Stock Groups

Roblox, Electronic Arts, Coinbase, RealReal and more

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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

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