PepsiCo, Cloudflare, Pinterest, Expedia and others

Hey, savvy investors! Let’s take a look at what’s been happening in the world of business and finance. Here’s a rundown of some of the top companies and their recent stock movements.

PepsiCo reported mixed fourth-quarter results, causing shares to slip 1.4%. While the company missed revenue estimates, it did exceed the expected adjusted earnings per share. Pepsi attributed the revenue miss to consumers’ squeezed budgets due to high borrowing costs and lower personal savings.

On the flip side, Cloudflare saw its shares surge by 27% after the cloud services provider beat analysts’ expectations in its fourth-quarter report. Adjusted earnings per share and revenue both came in higher than anticipated, and the company also issued an optimistic full-year guidance.

Pinterest, however, experienced a drop of more than 8% in its stock price after issuing a weaker-than-expected forecast and falling short on revenue estimates. The company did manage to beat earnings expectations in its fourth-quarter report, but it wasn’t enough to prevent a decline in share value.

Expedia Group posted adjusted fourth-quarter results that exceeded consensus expectations, but shares still plunged by 15% due to a miss in the air travel category. The company also announced a leadership change, with CEO Peter Kern being replaced by Ariane Gorin in May.

Bitcoin miner CleanSpark saw its shares rise by 19% after reporting fiscal first-quarter results that beat expectations. The company’s earnings and revenue both came in higher than anticipated, and it received an extra boost from the rising value of bitcoin.

United Airlines got a 2.7% boost in its stock price after being upgraded to outperform by Evercore ISI, which predicts that the stock could advance more than 50% from its current level.

Newell Brands, however, saw its shares dip by 1% after issuing weaker-than-expected first-quarter and full-year guidance, despite exceeding fourth-quarter expectations.

In the tech sector, Illumina reported fourth-quarter results that topped expectations, but its shares still dropped by 4%. Meanwhile, business software company Bill Holdings fell 3% despite reporting stronger-than-expected revenue in the fiscal second quarter.

Digital commerce business Affirm also saw a 7% drop in its shares, even after reporting second-quarter GAAP earnings per share and revenue that exceeded analysts’ expectations.

Lastly, Take-Two Interactive Software reported adjusted earnings slightly below expectations and issued a lackluster current-quarter forecast, causing its shares to drop by more than 8%.

That’s all for the latest stock movements. Stay tuned for more updates on the ever-changing world of business and finance!

Source link



Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed

Featured Franchise Opportunity

Clean Nature Group

Business Services Franchises, Cleaning Franchises, Low Cost Franchises, Manufacturing & Industrial Franchises

$100ˌ000 - $250ˌ000

Season 2 Consign

Business Services Franchises, Retail Franchises

$50ˌ000 - $100ˌ000