Disney, Airbnb, Trustworthy Firm and extra
General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at Disneyland Resort, which reopened for alfresco dining and shopping in Anaheim, California on April 11, 2021.
AaronP | Farmer Griffin | GC images | Getty Images
Check out the companies that are making headlines in midday trading.
Disney – The media giant’s shares rose 1% and became the biggest winner in the Dow Jones Industrial Average with 30 stocks after a report on lost profits. Disney exceeded Wall Street’s expectations for Disney + subscription growth, total revenue and earnings for the third fiscal quarter.
The Honest Company – The Honest Company’s shares fell 28% after the baby and beauty products business reported worse-than-expected financial results for the second quarter. Founded by Jessica Alba, the company posted sales of $ 74.6 million, a loss of 17 cents per share. Wall Street expected a loss of 14 cents per share at $ 78.8 million, according to Refinitiv.
Airbnb – Airbnb shares offset previous losses, rising about 1% after the vacation rental company announced it expected impending volatility due to the Covid Delta variant. Airbnb posted revenue of $ 1.34 billion in the second quarter, nearly 300% more than last year. Wall Street expected sales of $ 1.26 billion, according to Refinitiv.
23andMe – 23andMe shares fell more than 5% after the genetic research company reported $ 59 million in revenue as a publicly traded company in the first quarter. Quarterly sales are 23% higher than in the previous year.
SoFi – The fintech company’s shares fell more than 14% after the quarterly results were released on Thursday. SoFi posted a loss of 48 cents per share in the second quarter, more than the analyst forecast of 6 cents per share. However, it also exceeded revenue estimates and the reported membership has more than doubled from last year.
Pfizer – Pfizer shares rose 2.6% after FDA approved booster vaccines of Pfizer / BioNTech and Moderna-Covid vaccines for immunocompromised people. Moderna went a little higher.
ZipRecruiter – ZipRecruiter stock was down 0.5% after posting an unexpectedly high quarterly loss. The online job market posted a quarterly loss of 55 cents per share, compared to a consensus estimate of 22 cents per share, according to Refinitiv.
Rocket Companies – Rocket shares rose 10% despite the lack of quarterly earnings for the operator of the online mortgage platform in terms of sales and earnings. The company said it expects its completed loan volume for mortgage lending in 2021 to surpass the record high of $ 320 billion in 2020.
Advanced Micro Devices – Advanced Micro Devices shares rose more than 3% after Bank of America reiterated its buy rating on the stock, saying the stock could rise 25%. “We see a lot of catching-up potential despite the strongest EPS upward corrections in the semifinals,” said the company.
eBay – Ecommerce stock rose over 7%, extending its surge since Wednesday’s bottom line. Argus Research reiterated its buy rating for the stock on Friday and said in a statement to customers that the stock was attractively valued, even if it was exposed to tough comparisons in the coming quarter.
– CNBC’s Tanaya Macheel, Yun Li and Jesse Pound contributed to the coverage.
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