Stock Groups

Roblox, Electronic Arts, Coinbase, RealReal and more


At the Redwood City headquarters, in California, the Studio Showcase media events saw an attendee try out an Electronic Arts videogame.

Tony Avelar | Bloomberg | Getty Images

These are the headline-grabbing companies in midday trading.

Unity Software — The stock plunged more than 33% after the video game software company posted revenue below expectations. Unity Software posted revenue of $320 million for the first quarter. Analysts surveyed by Refinitiv anticipated $322 million.

Coinbase — Shares sank 23% after Coinbase reported first-quarter revenue below expectations. Coinbase reported revenue of $1.17 Billion, compared to the consensus Refinitiv estimate of $1.48 Billion. According to the company, lower prices for crypto assets and volatility in markets impacted its first quarter results.

Electronic Arts — The video game publisher’s shares jumped 11% after the company posted its recent earnings and announced it will end its partnership with FIFA. MoffettNathanson analysts recommended shares of Electronic ArtsThe company has a stable foundation that can weather volatility in the market.

Roblox —  Shares of the online gaming platform jumped more than 7% despite weaker-than-expected quarterly results. Roblox posted a 27-cent loss in the most recent quarter, as compared with the 21 cents that analysts expected from Refinitiv. Refinitiv estimates that revenue was $645m, while it came in at $631.2m.

Wendy’s — The fast-food chain’s shares sank 9% after Wendy’s missed first-quarter estimates on the top and bottom lines. On $489 million in revenue, the company earned an average 17 cents per share. Refinitiv analysts surveyed had predicted 18 cents per-share on $497million of revenue. U.S. sales growth was only 2.4%, despite an increase in total restaurants. Margins at companies-operated margins also declined.

The RealReal — Shares of the secondhand luxury seller dropped 13% after the company reported a wider-than-expected loss for its most recent quarter. RealReal claimed that the company is well-positioned to profit from higher prices, which could reflect in new luxury products’ prices.

Krispy Kreme — The doughnut stock jumped more than 6% after a better-than-expected first quarter. Krispy Kreme posted adjusted earnings per share of 8c on revenue of $373million. Refinitiv analysts polled expected 7 cents per share for $368 million in revenue. Operating income margin grew year-over-year for the company.

Occidental Petroleum — The stock rose more than 2% after a better-than-expected quarterly report. Occidental posted first quarter earnings of $2.12 per sen on $8.53 trillion in revenue. According to Refinitiv, analysts had predicted a profit in the first quarter of $2.03 per Share on revenues of $8.08 Billion.

Perrigo — The pharmaceutical stock climbed more than 6% after Perrigo’s first-quarter revenue came in higher than expected. A combination of an acquisition and organic sales growth guidance resulted in the company increasing its full year net sales growth forecast to 8.5%-9.5%. The company’s first quarter earnings per share were lower than expected.

H&R Block — The tax prep company saw shares jump 17% after reporting better-than-expected earnings and revenue for the most recent quarter and issued positive financial guidance on upbeat results from tax season.

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