Uber’s stock surged 11%, reaching a new high as the company announced a $7 billion share repurchase plan. Expectations for mid to high-teens growth in gross bookings over the next three years also boosted confidence.
IQVIA Holdings experienced a 10% increase in shares following better-than-expected fourth-quarter earnings of $2.84 per share. Revenue of $3.87 billion surpassed estimates.
Charles River Laboratories saw a 9% rise in shares after exceeding analysts’ expectations with adjusted earnings of $2.46 per share and revenue of $1.01 billion for the fourth quarter.
DaVita’s stock jumped 7% after beating earnings and revenue estimates, reporting earnings of $1.87 per share on $3.15 billion in revenue for the quarter.
Robinhood Markets surged 9% following an unexpected earnings and revenue beat, posting earnings of 3 cents per share and revenue of $471 million.
Zillow’s shares rose over 6% after reporting adjusted earnings of 20 cents per share on revenues of $474 million, surpassing analysts’ estimates.
Topgolf Callaway advanced 6% after reporting a narrower-than-expected adjusted loss of 30 cents per share for the fourth quarter, with revenue of $897 million exceeding estimates.
Akamai Technologies shares slipped 8% after missing analyst expectations for fourth-quarter revenue, posting $995 million against the forecast of $998 million.
MGM Resorts International saw an 8% drop in shares despite reporting better-than-expected fourth-quarter results, attributed to a strike in Detroit and labor costs affecting the U.S. regional casino segment.
Kraft Heinz’s stock fell over 6% after fourth-quarter revenue fell short of expectations at $6.86 billion, while adjusted earnings per share of 78 cents were slightly above estimates.
Airbnb’s shares declined around 3% despite reporting a revenue beat for the fourth quarter, with a loss per share of 55 cents raising concerns over first-quarter bookings.
