Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more

by | May 9, 2024 | Financial

Check out the companies making headlines in midday trading. Planet Fitness — Shares jumped 7.9% after trading lower premarket Thursday. First-quarter earnings excluding one-time items of 53 cents a share topped analysts’ consensus estimate of 50 cents, EBITDA of $106.3 million was better than an estimated $104.8 million and comparable unit sales of 6.2% beat an estimated 4.2%, according to analysts’ average estimates from FactSet. Yeti — The drinkware maker popped 9.7% on the back of strong first-quarter financials. Yeti earned 34 cents per share, excluding items, on $341.4 million in revenue, while analysts polled by FactSet had expected 24 cents a share and $333.3 million. Yeti also raised its full-year guidance for earnings per share, while reaffirming its revenue growth outlook. Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Forthe full year 2025, Arm said it expects revenue of $3.8 billion to $4.1 billion, versus analyst expectations of $3.99 billion for the full year, according to LSEG data. The lackluster outlook overshadowed Arm’s positive sales quarter with a 47% year-over-year rise in revenue. Klaviyo — The data stock surged 15% on strong guidance. Klaviyo told investors to expect second-q …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Planet Fitness — Shares jumped 7.9% after trading lower premarket Thursday. First-quarter earnings excluding one-time items of 53 cents a share topped analysts’ consensus estimate of 50 cents, EBITDA of $106.3 million was better than an estimated $104.8 million and comparable unit sales of 6.2% beat an estimated 4.2%, according to analysts’ average estimates from FactSet. Yeti — The drinkware maker popped 9.7% on the back of strong first-quarter financials. Yeti earned 34 cents per share, excluding items, on $341.4 million in revenue, while analysts polled by FactSet had expected 24 cents a share and $333.3 million. Yeti also raised its full-year guidance for earnings per share, while reaffirming its revenue growth outlook. Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Forthe full year 2025, Arm said it expects revenue of $3.8 billion to $4.1 billion, versus analyst expectations of $3.99 billion for the full year, according to LSEG data. The lackluster outlook overshadowed Arm’s positive sales quarter with a 47% year-over-year rise in revenue. Klaviyo — The data stock surged 15% on strong guidance. Klaviyo told investors to expect second-q …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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