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Check out the companies making headlines in afternoon trading.
lyft Ridesharing stock plunges 36% after release disappointing guidance For this first quarter, Lyft too downgrade from analysts Who’s to say that Uber may appear to be better positioned to capitalize on the broader recovery in ridesharing. Uber Shares were also down about 4%.
Spotify — Shares of the music streamer jumped 3% following news that ValueAct has taken a stake in the company. Spotify recently reported Q4 Results Which showed strong user growth.
expedia — The travel company’s stock fell nearly 8% after it missed analysts’ revenue and earnings expectations for the most recent quarter. Expedia posted adjusted earnings of $1.26 per share on revenue of $2.62 billion. Analysts were calling for earnings of $1.67 per share on $2.70 billion in revenue, according to Refinitiv.
bark — Shares of Yelp jumped 4% after fourth-quarter revenue beat analysts’ expectations, according to Refinitiv. The company posted earnings that were in line with estimates.
Voice – Buy now, pay later Stock is down more than 5% downgrade to equal weight Overweight rating by Morgan Stanley. The Wall Street firm said that Affirm’s offering was heavily focused on.
paypal – PayPal shares traded nearly 1% higher after CEO Dan Schulman’s announcement plan to retire By the end of the year from online payment company.
VF Corporation — Shares rose 2.6% after Stifel Upgraded Apparel Maker To buy from a catch. Stifel said the company, which is the parent of brands including Vans and The North Face, was at an attractive stock price following the selloff due to the dividend cut.
freezer battery – Shares of the battery maker climbed 1% after Bank of America initiated coverage of the stock with buy rating, Bank of America said the startup’s battery cell design and ability to raise capital make it a strong candidate to grow into a larger company.
cloud flare – Cybersecurity stocks added below 1%. Late Thursday, Cloudflare posted top and bottom beats for the fourth quarter. The company earned 6 cents per adjusted share on $275 million in revenue. Analysts polled by Refinitiv were expecting 5 cents per share and $274 million in revenue. Cloudflare’s full-year revenue guidance also topped estimates.
Deutsche Bank Shares fell 3% after Bank of America downgrade deutsche bank to underperform from neutral, adding that the European bank is “struggling to improve profitability.”
Newell Brands Shares of the consumer goods company declined 2%. Newell provided the first quarter Full-year EPS and revenue guidance that missed analysts’ estimates, according to StreetAccount. CEO Ravi Saligram also announced his retirement effective May 16.
Motorola Solutions — Motorola Solutions shares soared more than 3% after it beat analysts’ expectations on both the top and bottom line for the most recent quarter, according to FactSet.
Behaviour — Shares of Doximity shed more than 12% on lower-than-expected guidance for the current quarter and full year. According to FactSet, shares declined despite the top- and bottom line beating analysts’ expectations.
Topgolf Callaway Brands , The golf company’s stock fell nearly 4% after the company posted a per-share loss of 27 cents excluding items. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter fell short of analysts’ expectations, according to FactSet.
— CNBC’s Jesse Pound, Alex Harring, Michelle Fox, Sarah Min and Yun Lee contributed reporting