Check out the companies making headlines in midday trading: SoFi Technologies — The consumer fintech company’s stock price plunged about 10% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between $555 million and $565 million, and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in revenue and net income of $13.9 million. SoFi’s earnings for the first quarter topped analysts’ estimates, however. Tesla — The Elon Musk-led company saw shares soar 16% after the electric car make r passed a significant milestone to roll out its full self-driving technology in China. Tesla on Sunday said local Chinese authorities removed restrictions on its cars after passing the country’s data security requirements. Domino’s Pizza — Shares of the pizza chain advanced 4.5% on better-than-expected earnings for the first quarter. Domino’s reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG, and said its U.S. same-store sales growth increased year over year. Philips — Shares of the Dutch medical devices giant popped more than 29%, reaching a two-year high, after Philips agreed to a $1.1 billion settlement in the U.S. for personal injury cases associated with the recall of some of its sleep apnea devices, millions of which were recalled in 2021 over concerns that they included parts that carr …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: SoFi Technologies — The consumer fintech company’s stock price plunged about 10% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between $555 million and $565 million, and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in revenue and net income of $13.9 million. SoFi’s earnings for the first quarter topped analysts’ estimates, however. Tesla — The Elon Musk-led company saw shares soar 16% after the electric car make r passed a significant milestone to roll out its full self-driving technology in China. Tesla on Sunday said local Chinese authorities removed restrictions on its cars after passing the country’s data security requirements. Domino’s Pizza — Shares of the pizza chain advanced 4.5% on better-than-expected earnings for the first quarter. Domino’s reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG, and said its U.S. same-store sales growth increased year over year. Philips — Shares of the Dutch medical devices giant popped more than 29%, reaching a two-year high, after Philips agreed to a $1.1 billion settlement in the U.S. for personal injury cases associated with the recall of some of its sleep apnea devices, millions of which were recalled in 2021 over concerns that they included parts that carr …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
