Stocks Of Airbnb, Uber, MGM Resorts, Zillow and More Are Making Big Moves

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 posts surprise earnings beat, shares jump 9%.

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 reports better-than-expected results, shares drop 8%.

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.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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