Tuesday, May 17, 2022
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Twitter, Affirm, Robinhood and extra

Try the businesses making headlines earlier than the bell:

Twitter (TWTR) – Twitter tumbled 14.6% in premarket buying and selling after Elon Musk tweeted that his deal to purchase the corporate was “temporarily” on hold, as he awaits particulars on the variety of faux and spam accounts on the platform.

Affirm Holdings (AFRM) – Affirm reported a quarterly lack of 19 cents per share, smaller than the 51 cent loss that analysts have been anticipating, with the fintech firm’s income beating forecasts. Affirm additionally raised its full-year income outlook and introduced the extension of its ongoing partnership with e-commerce platform operator Shopify. The inventory rocketed 33.8% greater within the premarket.

Robinhood Markets (HOOD) – Robinhood soared 22.4% in premarket buying and selling after Sam Bankman-Fried – who based cryptocurrency alternate FTX – revealed a 7.6% stake in a regulatory submitting. The acquisition makes him the third largest shareholder within the buying and selling platform firm.

Toast (TOST) – Toast added 3.2% within the premarket after the restaurant-focused know-how platform firm reported a smaller than anticipated quarterly loss in addition to income that beat Avenue forecasts. It additionally raised its full-year income forecast, as extra eating places undertake Toast’s know-how.

MicroStrategy (MSTR) – MicroStrategy rallied 13.9% in premarket motion in what’s been a risky week for the enterprise analytics firm. MicroStrategy, which has intensive bitcoin holdings, noticed its inventory fall greater than 25% on each Monday and Wednesday earlier than rising yesterday.

Roper Technologies (ROP) – The software program and engineered merchandise firm is close to a deal to promote its process-technology unit to personal fairness agency Clayton Dubilier & Rice for about $3 billion, in response to individuals aware of the matter who spoke to Bloomberg.

The Honest Company (HNST) – The Sincere Firm’s inventory rose 3.1% in premarket buying and selling after it reaffirmed its full-year income outlook. The non-public care and family merchandise firm additionally reported a quarterly loss and income numbers that have been each consistent with Wall Avenue forecasts.

Duolingo (DUOL) – The language software program supplier’s inventory surged 15.3% within the premarket after it reported a narrower quarterly loss and higher than anticipated income. Duolingo mentioned lively consumer numbers are at an all-time excessive, and it issued upbeat present quarter income steerage.

Figs (FIGS) – The well being care attire firm noticed its inventory plummet 25.2% in premarket buying and selling after it missed estimates with its newest quarterly outcomes and issued weaker than anticipated full-year steerage.

Poshmark (POSH) – The web attire market operator reported a lack of 18 cents per share, 4 cents smaller than Wall Avenue had anticipated, with income additionally beating estimates. That helped ship its refill 2.1% in premarket motion, although Poshmark issued a weaker than anticipated present quarter income forecast.

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