Stocks making the biggest moves midday: UBER, ABNB, MGM, HOOD
See which companies are making headlines in midday trading.
uber — Shares of Uber rose 11% to a 52-week high after the ride-hailing company announced its first $7 billion share buyback authorization program. Uber also said it expects total booking growth to be in the mid-teens over the next three years.
lift — Shares of the ride-hailing platform soared 31% after the company posted adjusted earnings of 18 cents per share for the fourth quarter, above the LSEG consensus estimate of earnings of 8 cents per share. Lyft reported revenue of $1.22 billion, in line with analysts’ expectations.
IQVIA Holdings — The health care technology company’s shares rose 10% after reporting fourth-quarter earnings of $2.84 per share before items, compared with $2.82 per share expected by analysts, according to FactSet. Revenue for the quarter came in at $3.87 billion, slightly exceeding expectations of $3.8 billion.
Charles River Institute — The drugmaker rose 9% after fourth-quarter adjusted earnings of $2.46 per share beat analysts’ estimates of $2.40 per share, according to FactSet. Charles River reported revenue of $1.01 billion, compared to analysts’ expectations of $991.3 million. The company’s full-year earnings-per-share guidance of $11.40 was higher than its estimate of $10.83 per share.
davita — The healthcare company rose 7% after posting beats on its top and bottom lines. On Tuesday, DaVita reported earnings of $1.87 per share on revenue of $3.15 billion. Analysts surveyed by FactSet had estimated revenue of $3.01 billion and earnings per share of $1.63.
robinhood market — Shares of the trading platform soared 9% after the company reported surprising earnings and earnings. Robinhood reported profit of 3 cents per share, while analysts had expected a loss of 1 cent per share, according to LSEG. Revenue of $471 million beat analysts’ expectations of $457 million.
Zillow — Shares rose more than 6% after Real Estate Markets reported revenue of $474 million and adjusted earnings of 20 cents per share. Zillow reported revenue of $452 million, beating analysts’ estimates of 12 cents per share, according to LSEG.
Crypto Stocks — Stocks whose performance is tied to the price of Bitcoin have surged after the cryptocurrency rose above two-year highs and regained $1 trillion in market capitalization. trading platform coinbase Up about 13% and Bitcoin Proxy microstrategy Added 10%. mine worker Iris Energy It soared by almost 15% Clean Spark It soared 9%. marathon digital and riot platform Each added more than 10%.
Topgolf Callaway — Shares rose 6% at midday after the sports equipment company posted a narrower-than-expected adjusted loss of 30 cents per share in the fourth quarter, according to LSEG. This compares with a loss of 33 cents per share expected by analysts. Revenue of $897 million beat analysts’ estimates of $866 million.
smart technology — Shares fell 8% after the cloud platform provider missed analyst expectations for fourth-quarter revenue. Akamai posted $998 million, in line with analysts’ forecasts surveyed by LSEG. Elsewhere, the company earned $1.69 per share excluding items, beating analysts’ expectations of $1.60 per share.
MGM Resorts International — Shares fell 8% despite better-than-expected fourth-quarter results. The company reported both earnings and sales improved in the fourth quarter. Although the China and Macau sectors greatly exceeded expectations, the US regional casino sector suffered from the impact of the Detroit strike and labor costs.
kraft heinz — Food inventory fell more than 6% as fourth-quarter sales missed expectations. Kraft Heinz reported revenue of $6.86 billion, while analysts had expected $6.99 billion, according to LSEG. The company’s adjusted earnings per share were 78 cents, a cent higher than analyst estimates.
Airbnb — Shares fell about 3% even after the vacation property rental platform reported fourth-quarter profit. Airbnb reported a loss of 55 cents per share, but it was not immediately clear how that compared with the profit of 62 cents per share per LSEG that analysts had estimated. Airbnb also warned there was pressure on accommodations booked in the first quarter due to tighter comparisons.
Hasbro — The toymaker rebounded from a decline to rise nearly 3% during Tuesday’s trading session. Hasbro’s shares fell after its fourth-quarter earnings and sales missed analysts’ estimates. The company also posted weaker-than-expected guidance for full-year revenue.
— CNBC’s Ha-Kyung Kim, Alex Harring, Jesse Pound, Pia Singh and Michelle Fox contributed reporting.