Check out the companies making headlines in midday trading. Beyond Meat — The plant-based meat company skyrocketed more than 40% following its revenue beat . Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. The company also said it would “steeply reduce” costs this year. Bumble — The dating app stock tumbled more than 13% after reporting fourth-quarter earnings that fell short of Wall Street’s expectations and posting an unexpected loss of 19 cents per share. Bumble also issued first-quarter guidance on earnings before interest, taxes, depreciation and amortization that came in weaker than anticipated. The company announced plans to lay off 350 employees . Advance Auto Parts — The auto parts retailer popped 5% after sharing optimistic full-year guidance. Advance Auto Parts forecast earnings per share of between $3.75 and $4.25 for 2024, higher than the $3.65 expected by analysts polled by FactSet. As for the latest quarter, the company matched revenue estimates but posted an unexpected loss. eBay — Shares soared more than 7% after the online marketplace said it would raise its dividend by 2 cents. It also announced an additional $2 billion in share buybacks. Baidu — The U.S.-listed shares of the Chinese internet company tumbled 7% after Baidu posted fourth-quarter adjusted EBITDA …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Beyond Meat — The plant-based meat company skyrocketed more than 40% following its revenue beat . Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. The company also said it would “steeply reduce” costs this year. Bumble — The dating app stock tumbled more than 13% after reporting fourth-quarter earnings that fell short of Wall Street’s expectations and posting an unexpected loss of 19 cents per share. Bumble also issued first-quarter guidance on earnings before interest, taxes, depreciation and amortization that came in weaker than anticipated. The company announced plans to lay off 350 employees . Advance Auto Parts — The auto parts retailer popped 5% after sharing optimistic full-year guidance. Advance Auto Parts forecast earnings per share of between $3.75 and $4.25 for 2024, higher than the $3.65 expected by analysts polled by FactSet. As for the latest quarter, the company matched revenue estimates but posted an unexpected loss. eBay — Shares soared more than 7% after the online marketplace said it would raise its dividend by 2 cents. It also announced an additional $2 billion in share buybacks. Baidu — The U.S.-listed shares of the Chinese internet company tumbled 7% after Baidu posted fourth-quarter adjusted EBITDA …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
