Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in the world of finance. Today, we take a closer look at some of the key movers and shakers in midday trading.
Planet Fitness saw a 7.9% jump in shares following a strong first-quarter earnings report. Yeti, the drinkware maker, also soared 9.7% on the back of impressive financial results that exceeded analysts’ expectations. However, British chip designer Arm fell 1% after issuing revenue guidance that left investors unimpressed.
Klaviyo surged 15% on strong guidance for the second quarter, while Airbnb stumbled more than 6% after offering weaker-than-expected guidance for the same period. AppLovin, the mobile technology company, saw a 19% increase in shares following better-than-expected first-quarter earnings.
On the other hand, SolarEdge lost 6% after posting a wider-than-expected loss in the first quarter, and AMC Entertainment dropped 4.6% after reporting a decline in revenue and attendance. Duolingo slid 17.3% despite beating revenue expectations, and Bumble moved 7% higher after exceeding earnings estimates.
Warby Parker surged 14% following better-than-expected first-quarter results, Tapestry rose 2.5% after reporting better-than-expected earnings in its fiscal third quarter, and Roblox sank more than 21% after lowering its annual bookings guidance.
Forward Air plunged 25% after reporting a larger-than-expected loss in the first quarter, while Cheesecake Factory rallied nearly 9% on beating first-quarter earnings estimates. Affirm bounced back 4.9% after a decline, and Norfolk Southern fell more than 3% amid a proxy battle with activist investors.
Equinix, the data center real estate investment trust, climbed 11% after reporting an earnings beat for the first quarter. CEO Charles Meyers attributed the success to the rapidly evolving AI landscape.
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