Take a look at the businesses making headlines in noon buying and selling.
Etsy — Shares of the e-commerce firm plunged by more than 12% after Etsy’s income steering for the second quarter got here in lighter than anticipated. The corporate CFO additionally mentioned on the earnings name that “consumers have less disposable income and many more places to spend it,” which “creates a short-term headwind for sales.”
Booking Holdings — Shares of the journey reserving web site operator jumped 8.2% in prolonged buying and selling Wednesday after the corporate posted large beats on income and adjusted EBITDA for the primary quarter. It additionally reported $27 billion in gross bookings for the quarter, the best quarterly quantity within the firm’s historical past. Administration mentioned on the earnings name it is getting ready for a busy summer time journey season.
eBay — The web market’s shares fell 5.8% following the corporate’s quarterly earnings. Ebay posted a slight first-quarter income beat, however issued weaker than anticipated earnings and income steering for the second quarter and for the total yr.
Cognizant — The data know-how firm noticed shares drop 4.5% after hours following its quarterly earnings report. Cognizant introduced in income of $4.83 billion, in step with estimates, in line with FactSet. Nevertheless, it issued weaker-than-expected earnings and income steering for the second quarter and the total yr.
Twilio — The shopper engagement tech firm’s shares gained 1.5% after Twilio posted income of $875.4 million for the primary quarter, which was better than the $864.2 million anticipated by analysts, in line with FactSet.