Stock Groups

Shopify, Etsy, Twitter and more

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In this illustration from April 25, 2022, Elon Musk is shown using the Twitter logo. 

Dado Ruvic | Reuters

Take a look at the top companies in Thursday’s midday trading:

EPAM Systems — Shares jumped 10% after the computer software company posted better-than-expected results for the previous quarter. EPAM posted $2.49 earnings per stock on revenue of $1.17billion. A consensus estimation by FactSet showed that the company would earn $1.79 per shares on $1.06 billion in revenue.

Booking Holdings — Booking’s stock price jumped 4% after the company’s quarterly results topped analyst expectations. In its latest quarter, Booking also posted $27 billion gross bookings. This is a record quarterly number for the company. According to the company, it’s preparing for an active summer season.

Shopify — Shares of the e-commerce platform stock fell 14% after the company forecast that revenue growth would be lower in the first half of the year, as it navigates tough pandemic-era comparisons. Shopify’s adjusted quarterly earnings were also 20 cents, which is significantly lower than the Refinitiv estimate of 64 cents.

Twitter — Shares gained more than 3% after CNBC’s David Faber reported Elon Musk is expected to serve as temporary CEO of TwitterMusk will continue to be a shareholder in the company for several months following his takeover of social media giant Twitter, worth $44 billion. Thursday’s regulatory filings also revealed that Musk had received an additional $7 billion from investors and friends to buy Twitter.

Etsy — Shares of the online marketplace dropped 16% after the company released weaker-than-expected guidance for the current quarter amid a drop in disposable income for consumers. Etsy reported earnings that were in line with expectations, and posted higher-than-expected revenues.

— CNBC’s Yun Li and Hannah Miao and contributed reporting.

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