Check out the companies with the biggest midday moves:
Robles — Shares rose 6 percent after the video game company reported bookings, or revenue, of $774 million, above the $766 million expected by analysts polled by Refinitiv. Average daily active users reached 66 million, a year-on-year increase of 22%. Roblox, however, reported a loss of 44 cents per share, beating analysts’ expectations for a loss of 40 cents per share.
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Icahn Enterprises — Shares in Carl Icahn’s conglomerate fell more than 15% after a regulatory filing showed that the U.S. Attorney’s Office for the Southern District of New York contacted the company seeking information about corporate governance and other materials. The regulator sought information a day after prominent short-seller Hindenburg Research took a short position in Icahn’s company, claiming the asset’s valuation was “inflated.”
Rivian — Shares of the electric car maker rose nearly 4% on Wednesday. On Tuesday, the company reported a smaller-than-expected quarterly loss and said it still expected to meet forward guidance. Its revenue of $661 million beat the $652 million estimate of analysts polled by Refinitiv.
Airbnb — Holiday bookings shares tumbled 10% a day after the company issued a weak outlook. While Airbnb topped revenue and profit expectations in the first quarter, it warned that average daily room rates would fall and growth in nights booked would slow in the second quarter compared with a year ago.
Twilio — Shares fell 15%. Tuesday, software company announces Its second-quarter revenue forecast came in below expectations. Twilio expected revenue of $980 million to $990 million, while analysts polled by Refinitiv expected revenue of $1.05 billion.
Syneos health — The stock surged 8.7% after news that it would be acquired by a company Consortium of Private Equity Firms, including Elliott Investment Management and Veritas Capital. The group will pay $43 per share.
dutch brothers — Shares of the drive-thru coffee chain fell 9%.exist TuesdayThe company’s same-store sales and revenue fell short of analysts’ expectations in the first quarter, according to FactSet.
Celsius Holdings — Shares rose 22%.exist Tuesday, the energy drink company reported first-quarter earnings of 40 cents a share, more than double the 19 cents a share expected by analysts polled by FactSet. Revenue also beat analysts’ expectations. Bank of America therefore upgraded the stock to buy from neutral.
western petroleum corp. — Shares of the oil major fell 3.9%. On Tuesday, Occidental reported first-quarter adjusted earnings of $1.09 a share, below the $1.24 expected by analysts polled by FactSet.
Intelligent Technology — Akamai Technologies shares up 7.7% The cloud service provider reported adjusted earnings of $1.40, above analysts’ expectations of $1.32 a share, according to FactSet. The company reported revenue of $915.7 million, beating estimates of $910.5 million. Akamai CEO Dr. Tom Leighton said the company is “off to a good start in 2023” while “reaching a major milestone in the first quarter, with security becoming our largest revenue generator for the first time in Akamai’s 25-year history.”
first citizens bank shares – Shares of the bank rose nearly 9 percent after the company reported first-quarter financial results, including a rise in deposits, in part due to its $49.26 billion purchase from Silicon Valley Bank in March.
Topgolf Callaway Brand – Shares of golf companies fell more than 17%. On Tuesday, Topgolf lowered its full-year earnings-per-share guidance and is now below analysts’ expectations, according to FactSet.
Rockwell Automation — Shares of the industrial technology company fell 3% after a report wall street journal The Biden administration is said to be investigating whether the industrial technology company exposed U.S. military, infrastructure and government assets through one of its facilities in China. Rockwell Automation told CNBC it has “no reports or other indications that these practices and agreements have been violated, or that any of our products have been vandalized,” and has not been notified of any investigations into the company’s work in China .
—CNBC’s Brian Evans, Yun Li, Alex Harring, Samantha Subin, Sarah Min and Tanaya Macheel contributed reporting.
