Mastercard, Unity Software, Wendy’s, and more
A woman walks past a Westpac Bank ad in central Sydney, Australia.
Daniel Munoz | Reuters
Check out which companies are making the headlines at midday.
Bushmark – Shares of the online market fell nearly 30% on Wednesday after the release of quarterly results late Tuesday. Poshmark posted a loss of 9 cents a share, versus analyst estimates of 7 cents a share. Revenue was weaker than expected at $79.7 million, versus the $82.7 million Wall Street had expected.
by dash – Shares of the food delivery company rose more than 14% on Wednesday after the company announced it would do so Acquisition of Wolt for $8.1 billion. The company also reported a larger-than-expected loss per share in the third quarter, but it beat revenue estimates.
FuboTV – Shares of the streaming platform sank 19% after the company late Tuesday reported a loss of 59 cents per share on revenue of $156.7 million for the third quarter. It also increased its guidance for the fourth quarter.
unit programs The video game software developer saw shares rise 6% after beating third-quarter earnings and revenue expectations and raising its full-year guidance. Unity also announced that it plans to buy visual effects maker Weta Digital, “The Lord of the Rings,” for more than $1.6 billion in cash and stock.
Wendy Wendy’s shares fell 8% after the fast-food chain announced its quarterly financial results. It posted slightly more than 19 cents per share earnings on revenue of $470.3 million, versus an expected 18 cents per share on revenue of $470.2 million, according to Refinitiv. However, it did report global same-restaurant sales growth of 3.3% in the quarter, compared to the consensus forecast of 4.9%.
Blantyre – Blantyre shares fell more than 5% after that RBC lowered the stock To reduce performance from the sector and lower the target price per share to $19 per share from $25 per share. RBC mentioned in his invitation Palantir’s Sluggish Revenue Growth.
Queen Piece Coinbase shares fell 4.8% after the company reported quarterly revenue on Tuesday of $1.31 billion Missed analysts’ expectations. Monthly active transaction users were lower than the previous quarter, at 7.4 million, but an increase from the previous year. Transaction-based revenue was also lower than the previous quarter.
Tesla Tesla shares rebounded more than 3%, after cutting a falling spell. The stock is down about 13% this week after CEO Elon Musk suggested in a Twitter poll over the weekend that he sell 10% of his Tesla stock.
Master Card Credit Card Mastercard shares rose 3.8% after the payments technology company revealed new performance targets for 2022-2024 on Investor Day Wednesday, which showed faster growth in earnings and revenue. It also announced an expansion of the Buy Now, Pay Later program.
Energy stocks – Energy stocks were among the biggest losers in the S&P 500 as the American Petroleum Institute announced US crude stocks. by a million barrels In the last week, Reuters reported. Coterra Energy It fell 4.7%. Occidental PetroleumAnd hissAnd Diamondback Energy And Halliburton Each fell more than 3%%.
CNBC’s Hana Miu and Maggie Fitzgerald contributed reporting