Companies are making news in midday trading.
The company reported a wider-than- expected loss late Tuesday and a decline in volumes in the most recent quarter. After a key inflation reading showed a better-than- expected slowdown in rising prices, the rally was preceded by a move higher in bitcoins.
Wendy's shares fell more than 2% after it reported a revenue miss. The US same-restaurant sales increase was less than analysts had expected. Wendy's earnings in the most recent quarter were better than expected.
In midday trading, the video game platform's shares were down 5%. The bookings, which include sales recognized during the quarter and deferred revenue, declined by 4% compared to last year.
The social media company climbed after Musk disclosed the sale of his stake in the company. The Delaware Chancery court may be able to force Musk to follow through on his deal to buyTwitter. There was a 2.5% gain in the shares ofTesla.
The salad chain's shares dropped after it lowered its full-year forecast. The support center employees were laid off.
After it gave an upbeat forecast for the current quarter, shares of the digital advertising firm soared.
Even though Fox missed estimates on top and bottom lines, the company rose 4%. The earnings per share was below expectations.
The software company reported an adjusted loss of 18 cents per share, which was three cents better than the estimates. Revenue was lower than anticipated. The stock is trading within 10% of the nonbinding merger proposal price of $58.85.
H&R Block's stock jumped more than 12% after the company increased its dividend and authorized a new share buy back. In the most recent quarter, H&R Block beat estimates.
The news website slumped after posting earnings. The company reported a bigger-than- expected loss due to rising costs and a problematic advertising market.
CNBC's Tanaya Macheel and Sarah Min contributed reporting.
All Rights Reserved © 2024
