1 year ago
98 
Check retired the companies making headlines earlier the bell:
Coupa Software — Shares surged 11.6% aft the concern absorption bundle institution surpassed net estimates successful its caller quarter, and issued beardown full-year net and gross guidance. Coupa earned 20 cents per stock compared with estimates of 9 cents per share, according to Refinitiv.
UiPath — Shares plunged 22.4% aft UiPath issued third-quarter and full-year gross guidance that was beneath expectations, though the robotic process automation bundle institution bushed net and gross expectations successful its astir caller quarter.
Nio— The banal dropped 5.7% aft the Chinese electrical conveyance shaper lost $409.8 cardinal successful the 2nd quarter, implying importantly widening losses. Nio CFO Steven Wei Fang said the institution dealt with outgo pressures during Covid shutdowns successful April and May.
Newell Brands — Shares dropped 5.4% aft Newell lowered its third-quarter gross guidance. The genitor institution down brands specified arsenic Yankee Candle and Rubbermaid cited a "significantly greater than expected pullback" successful orders arsenic consumers woody with inflation.
Pinterest — Pinterest jumped 4.1% aft Wolfe Research upgraded the societal media banal to outperform, saying the institution tin execute connected semipermanent idiosyncratic and monetization goals nether its caller CEO.
ChargePoint — Shares precocious 3.3% aft Credit Suisse initiated sum of ChargePoint with a bargain rating, saying the banal tin surge astir 50% arsenic the marketplace for electrical conveyance charging stations gets a boost from the Inflation Reduction Act.
AstraZeneca — Shares declined 2.6% aft Morgan Stanley downgraded the banal to adjacent value from overweight, saying the banal has a "more balanced" risk-reward profile.
