Affirm, Electronic Arts, Dell, Seagen, and more

Electronic Arts (EA) banners are displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada.

Ben Nelmez | Bloomberg | Getty Images

Electronic Arts (EA) banners are displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada.

Ben Nelmez | Bloomberg | Getty Images

Check out which companies are making the headlines in midday trading.

Confirms – The buy-now-pay-later provider’s shares are down more than 20% after the company A Quarterly loss larger than expected. Affirm also released a disappointing forecast, but posted quarterly revenue that beat Wall Street estimates.

Farfetch Shares of the luxury online retailer jumped nearly 30% after the company reported quarterly earnings that beat analysts’ expectations. Farfetch posted a lower-than-expected loss and a higher-than-expected return.

peloton Peloton shares continued to slide, down nearly 5% on Friday. The connected fitness equipment maker closed down 20% Thursday after that Report sales decline And the widening of losses in the last quarter of the fiscal year. The stock’s latest move came after Peloton’s 20% rally on Wednesday in Its Partnership News with Amazon.

Centene . Company – Shares of the healthcare company lost 5% after Wells Fargo Securities downgraded its rating to equal weight of overweight. In a statement, the company said it had not secured contracts in some areas of California, which Wells Fargo described as the worst outcome.

electronic arts Shares of video game maker Electronic Arts rose 5% after a Swedish news report that Amazon will announce an offer to buy the company. However, the sources said CNBC’s David Faber said no such deal is in the works.

See also  Indonesia says Tesla struck $5 billion deal to buy nickel products

sign – Shares fell more than 5% after a report that an associate drug company had acquired Talks merck have faltered, according to Bloomberg. People familiar with the matter told the news service that the two sides failed to agree on a purchase price.

everbridge – Everbridge earned 16.8% in Bloomberg Report The software company is exploring a potential sale.

Dell Technologies Dell stock fell 11.5% after revenue in the last quarter was less than analysts’ expectations as the PC market showed signs of weakness. The company topped earnings estimates by 4 cents per share.

a work day Workday’s shares rose 2.8% after the tech company beat expectations for the second quarter. The company earned 83 cents per share after adjustments to $1.54 billion in revenue. Analysts polled by Refinitive had expected earnings of 80 cents per share and revenue of $1.52 billion. Workday maintained its subscription revenue estimate for the full year and raised margin guidance.

– CNBC’s Carmen Renick, Michelle Fox, Jesse Pound and Yoon Lee contributed reporting

Leave a Reply

Your email address will not be published.