Check out the companies making the biggest moves midday. Roblox — The video game stock soared 10% after the company posted a loss of 52 cents per share, less than the 55 cent per share loss expected from analysts polled by LSEG. Revenue, or bookings, also beat expectations, coming in at $1.13 billion versus the $1.08 billion expected. New York Community Bancorp — Shares tumbled 6%. Late Tuesday, Moody’s Investors Service downgraded New York Community Bank’s credit ratings to junk. On Wednesday, the bank appointed Alessandro DiNello as executive chair effective immediately to help improve operations. Snap — Shares declined 35% a day after the company posted disappointing fourth-quarter results and weak forward guidance. The company said it was facing headwinds from the Israel-Hamas war. Earlier this week, Snap announced it would lay off 10% of its global workforce. Enphase Energy — The solar stock popped nearly 17%. The action follows a day after CEO Badri Kothandaraman said on the company’s earnings call that the solar market could hit a bottom in the first quarter and then begin to recover. Adjusted earnings per share for the fourth quarter came in at 54 cents, slightly below the 55 cents expected from analysts polled by FactSet. Revenue also missed expectations. Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves midday. Roblox — The video game stock soared 10% after the company posted a loss of 52 cents per share, less than the 55 cent per share loss expected from analysts polled by LSEG. Revenue, or bookings, also beat expectations, coming in at $1.13 billion versus the $1.08 billion expected. New York Community Bancorp — Shares tumbled 6%. Late Tuesday, Moody’s Investors Service downgraded New York Community Bank’s credit ratings to junk. On Wednesday, the bank appointed Alessandro DiNello as executive chair effective immediately to help improve operations. Snap — Shares declined 35% a day after the company posted disappointing fourth-quarter results and weak forward guidance. The company said it was facing headwinds from the Israel-Hamas war. Earlier this week, Snap announced it would lay off 10% of its global workforce. Enphase Energy — The solar stock popped nearly 17%. The action follows a day after CEO Badri Kothandaraman said on the company’s earnings call that the solar market could hit a bottom in the first quarter and then begin to recover. Adjusted earnings per share for the fourth quarter came in at 54 cents, slightly below the 55 cents expected from analysts polled by FactSet. Revenue also missed expectations. Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
