Here are some highlights from companies making headlines during midday trading:
Expedia: Shares jumped nearly 15% after the company reported fourth-quarter results that exceeded Wall Street expectations.
Amazon: The e-commerce giant experienced a nearly 4% drop in its stock price following disappointing guidance for the current quarter.
Doximity: Shares surged 37% after the digital platform for the medical industry reported strong fiscal third-quarter revenue that beat projections.
Bill Holdings: The financial software company’s stock plummeted 31% after its revenue guidance for the current quarter fell below analysts’ expectations.
E.l.f. Beauty: Shares declined nearly 20% after the company lowered its guidance for the fiscal year, projecting sales between $1.3 billion and $1.31 billion, which is below the consensus estimate of $1.34 billion.
Monolithic Power Systems: The semiconductor company saw its shares rise 7% after it surpassed fourth-quarter earnings and revenue expectations, along with providing optimistic revenue guidance for the upcoming quarter.
Take-Two Interactive Software: Shares soared 15% following the announcement that Grand Theft Auto VI is set to release this fall.
Affirm: The buy now, pay later provider saw a stock rally of 22% after reporting better-than-expected top and bottom-line results for the fiscal second quarter.
Pinterest: Shares climbed 17% after the company posted strong fourth-quarter results, with an 18% year-over-year revenue increase and a net income of $1.85 billion, aided by a deferred tax benefit.
Skechers: The shoe company’s stock dropped 12% after its fourth-quarter earnings and revenue fell short of analysts’ predictions.
Cloudflare: The cloud cybersecurity company experienced a significant surge of 20%.
Source (CNBC)
