Check out the companies making headlines in midday trading: Uber Technologies — The ride-hailing giant fell more than 8% after posting mixed first-quarter results . The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus analysts’ estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecast earnings of 23 cents per share. Reddit — Shares added roughly 3% after the social media platform reported stronger-than-expected revenue and robust daily active user growth in its debut report. Revenue came in at $243 million, topping the $212.8 million expected by analysts polled by LSEG. Intel — The chipmaker fell 2.8% after releasing revised second-quarter guidance. Intel said it now expects revenue below $13 billion for the quarter after the U.S. Department of Commerce revoked export licenses for China-based Huawei. Lyft — The ride-sharing company surged 5% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Total bookings also topped estimates. Shopify — Shares plummeted 19% as the company’s disappointing revenue and profit guidance for the current quarter overshadowed better-than-expected results for the latest reporting period. Shopify forecast revenue growth at a high-teens percentage year over year, which is in line with th …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Uber Technologies — The ride-hailing giant fell more than 8% after posting mixed first-quarter results . The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus analysts’ estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecast earnings of 23 cents per share. Reddit — Shares added roughly 3% after the social media platform reported stronger-than-expected revenue and robust daily active user growth in its debut report. Revenue came in at $243 million, topping the $212.8 million expected by analysts polled by LSEG. Intel — The chipmaker fell 2.8% after releasing revised second-quarter guidance. Intel said it now expects revenue below $13 billion for the quarter after the U.S. Department of Commerce revoked export licenses for China-based Huawei. Lyft — The ride-sharing company surged 5% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Total bookings also topped estimates. Shopify — Shares plummeted 19% as the company’s disappointing revenue and profit guidance for the current quarter overshadowed better-than-expected results for the latest reporting period. Shopify forecast revenue growth at a high-teens percentage year over year, which is in line with th …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
