Lyft, Tripadvisor, Take-Two Interactive, and more
Lyft, Tripadvisor, Take-Two Interactive, and more
Check out which companies are making the headlines in midday trading.
Lift Lyft shares fell 22.9% after the company’s earnings report showed mixed results in the last quarter. The rideshare company reported adjusted earnings per share of 10 cents, more than analysts’ expectations of 7 cents, but revenue was lower than Street’s forecast, coming in at $1.05 billion versus the expected $1.06 billion, per Refinitiv.
Tripadvisor The travel platform fell 17.3% after its quarterly profit came in below expectations. The company cited currency fluctuations as a driver of performance, noting that travel demand remained strong.
Take-Two Interactive. interactive – Take-Two shares fell 13.7% the next day The video game company has lowered its forecast for net bookings for this year. It also said it expects a net loss for the fiscal year ending March 31, 2023, between $674 million and $631 million, worse than guidance in first-quarter earnings.
kohl – Shares of the retailer rose 7.3% after that The news that CEO Michael Gass is leaving the company. Gus will join Levi Strauss & Co. as President and CEO pending next January. Shares of Levi Strauss fell 1.8 percent on the news.
Scotts Miracle-Grow — Shares of fertilizer company Scotts Miracle-Grow surged 7.7% Tuesday after Barclays raised the stock to overweight and They said they see it rise another 50%.
Carvana – Shares of Carvana continued to sell off, falling 0.41% after losing the used-car dealer’s earnings on Friday. JPMorgan lowered its target price on Carvana Tuesday, and Morgan Stanley withdrew its rating and price target for the stock on Friday.
Dave and Booster Entertainment – Restaurant and entertainment inventory It rose 0.22% after Deutsche Bank upgraded to buy from hold. The bank said Dave & Buster is offering a “disguised” return on risk despite the difficult overall picture.
Tesla Tesla stock fell 2.9% on news that the company Recalls more than 40,000 of its vehicles In the United States due to possible loss of power steering. The news also revealed that the electric car maker’s CEO and new Twitter owner Elon Musk Weighs a potential paying wall on social media platform. Earlier this week, Musk said he would Suspend accounts that impersonate permanently Without a parody poster on Twitter.
Norwegian Cruise Line – The cruise stock added 3.7% after the company recorded a less-than-expected loss and outperformance in revenue for the last quarter with the return of travel demand. The company said it expects 2023 bookings to be equal to 2019 levels but at “significantly higher” prices.
Lordstown Motors – The stock fell 5.4% after that Announcement that Foxconn will become the largest shareholder in Lordstown Motorsand will invest up to $170 million in the electric car maker.
Amgen The stock is up 5.6% on the day following a presentation from the American Heart Association’s annual Scientific Sessions event. There, Amgen provided an update for its obesity drug AMG 133. The administration said preliminary data was “encouraging,” according to a Mizuho memo on Monday. On Tuesday, the stock was trading at levels not seen since its initial public offering in 1983.
Palo Alto Networks Cybersecurity stock jumped 6.7% after Morgan Stanley said he was “bumping the table” on Palo Alto Networks as the top pick, saying the company’s setup is “disguised” against a difficult macro backdrop.
Dupont de Nemours Dupont De Nemours shares rose 7.4% after the chemical company reported quarterly results that beat Wall Street expectations and reaffirmed its full-year guidance.
SolarEdge Technologies SolarEdge shares rose 19.1% after the company reported record fourth-quarter revenue that beat analysts’ expectations. The company also provided forward guidance for fourth-quarter revenue of $855 million to $885 million, with analysts estimating $857 million.
well tower – Well Tower Real Estate shares rose 8.2% after announcing its quarterly results on Monday evening. Revenue exceeded expectations driven by higher occupancy rates in its top residential facilities.
mosaic Fertilizer company Mosaic gained 5.95%, although it posted a profit lower than Wall Street expectations. Earnings per share came in at $3.22 versus an expected $3.40, according to Refinitiv. Revenue was $5.35 billion instead of $5.79 billion expected.
Lumen Techniques – Lumen Technologies shares jumped 4.97% as investors look to buy back into the company after tumbling nearly 30% when it reported disappointing earnings results earlier in the month.
Medtronic Shares of the healthcare technology company plunged 6.3% after it reported the results of a study on high blood pressure that showed its device only helped lower blood pressure a little more than medication.
Robinhood – Shares of trading platform Robinhood fall 19% as investors weigh the potential impact from Controversy over cryptocurrency company FTX.
Planet Fitness – Shares of the gym operator rose 8.6% after the company reported quarterly earnings and revenue that beat Wall Street estimates.
Reynolds Consumer Products Shares of Reynolds Consumer Co. fell 7.3% after it reported mixed earnings results. Adjusted earnings per share were 24 cents, while analysts had expected 23 cents. Revenue was below estimates of $967 million instead of $979 million.
PERIGO – Shares of drugmaker Perrigo fell 15.3% after the company reported earnings and revenue below analysts’ expectations, according to Refinitiv.
five 9 Shares of cloud company Five9 jumped 15.1% after it reported quarterly results. The company posted revenue of $198.3 million, beating expectations, according to StreetAccount. However, fourth-quarter revenue and earnings per share guidance were lower than analysts had expected.
CNBC’s Samantha Soobin, Michelle Fox, Alex Haring, Tanaya Machel, and Sarah Main contributed reporting.
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