Lucid Air
Courtesy: Lucid Motors
Check retired the companies making headlines successful midday trading.
Nvidia — The spot banal spiked 12% aft Nvidia topped expectations connected the apical and bottommost lines successful its astir caller quarter. Wall Street analysts approved of the results, saying AI opportunities volition thrust growth for the chipmaker.
Lucid Group — The electrical conveyance shaper tumbled much than 18% aft posting fourth-quarter revenue that fell abbreviated of analysts' expectations. Bank of America besides downgraded the banal to neutral from a bargain rating, citing near-term request concerns.
Bumble — Shares added much than 4% aft Bumble bushed fourth-quarter gross expectations. However, the institution posted a quarterly nonaccomplishment of 85 cents per share, a fig that included an impairment complaint from shutting down operations successful Russia and Belarus.
Mosaic Company — Shares of the fertilizer mineral institution added 1.4% connected Thursday aft Mosaic's quarterly gross came successful higher than expected. The institution generated $4.48 cardinal successful revenue, portion analysts surveyed by StreetAccount were expecting $4.17 cardinal revenue. Mosaic's adjusted net per stock did miss expectations, but the institution said it expected a "recovery successful request for fertilizers" this year.
Lordstown Motors — Shares of the electrical conveyance shaper slid 14% aft the institution announced a production and transportation pause to code prime issues with definite Endurance components. Lordstown volition besides voluntarily callback 19 Endurance pickups to code a "specific electrical transportation contented that could effect successful a nonaccomplishment of propulsion portion driving."
Domino's Pizza, Papa John's International — The pizza chains fell 11% and 7.6%, respectively, aft they reported mixed earnings. Domino's gross and same-store income missed expert estimates, portion its adjusted net per stock beat. Papa John's bushed connected some net and revenue, but missed estimates connected North American company-owned edifice sales.
Nikola — Shares fell much than 7% aft Nikola reported quarterly gross that disappointed expert expectations. The electrical motortruck shaper said it delivered conscionable 20 battery-electric trucks to dealers contempt producing 133 trucks successful the 4th quarter.
eBay — Shares dropped 8.3% adjacent aft eBay reported fourth-quarter net that missed expectations. The online seller of goods posted a nett of 77 cents per share, beneath the Refinitiv estimation of 81 cents per share.
Alibaba Group — Shares fell much than 2% adjacent aft the Chinese e-commerce giant's fiscal third-quarter net bushed expert estimates. Earnings per American depository receipt stock came successful astatine 46.82 cardinal yuan, versus the 34.02 cardinal yuan expected. Revenue was 247.76 cardinal Chinese yuan ($35.92 billion), topping estimates of 245.18 cardinal Chinese yuan.
Moderna — The pharmaceutical banal fell much than 8% aft Moderna reported weaker-than-expected net for the 4th quarter, citing rising costs from surplus accumulation capableness and little request for its Covid-19 vaccine.
— CNBC's Michelle Fox, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting