These are the stocks posting the largest moves in midday trading.
Schlagwort-Archiv: CNBC
Under Armour stock falls as company offers weak guidance, posts unexpected loss
Under Armour reported an unexpected loss and sales below estimates as the company grappled with global supply chain challenges and Covid lockdowns in China.
DoorDash rises after reporting 35% sales growth
DoorDash reported a significantly slower rate of revenue growth than it did in the same quarter in 2021, when net sales nearly tripled.
Sweetgreen losses widen despite 67% jump in quarterly sales
Sweetgreen sales jumped 67%, fueled by more customer transactions and menu price hikes.
Lucid reports 30,000 EV reservations and raises prices on its Air sedans
Lucid said that it now has 30,000 reservations for its Air luxury sedan — and it’s raising prices in June.
From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business
Across industries, companies say China’s Covid controls are taking a toll — so much so that some executives warn of more unpredictable performance ahead.
Shopify stock down 15% after earnings miss, $2.1 billion acquisition of logistics start-up
Shopify announced it would buy Deliverr, which provides fulfillment services for online merchants, for $2.1 billion, the largest acquisition in its history.
Nikola stock jumps as EV truck maker reports start to production and surprise Q1 revenue
Nikola reported a Q1 loss per share that was narrower than Wall Street expected and confirmed that its fuel cell truck is on track for a 2023 launch.
Wayfair loses customers and money in a messy quarter, announces its CFO will retire
Wayfair co-founder and Chief Executive Officer Niraj Shah said, despite sliding sales, consumer health remains „relatively strong.“
Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices
Shell’s bumper earnings echo profits seen across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.