Shopify, JetBlue, Arm, ZoomInfo, Tripadvisor, WM, Biogen, Coca-Cola, and More Movers
Stocks fell sharply Tuesday after the consumer price index for January rose 3.1% year over year, down from December’s pace of 3.4%. Economists, however, had expected U.S. inflation to rise just 2.9% last month.
posted fourth-quarter earnings that beat estimates and guided for growth in 2024. But shares of the e-commerce platform fell 11% after
said it expects operating expenses to rise in the first quarter from the fourth quarter.
was rising 15% after activist Carl Icahn disclosed a 9.9% stake in the carrier, calling it an undervalued and “attractive” investment opportunity.
said he has been talking to
JetBlue
’s
management and directors about possible representation on the company’s board.
was down 14% on Tuesday after closing with a gain of 29% on Monday. Shares of the chip-design company have nearly doubled since Arm last week raised its guidance for the fiscal year.
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a provider of database information for corporate sales and marketing teams, was surging 13% after posting fourth-quarter adjusted earnings and revenue that topped Wall Street estimates. Adjusted earnings in the quarter were 26 cents a share, 1 cent ahead of estimates, while revenue rose 5% to $316.4 million and beat forecasts of $310.6 million.
Shares of
jumped 15% after the travel advice site said it formed a special committee to consider “any proposals that may be brought forward for a potential transaction.” Those proposals include one related to parent Liberty
Holdings, which disclosed in a filing Friday that its own board was engaged in discussions about a potential cash acquisition of Tripadvisor and Liberty TripAdvisor.
reported fourth-quarter earnings of $2.08 a share, beating analysts’ estimates of $1.70, as revenue jumped 21% $1.54 billion. The cloud-networking solutions company said it expects first-quarter revenue of between $1.52 billion to $1.56 billion versus estimates of $1.53 billion. The stock declined 5%.
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declined 6.9% after the toy maker reported fourth-quarter adjusted earnings that missed analysts’ estimates as revenue fell 23% from a year earlier. Hasbro said it expects consumer products revenue to fall 7% to 12% in 2024.
was up 8.2% after the provider of services for food and water safety issued adjusted earnings guidance for 2024 that topped analysts’ estimates.
declined 6.6% after fourth-quarter adjusted earnings of $2.95 a share missed analysts’ forecasts of $3.18. Revenue of $2.39 billion fell 6% from a year earlier and missed consensus of $2.47 billion.
WM, formerly known as
was rising 5.1% after fourth-quarter adjusted earnings topped forecasts and revenue rose 5.7% to $5.22 billion, beating analysts’ expectations of $5.19 billion.
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reported fourth-quarter earnings in line with expectations and edged past sales estimates partially due to higher prices. The stock was down 1.2%.
Fourth-quarter earnings at
the maker of electronic-design-automation software, topped analysts’ forecasts but earnings guidance for the first quarter came up short of estimates. Cadence Design said it expects first-quarter adjusted earnings of $1.10 to $1.14 a share on revenue of $990 million to $1.02 billion. Analysts had been anticipating earnings of $1.37 on revenue of $1.09 billion. Shares fell 3.7%.
Write to Joe Woelfel at joseph.woelfel@barrons.com
