after its earnings report.

Overall, the financial news today was a mixed bag, with some companies performing better than expected and others missing the mark.