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    Chick-fil-A operators have helped 177 employees graduate from college debt-free

    Chick-fil-A operators have helped 177 employees graduate from college debt-free

    Rep. Al Green files articles of impeachment against Trump over alleged ‘authoritarianism’

    Rep. Al Green files articles of impeachment against Trump over alleged ‘authoritarianism’

    FLASHBACK: Biden shrugs of Hur report when pressed by Peter Doocy: ‘I know what the hell I’m doing’

    FLASHBACK: Biden shrugs of Hur report when pressed by Peter Doocy: ‘I know what the hell I’m doing’

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    Caitlin Clark and Angel Reese renew fierce rivalry in WNBA season opener

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    Best Memorial Day deals: get up to 64% off from Home Depot, Walmart, Amazon, Wayfair and other stores

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    The Border Crisis Was Intentional, But Why?

    The Border Crisis Was Intentional, But Why?

    Jamie Raskin And Judiciary Democrats Launch Investigation Into Trump’s Qatar Plane

    Jamie Raskin And Judiciary Democrats Launch Investigation Into Trump’s Qatar Plane

    Feds Investigating Whether Comey Post Was Threat On Trump

    Feds Investigating Whether Comey Post Was Threat On Trump

    Colorado’s Democrat Governor Signs Law That Makes it Illegal to ‘Deadname,’ ‘Misgender’ Transgender People in ‘Certain Places’ | The Gateway Pundit

    Colorado’s Democrat Governor Signs Law That Makes it Illegal to ‘Deadname,’ ‘Misgender’ Transgender People in ‘Certain Places’ | The Gateway Pundit

  • Business
    Trump tells Walmart to ‘EAT THE TARIFFS’ after retail giant warns on price hikes from higher import taxes

    Trump tells Walmart to ‘EAT THE TARIFFS’ after retail giant warns on price hikes from higher import taxes

    The secret to Warren Buffett’s stock-picking success: He knew how to change his mind

    The secret to Warren Buffett’s stock-picking success: He knew how to change his mind

    Inside the secret history of Walmart’s innovator’s dilemma and its decades-long road to e-commerce success

    Inside the secret history of Walmart’s innovator’s dilemma and its decades-long road to e-commerce success

    U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade

    U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade

  • Science
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Twitter, Affirm, Robinhood and more

by Admin
May 14, 2022
in Business
Twitter, Affirm, Robinhood and more


Traders work on the floor of the New York Stock Exchange. 

NYSE

Check out the companies making headlines in midday trading.

Twitter — Shares of the social media platform slid 9.7% after Elon Musk said his take-private deal is on hold until he receives more information about how many fake accounts there are on Twitter. Still, Musk said he was “still committed to the acquisition.”

Affirm — Shares of the buy-now, pay-later lender surged 31.4% after Affirm beat expectations for its fiscal third quarter. The company reported a loss of 19 cents per share on $355 million of revenue. Analysts surveyed by Refinitiv had penciled in a loss of 51 cents per share on $344 million of revenue. Affirm also announced a multiyear extension of its partnership with Shopify.

Robinhood — Shares of the investing app jumped 24.9% on Friday after the CEO of crypto exchange FTX, Sam Bankman-Fried, picked up a 7.6% stake in Robinhood for $648 million after the stock hit an all-time low this week. His new position makes him the third-largest shareholder in the company.

Duolingo — Shares surged 34% after the language software company posted better-than-expected quarterly earnings and revenue. Duolingo issued upbeat quarterly revenue guidance, and reported all-time high active user numbers.

Figs — Figs shares fell 25% on the back of disappointing quarterly results. The health-care apparel maker posted a profit of 5 cents per share on revenue of $110.1 million. Analysts expected earnings of 6 cents per share on sales of $117.3 million, according to StreetAccount. The company also issued weaker-than-expected revenue guidance for the year.

Krispy Kreme — Shares of the doughnut chain popped 10.4% after an upgrade from HSBC. “We expect more pricing and higher scale resulting from an aggressive point of access expansion will keep earnings expectations on track,” HSBC said. 

Toast — Shares of Toast added 4.9% after the tech and payments platform for restaurants reported a loss for its most recent quarter that was narrower than expected by Wall Street analysts. The company also issued upbeat revenue guidance for the year.

Poshmark — Poshmark rose 23.9% after the company reported a quarterly loss of 18 cents per share. Wall Street analysts expected a loss of 22 cents per share, according to Refinitiv. Revenue for the quarter of $90.9 million also beat estimates of $87.5 million.

The Honest Company — Shares of The Honest Company were up 8.2% after the maker of personal care and household products reported a quarterly loss and revenue that were in line with analyst expectations. The company also reiterated its full-year revenue guidance.

Ford Motor — Shares of the carmaker added 8.5% after Morgan Stanley upgraded the stock to equal weight from underweight, saying the market is underestimating certain parts of the company’s business.

— CNBC’s Jesse Pound, Sarah Min, Yun Li and Hannah Miao contributed reporting



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