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Check out the companies making headlines in afternoon trading. Groupon – Shares fell 39.5%, a day after the online marketplace company posted third-quarter revenue and global gross billings that fell short of expectations. Separately, it approved an $80 million fully backstopped rights offering to shareholders. Wynn Resorts – Resorts and casinos shares fell 7.3% as analysts focused on EBDITAR, including restructuring, linked to its Macau operations. This overshadowed an otherwise strong report, with the company outperforming Wall Street expectations on both fronts. Diageo – Shares fell 13.7% after the British drinks maker forecast a challenging environment. Diageo said growth should slow in the first half of the fiscal year due to weakness in Latin America and the Caribbean. Illumina – The beaten-down biotech stock fell 13.6% after cutting its full-year adjusted earnings guidance to a range of 60 to 70 cents per share. Analysts had estimated 80 cents per share, according to LSEG. Illumina’s revenue also came in below analyst estimates, although the company beat adjusted earnings per share in the third quarter. Plug Power – Shares of the clean energy company fell more than 34% to hit a new 52-week low after third-quarter earnings and revenue missed analysts’ expectations. RBC and JPMorgan downgraded the stock based on the results, citing limited risk and increased risk for the company. TKO Group – The WWE parent company fell 7.9% after executive chairman Vince McMahon said he planned to sell 8.4 million shares. TKO said executives and the company itself were interested in buying McMahon’s shares. Treace Medical Concepts – Shares plunged 40% after the medical device company missed third-quarter expectations and cut full-year revenue expectations. Treace reported a wider-than-expected loss per share of 28 cents, compared with an expected loss of 26 cents per share, according to FactSet. It posted revenue of $40.8 million, below the consensus estimate of $42.1 million. The company also lowered revenue expectations for this year. The Trade Desk — Digital Marketing stocks sold off 17.9%, a day after the company issued weak guidance. The company said its soft outlook reflected caution from some advertisers in sectors such as automotive and entertainment, which have seen recent labor strikes. Freyr Battery – Shares fell 18.8% after a BTIG rating downgrade to neutral from buy, with analysts citing execution risk. That comes even though the company on Thursday posted a smaller loss than Wall Street expected per share for the third quarter. Hawaiian Electric – Utility stocks fell 11% following a downgrade from Wells Fargo to underweight. Analysts said Hawaiian Electric was still too at risk after the state’s deadly wildfires earlier this year. Synaptics — Semiconductor stock rose 13.7% after a better-than-expected fiscal first-quarter financial report. Synaptics earned 52 cents per share, excluding items, on revenue of $238 million, while analysts surveyed by LSEG had expected 40 cents per share and $233 million in revenue. Hologic – The medical products manufacturer gained 5.6%. On Thursday, the company reported earnings that topped analyst consensus expectations on both lines for the fiscal fourth quarter. Earnings expectations for the current quarter and full year were in line with expectations, while revenue prospects for both periods were weaker than expected. Vera Therapeutics – Biotech stocks rose 4% after being upgraded to buy from hold by Jefferies. The company said Vera should have strong sales growth. – CNBC’s Sarah Min, Hakyung Kim and Pia Singh contributed reporting
