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Check out the companies making headlines in afternoon trading.
uber – Uber shares rose 11% to a new 52-week high after the ride-hailing company announced a $7 billion share repurchase authorization program. Uber also said it expects gross booking growth to be in the mid- to high-teens over the next three years.
lift – Shares of the ride-hailing platform surged 31% after the company reported fourth-quarter adjusted earnings of 18 cents per share, surpassing LSEG’s consensus estimate of earnings per share of 8 cents. Lyft reported revenue of $1.22 billion, which was in line with analysts’ expectations.
IQVIA Holdings – The health tech company saw its shares rise 10% after it reported fourth-quarter earnings of $2.84 per share excluding items, compared with $2.82 per share expected by analysts, according to FactSet. Revenue of $3.87 billion for the quarter was slightly above estimates of $3.8 billion.
Charles River Laboratories – The drugmaker gained 9% after fourth-quarter adjusted earnings of $2.46 per share, compared with 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 high end of the company’s full-year earnings per share guidance, $11.40, was also above estimates of $10.83 per share.
DaVita – The health care company jumped 7% after posting gains on the top and bottom. On Tuesday, DaVita reported pre-item earnings of $1.87 per share on revenue of $3.15 billion. Analysts polled by FactSet had expected earnings of $1.63 per share on revenue of $3.01 billion.
robinhood markets – Shares of the trading platform jumped 9% after the company reported surprise earnings and a revenue decline. Robinhood reported earnings of 3 cents per share, while analysts expected a loss of 1 cent per share, according to LSEG. Revenue came in at $471 million, above the $457 million expected by analysts.
Zillow – Shares rose more than 6% after the real-estate market reported adjusted earnings of 20 cents a share on revenue of $474 million. Zillow beat analysts’ estimates by 12 cents a share on revenue of $452 million, according to LSEG.
Crypto stocks – stocks whose performance is tied to the price of Bitcoin – surged after the cryptocurrency hit its highest level in more than two years and reclaimed its $1 trillion market cap. trading platform coinbase Bitcoin proxy gained about 13% more micro strategy 10% added. miners Iris Energy increased by about 15% and cleanspark increased by 9%. Marathon Digital And riot platform Each added more than 10%.
topgolf callaway – Shares were up 6% in the afternoon after the sports equipment company reported a smaller-than-expected fourth-quarter adjusted loss of 30 cents per share, compared with analysts’ expectations of a loss of 33 cents per share, according to LSEG. . Revenue of $897 million exceeded analysts’ estimates of $866 million.
Akamai Technologies – Shares fell 8% after the cloud platform provider missed analysts’ expectations for fourth-quarter revenue. Akamai posted $995 million, below the $998 million forecast of analysts surveyed by LSEG. Elsewhere, the company earned $1.69 per share, excluding items, better than the $1.60 per share figure expected by analysts.
MGM Resorts International — Shares fell 8% despite the company’s fourth-quarter results being better than expected. The company has reported a decline in earnings and revenue in the fourth quarter. Although the company’s China and Macau segment handily beat expectations, the U.S. regional casino segment suffered from the impact of the strike in Detroit and labor costs.
kraft heinz – Food products stocks fell more than 6% after fourth-quarter revenue fell short of expectations. According to LSEG, Kraft Heinz reported revenue of $6.86 billion, but analysts expected $6.99 billion. The company’s adjusted earnings per share of 78 cents were one cent above analyst estimates.
airbnb – Shares also fell about 3% after the vacation property rental platform reported a decline in fourth-quarter revenue. Airbnb reported a 55 percent loss per share, and it was not immediately clear how that compared with analysts’ estimates of a 62 percent profit per share, according to LSEG. Airbnb also warned of some pressure on nights booked in the first quarter due to tough comparisons.
Hasbro – The toy maker recovered nearly 3% during Tuesday’s trading session, recovering from its decline. The stock declined after Hasbro’s fourth-quarter earnings and revenue missed analysts’ estimates. The company also posted weaker-than-expected guidance for its full-year revenue.
— CNBC’s Hakyung Kim, Alex Haring, Jesse Pound, Pia Singh and Michelle Fox contributed reporting.
