MW Uber, Datadog stocks gain, Air Products shares lead S&P 500 losers and other stocks on the move
By MarketWatch
Planet Fitness' stock surges toward best day in 3 years, Sanmina shares slide toward a 14-month low
Here are some of the Tuesday's bigger, more-active movers:
Stock gainers:
Uber Technologies Inc. shares $(UBER)$ advanced more than 1% in active morning trading after the ride-hailing giant swung to a third-quarter profit that beat expectations, while revenue came up short.
Shares of Planet Fitness Inc. (PLNT) ran up 13% toward their best day in three years after the operator of fitness centers beat third-quarter earnings expectations, but said it was considering raising prices on classic memberships for the first time in 30 years.
D.R. Horton Inc.'s stock $(DHI)$ got a 3% boost after the homebuilder's fiscal fourth-quarter results fell, as it dealt with continued higher mortgage rates and inflationary pressures, but beat Wall Street forecasts.
Datadog Inc. shares (DDOG) powered up 29%, which put them on track for a record one-day gain, after the analytics software company beat third-quarter profit and revenue expectations and provided an upbeat fourth-quarter outlook.
The results helped boost the shares of Datadog peers ahead of their earnings. Shares of Snowflake Inc. (SNOW) shot up 12%, of MongoDB Inc. (MDB) hiked up 15% and of Elastic NV $(ESTC)$ climbed 7.7%.
Shares of Tripadvisor Inc. $(TRIP)$ jumped 8% after the online travel platform blew past Wall Street expectations for its quarterly profit and sales, with revenue jumping 16%.
TransMedics Group Inc. shares (TMDX) rocketed 53% after the company beat third-quarter revenue expectations and raised its full-year outlook, reflecting growing demand for its organ-transplant services.
Brink's Co. shares $(BCO)$ advanced 9% toward their biggest gain in nine months after the cash management company beat earnings expectations.
Vivid Seats Inc.'s stock (SEAT) leapt 7% after the marketplace that links buyers with ticket sellers for thousands of events each year posted revenue that beat expectations and announced a deal to acquire smaller rival Vegas.com in a cash-and-stock deal valued at $240 million.
Shares of KKR & Co. Inc. $(KKR)$ climbed 6% toward their best one-day performance in a year after the private-equity firm topped third-quarter profit and asset management revenue expectations.
RingCentral stock $(RNG)$ rose 4% as the cloud communication company raised its sales guidance.
UBS shares (UBS) tacked on 2% as the Swiss bank reported a third-quarter loss, but said its underlying profit was ahead of analyst estimates.
Hims & Hers Health Inc.'s stock $(HIMS)$ rallied 12% after the telehealth company reported third-quarter revenue that increased more than Wall Street projected and raised its full-year outlook.
Alteryx Inc. shares (AYX) surged 21% after the software company reported a narrower-than-expected third-quarter loss and sales that rose above forecasts.
Stock decliners:
Air Products & Chemicals Inc.'s stock $(APD)$ sank 11% toward a one-year low, enough to pace the S&P 500 index's SPX decliners, after the industrial gases company beat third-quarter profit expectations but missed on revenue by a wide margin, citing lower energy cost pass-through.
Emerson Electric Co. shares $(EMR)$ shed 8%, to make the S&P 500's second-worst performer, after the industrial automation company's fiscal fourth-quarter results rose, but missed expectation.
Shares of Sanmina Corp. $(SANM)$ slid 13% toward a 14-month low after the manufacturing services provider's fourth-quarter results and first-quarter forecast missed expectations.
Ventyx Biosciences Inc.'s stock $(VTYX)$ plummeted a record 80% toward a record low, after the biopharmaceutical company said it has decided not to support further development of its plaque psoriasis and psoriatic arthritis treatments after disappointing trial results.
-MarketWatch
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
November 07, 2023 11:58 ET (16:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Comments