Twitter, Shopify, eBay -Breaking
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© Reuters Sam Boughedda
Investing.com — U.S. indices are tumbling Thursday following Wednesday’s strong close. Below are the top mThe May 5th idday mover.
ShopifyStock in (NYSE:) is now down over 17% following the company’s report that it had missed revenue and profit expectations. It also offered a cautious outlook.
TwitterThe stock index rose 3.5% after news Elon Musk obtained $7.2 billion financing to finance his acquisition of the social media company. According to a filing, Larry Ellison (Operator:NYSE:), co-founder of Oracle (NYSE) is one of those who have committed funds.
Booking HoldingsAfter beating analysts’ expectations, (NASDAQ:) saw a more than 44% increase. This is due to the higher travel demand.
Etsy(NASDAQ) Analyst estimates also available. But, the stock dropped more than 16% due to its disappointing current quarter guidance.
eBay(NASDAQ) also fell 9% on Thursday midday. Although the eCommerce company exceeded revenue expectations, it provided lower-than expected guidance on revenue.
EPAM SystemsAfter top and bottom line estimates, (NYSE:) saw a 10% increase. Positive guidance was also offered by the company which is a specialist in digital platform engineering and service development.
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