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Lyft — Shares of the ride-hailing platform rose 31% after the company posted adjusted earnings of 18 cents per share in the fourth quarter. This beat his LSEG consensus estimate for earnings of 8 cents per share. Lyft reported revenue of $1.22 billion, which was in line with analyst expectations.
IQVIA Holdings — The health tech company saw its stock rise 10% after reporting fourth-quarter earnings excluding items of $2.84 per share, according to FactSet. In contrast, analysts expected him to earn $2.82. Revenue for the quarter was $3.87 billion, slightly above expectations of $3.8 billion.
Charles River Laboratories — The drugmaker rose 9% after fourth-quarter adjusted earnings of $2.46 per share beat analysts’ expectations of $2.40, according to FactSet. Charles River had revenue of $1.01 billion, compared to analysts’ expectations of $991.3 million. The high end of the company’s full-year earnings per share forecast of $11.40 also exceeded expectations of $10.83 per share.
DaVita — The healthcare company rose 7% after posting strong gains in sales and bottom line. On Tuesday, DaVita posted his earnings of $1.87 per share, excluding items, on sales of $3.15 billion. Analysts polled by FactSet had expected earnings of $1.63 per share and revenue of $3.01 billion.
Robinhood Markets — The trading platform’s stock rose 9% after the company reported unexpected profits and sales. Robinhood posted a profit of 3 cents per share, while analysts had expected a loss of 1 cent per share, according to LSEG. Sales totaled $471 million, exceeding analysts’ expectations of $457 million.
Zillow — Shares rose more than 6% after the real estate market posted adjusted earnings of 20 cents per share on revenue of $474 million. Zillow beat analyst estimates of 12 cents per share and revenue of $452 million, according to LSEG.
Cryptocurrency stocks — Stocks whose performance is tied to the price of Bitcoin soared after the cryptocurrency soared to its highest in more than two years and regained $1 trillion in market cap. Trading platform Coinbase rose about 13%, and Bitcoin proxy MicroStrategy rose 10%. Miner Iris Energy soared nearly 15%, while Clean Spark soared 9%. Marathon Digital and Riot Platforms each increased by more than 10%.
Topgolf Callaway — Shares of the sporting goods company rose 6% from midday after Topgolf Callaway reported a lower-than-expected adjusted loss of 30 cents per share in the fourth quarter, according to LSEG (LSEG Analysts had expected a loss of 33 cents per share.) Sales of $897 million exceeded analysts’ expectations of $866 million.
Akamai Technologies — Shares fell 8% after the cloud platform provider’s fourth-quarter revenue fell short of analysts’ expectations. Akamai booked him $995 million, while analysts surveyed by LSEG expected him to make $998 million. The company’s other segment earnings, excluding items, were $1.69 per share, beating analysts’ expectations of $1.60 per share.
MGM Resorts International — Shares fell 8% despite the company’s better-than-expected fourth-quarter results. The company reported higher profits and sales in the fourth quarter. The company’s China and Macau divisions easily beat expectations, but its U.S. regional casino division suffered from the impact of the Detroit strike and labor costs.
Kraft Heinz — The food stock fell more than 6% after fourth-quarter sales fell short of expectations. According to LSEG, Kraft Heinz reported sales of $6.86 billion, compared to analysts’ expectations of $6.99 billion. The company’s adjusted earnings per share were 78 cents, beating analyst estimates by 1 cent.
Airbnb — Shares fell about 3% even though the vacation rental platform posted strong fourth-quarter revenue. Airbnb reported a loss of 55 cents per share, according to LSEG, but it was not immediately clear how that compared to the 62 cents per share profit that analysts expected. Ta. Airbnb also warned that tough comparisons would put pressure on the number of nights booked in the first quarter.
Hasbro — The toy maker rebounded from losses during Tuesday’s trading to rise nearly 3%. Hasbro’s stock price fell after its fourth-quarter earnings and sales fell short of analysts’ expectations. The company also announced a lower-than-expected outlook for full-year earnings.
—CNBC’s Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh and Michelle Fox contributed reporting.
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