Take a look at the companies making headlines in midday trading.
Uber — Uber shares rose 11% to a new 52-week high after the company announced its first $7 billion stock repurchase authorization program. Uber also said it expects gross bookings to grow by mid- to double-digits over the next three years.
Lyft — The ride-hailing platform reported fourth-quarter adjusted earnings of 18 cents per share, beating the LSEG consensus estimate of 8 cents per share, sending the company’s shares soaring 31%. Lyft reported revenue of $1.22 billion, in line with analysts’ expectations.
IQVIA Holdings — Shares of the health technology company rose 10% after reporting fourth-quarter earnings of $2.84 a share, excluding items, compared with analysts’ expectations of $2.82 a share, according to FactSet data. Revenue for the quarter was $3.87 billion, slightly above expectations of $3.8 billion.
charles river laboratory — The drugmaker reported fourth-quarter adjusted earnings of $2.46 a share, beating analysts’ expectations of $2.40 a share, sending its shares up 9%, according to FactSet data. Charles River reported revenue of $1.01 billion, compared with analysts’ expectations of $991.3 million. The company’s full-year earnings per share guidance was capped at $11.40, also above estimates of $10.83 per share.
davita — Shares of the healthcare company rose 7% after beating revenue and profit estimates. On Tuesday, DaVita reported earnings per share of $1.87, excluding taxes, on revenue of $3.15 billion. Analysts polled by FactSet expected earnings of $1.63 per share and revenue of $3.01 billion.
Robin Hood Market — Shares of the trading platform rose 9% after the company reported surprising earnings and revenue growth. Robinhood reported earnings of 3 cents per share, while analysts expected a loss of 1 cent per share, according to LSEG. Revenue was $471 million, higher than analysts’ expectations of $457 million.
Zillo — Real Estate Market Adjusted earnings per share were 20 cents on revenue of $474 million, sending shares up more than 6%. Zillow’s revenue of $452 million beat analysts’ expectations of 12 cents a share, according to LSEG.
Crypto Stocks – Stocks whose performance is tied to the price of Bitcoin surged after the cryptocurrency rose to more than two-year highs and regained a $1 trillion market capitalization.trading platform Coin Library Up about 13%, Bitcoin Proxy micro strategy Added 10%.miner iris energy Soared nearly 15% clean spark Soared 9%. marathon numbers and Anti-riot platform Add more than 10% each.
callaway premier golf — The sports equipment company reported a lower-than-expected fourth-quarter adjusted loss of 30 cents a share, while analysts expected a loss of 33 cents a share, sending shares up 6% at midday, according to LSEG. Revenue reached $897 million, higher than analysts’ expectations of $866 million.
Smart technology — Shares fell 8% after the cloud platform provider’s fourth-quarter revenue missed analysts’ expectations. Akamai reported revenue of $995 million, below the $998 million forecast by analysts surveyed by LSEG. Elsewhere, the company earned $1.69 per share (excluding items), above analysts’ expectations of $1.60 per share.
MGM Resorts International — Shares fell 8% despite better-than-expected fourth-quarter results. The company reported fourth-quarter profit and revenue that beat estimates. While the company’s China and Macau operations handily beat expectations, its U.S. casino operations were hurt by strikes in Detroit and labor costs.
Kraft Heinz — Food stocks fell more than 6% as fourth-quarter revenue fell short of expectations. Kraft Heinz reported revenue of $6.86 billion, but analysts forecast $6.99 billion, according to LSEG. The company’s adjusted earnings per share were 78 cents, 1 cent higher than analysts’ expectations.
Airbnb — Shares of the vacation property rental platform fell about 3% even as its fourth-quarter revenue beat expectations. Airbnb reported a loss of 55 cents per share, and it’s unclear how that loss compared to analysts’ estimates of LSEG’s profit of 62 cents per share. Airbnb also warned that there will be some pressure on the number of room nights booked in the first quarter due to strict comparisons.
Hasbro — Shares of the toy maker rose nearly 3%, rebounding from losses during Tuesday’s trading session. Hasbro shares fell after fourth-quarter profit and revenue fell short of analysts’ expectations. The company also issued lower-than-expected full-year revenue guidance.
—CNBC’s Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh and Michelle Fox contributed reporting.
