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Try the businesses making headlines in noon buying and selling.
Sew Repair — Shares of the digital private procuring firm plummeted 23% after reporting disappointing steering for the fiscal second quarter and the total 12 months. Sew Repair additionally missed estimates for its fiscal first quarter energetic clients. The corporate did, nonetheless, beat on the highest and backside traces of its quarterly outcomes.
Roku — Shares of the streaming platform rallied greater than 15% after asserting it has reached a multiyear settlement with Google to maintain YouTube and YouTube TV on its service. The deal will enable the 56.4 million energetic Roku accounts to proceed to observe YouTube and YouTube TV, Google’s stay streaming service, with out disruption.
Journey and reopening shares — Whereas the broader market was flat, journey and reopening shares rose on Wednesday. Norwegian Cruise Line rose 10%. American Airways added 3.8%, and United Airways popped 5.7%. Carnival climbed 7.4%, and Royal Caribbean rose 6.6%.
PagerDuty — Shares of the software program firm rose 10.4% after PagerDuty reported a lack of 7 cents per share, topping estimates of a lack of 9 cents per share, in keeping with Refinitiv. The corporate made $71.8 million in income, greater than the forecasted $70.0 million. PagerDuty additionally reported better-than-expected earnings and income steering for the fourth quarter.
Dave & Buster’s — Shares of the arcade firm popped 9% after reporting better-than-expected third-quarter outcomes. Dave & Buster’s reported earnings of 21 cents per share, 8 cents greater than estimates, in keeping with Refinitiv.
NXP Semiconductor – Shares of the chip firm declined 5% after UBS initiated protection on the inventory with a promote ranking. The agency mentioned that whereas it believes the corporate will stay a frontrunner in some product classes, NXP’s automotive division development will lag that of friends. The agency has a 12-month goal of $170 on the inventory, which is about 28% under the place shares closed on Tuesday.
ChargePoint Holdings — Shares of ChargePoint Holdings dipped 5.2% after posting a GAAP per-share lack of 21 cents per share. The corporate reported income of $65.0 million, greater than the estimated $64.8 million, in keeping with Refinitiv.
Honeywell — Shares of Honeywell retreated greater than 1% after Financial institution of America downgraded the inventory to a impartial ranking from purchase. The agency additionally reduce its worth goal on the inventory. Financial institution of America mentioned provide chain points and inflationary pressures ought to influence Honeywell’s income and margins within the first half of 2022.
Robinhood — Shares of the millennial-favored buying and selling app gained lower than 1% after the corporate mentioned it was looking for a termination of the resale of its frequent shares by a few of its early buyers.
— with reporting from CNBC’s Hannah Miao, Pippa Stevens and Yun Li.
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