Check out which companies are making the headlines in midday trading.
Coinbase reported a 27% drop in revenue in the first quarter as platform usage declined.
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Queen Bees Shares of the crypto services operator jumped about 6% despite the company Report a loss greater than expected Late Tuesday, volumes fell in the last quarter. The rally coincided with a rally in Bitcoin after the headline inflation reading showed a Better than expected slowdown in price increases.
Wendy The restaurant chain saw its shares fall more than 2% after reporting a revenue loss. Same restaurant sales in the US rose 2.3% – less than analysts had expected – as consumers spent more cautiously. However, Wendy’s fourth-quarter earnings beat estimates.
Roblox – Shares of the video game platform fell 5% midday after that Tuesday’s aftermarket earnings missed analysts’ expectations. Roblox’s quarterly loss was larger than expected, and its bookings, which include recognized sales during the quarter and deferred revenue, were down 4% year over year.
Twitter Social media company Jumped more than 3% after Elon Musk revealed the sale of nearly $7 billion in Tesla stock In the past few days. Investors aren’t sure if a Delaware Chancery court will force Musk to pursue his $44 billion deal to buy Twitter. Tesla shares gained more than 2.5%.
sweet green – Shares fell 5% after the power chain cut its full-year forecast, and second-quarter revenue missed analyst estimates. sweet green It also said it has laid off 5% of the support center’s staff.
trade office The digital advertising company’s shares rose 35% after it gave an optimistic forecast for the current quarter and revenue exceeded estimates in the quarter just ended.
Fox The media company’s shares rose 4% even after Fox missed estimates in the fourth quarter of last year. Earnings per share came in at 1 per cent below estimates.
Unit programs — The software company jumped more than 7% after Unity reported an adjusted loss of 18 cents per share, three cents better than estimates, according to Refinitiv. Unit revenue and guidance were lower than expected. The stock is now trading within 10% of $58.85 a share, the price AppLovin offered in a non-binding merger proposal earlier this week.
H&R . block The tax preparation services company jumped more than 12% after it raised its dividend and allowed $1.25 billion in new buybacks. H&R Block also beat the bottom line and top score estimates in the last quarter.
BuzzFeed BuzzFeed fell 4.3% after its earnings announcement. The company reported a larger-than-expected loss per share, noting that it was facing rising costs and a disruptive advertising market.
– Tanaya Machel, Sarah Main, Carmen Renick, Jesse Pound, Michelle Fox and Yoon Lee at CNBC contributed to the report.
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