Check out the companies making headlines in midday trading: Novavax — The biotech company soared 110% after announcing a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize its Covid vaccine starting next year. The companies will also develop combination shots targeting the coronavirus and flu. Taiwan Semiconductor Manufacturing — The chipmaker jumped 5% after reporting a 60% surge in year-over-year April revenues , helped by ongoing demand for artificial intelligence. Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The salad chain posted revenue of $158 million, slightly beating an LSEG estimate of $152 million. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Unity Software — The video game software stock lost 7%. Unity posted a wider-than-expected first-quarter loss of 75 cents a share, versus the 63 cents expected by analysts polled by LSEG. Unity Software said it expects adjusted EBITDA for the second quarter to range between $75 million and $80 million, versus Wall Street’s consensus estimate of $98 million. Akamai Technologies — The cloud company sank 10% on a weak outlook and mixed quarterly results. Akamai Technologies said it expects revenue for the year to range between $3.95 billion and $4.02 billion. Analysts polled by LSEG called for revenue of $4.08 billion for the year. Array Technologies — The s …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Novavax — The biotech company soared 110% after announcing a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize its Covid vaccine starting next year. The companies will also develop combination shots targeting the coronavirus and flu. Taiwan Semiconductor Manufacturing — The chipmaker jumped 5% after reporting a 60% surge in year-over-year April revenues , helped by ongoing demand for artificial intelligence. Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The salad chain posted revenue of $158 million, slightly beating an LSEG estimate of $152 million. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Unity Software — The video game software stock lost 7%. Unity posted a wider-than-expected first-quarter loss of 75 cents a share, versus the 63 cents expected by analysts polled by LSEG. Unity Software said it expects adjusted EBITDA for the second quarter to range between $75 million and $80 million, versus Wall Street’s consensus estimate of $98 million. Akamai Technologies — The cloud company sank 10% on a weak outlook and mixed quarterly results. Akamai Technologies said it expects revenue for the year to range between $3.95 billion and $4.02 billion. Analysts polled by LSEG called for revenue of $4.08 billion for the year. Array Technologies — The s …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
