Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. The company also said it expects a loss within its direct-to-consumer entertainment business this quarter. Nvidia — Shares slipped about 1%. Billionaire investor Stanley Druckenmiller said on CNBC’s ” Squawk Box ” that he cut his stake in the chipmaker in late March, saying that artificial intelligence may be a “little overhyped” in the short term. Ferrari NV — U.S.-traded shares of the Italian sportscar maker declined nearly 5%. Ferrari surpassed Wall Street’s estimates on the top and bottom lines for the first quarter, per FactSet, but the company reaffirmed previous revenue and earnings per share guidance for the full year. Datadog — Shares tumbled 10% after the company announced in an earnings release that Amit Agarwal will step down as president at the end of this year. The maker of cloud applications posted better-than-expected adjusted earnings and revenue for the first quarter, according to FactSet. Elsewhere, deferred revenue came in light and billings were in line with expectations. Lucid Group — The electric vehicle company dropped 13% after posting a loss of 30 cents per share on generally accepted acc …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. The company also said it expects a loss within its direct-to-consumer entertainment business this quarter. Nvidia — Shares slipped about 1%. Billionaire investor Stanley Druckenmiller said on CNBC’s ” Squawk Box ” that he cut his stake in the chipmaker in late March, saying that artificial intelligence may be a “little overhyped” in the short term. Ferrari NV — U.S.-traded shares of the Italian sportscar maker declined nearly 5%. Ferrari surpassed Wall Street’s estimates on the top and bottom lines for the first quarter, per FactSet, but the company reaffirmed previous revenue and earnings per share guidance for the full year. Datadog — Shares tumbled 10% after the company announced in an earnings release that Amit Agarwal will step down as president at the end of this year. The maker of cloud applications posted better-than-expected adjusted earnings and revenue for the first quarter, according to FactSet. Elsewhere, deferred revenue came in light and billings were in line with expectations. Lucid Group — The electric vehicle company dropped 13% after posting a loss of 30 cents per share on generally accepted acc …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
