SoFi, Upstart, Coinbase By

© Reuters

By Sam Boughedda — The and are selling off again Monday, albeit not as significantly, with the up 0.02% just before lunchtime. There have already been some considerable moves lower. Here are your midday movers on Tuesday, May 10th.

SoFi Technologies (NASDAQ:) has plummeted 18.5% after it seemed to accidentally report earnings ahead of this evening’s scheduled release. In a post labeled “test,” the company posted a loss per share of $0.14, with revenue for the first quarter coming in at $322 million.

Upstart (NASDAQ:) is now down 60% despite beating and revenue expectations. The decline is due to the company cutting its outlook, stating that the current macroeconomic environment will possibly negatively impact loan volume.

After initially rising, AMC Entertainment (NYSE:) is now down 7%. The company posted a greater than expected quarterly loss while topped analyst forecasts.

Coinbase Global (NASDAQ:) has tumbled 11.2% ahead of its scheduled earnings report after the close. Analysts polled by the company to post earnings per share of 0 cents on revenue of $1.5 billion.

Peloton Interactive (NASDAQ:) has also fallen Tuesday — down 14% — after it posted that missed analyst expectations. The home fitness equipment and subscription firm reported a loss per share of $2.27 on revenue of $964.3 million.

Roblox (NYSE:) is another stock that has declined before its earnings release after the close. Roblox shares are down 8.4% midday. Earlier in the session, the company’s price target was cut to $36 from $70 at Truist.

Source link

Stay in Touch

To follow the best weight loss journeys, success stories and inspirational interviews with the industry's top coaches and specialists. Start changing your life today!


Related Articles