Stocks making the biggest moves midday: UBER, ABNB, MGM, HOOD

From CNBC:

Uber shares soared 11% and hit a new 52-week high after announcing a $7 billion share repurchase program and predicting mid to high-teens gross bookings growth over the next three years.

Ride-hailing platform Lyft surged 31% after reporting adjusted earnings of 18 cents per share in the fourth quarter, beating estimates, and posting $1.22 billion in revenue, in line with analyst expectations.

IQVIA Holdings, a health tech company, gained 10% after its fourth-quarter earnings of $2.84 per share surpassed analysts’ expectations, as its revenue of $3.87 billion also slightly beat estimates.

Drug maker Charles River Laboratories saw its shares rise 9% after its fourth quarter adjusted earnings of $2.46 per share and $1.01 billion in revenue both topped analysts’ estimates.

DaVita, a health-care company, jumped 7% after reporting earnings of $1.87 per share on $3.15 billion in revenue, exceeding analysts’ estimates of $1.63 per share on $3.01 billion in revenue.

Trading platform Robinhood’s shares rose 9% after posting earnings of 3 cents per share and reporting $471 million in revenue, both beating analysts’ projections.

Real-estate marketplace Zillow’s shares climbed 6% following its adjusted earnings of 20 cents per share on revenues of $474 million, both surpassing analyst estimates.

Bitcoin-related stocks surged as cryptocurrency regained its $1 trillion market cap, with Coinbase gaining about 13% and Microstrategy adding 10%. Other miners also saw significant gains.

Topgolf Callaway’s shares rose 6% after posting a narrower-than-expected adjusted loss for the fourth quarter and revenue of $897 million, surpassing analysts’ estimates.

Akamai Technologies saw its shares slip 8% after missing analyst expectations for fourth-quarter revenue, despite earning $1.69 per share, beating estimates.

Despite better-than-expected fourth quarter results, MGM Resorts International’s shares dropped 8% due to challenges in its U.S. regional casino segment.

Kraft Heinz stock fell more than 6% after its fourth-quarter revenue missed expectations, though its adjusted earnings per share of 78 cents was slightly above analyst estimates.

Airbnb shares dropped about 3% despite reporting a fourth-quarter revenue beat and a 55-cent loss per share, as the company warned of potential pressure on nights booked in the first quarter.

Hasbro rebounded nearly 3% after declining in the previous trading session, following fourth-quarter earnings and revenue missing analysts’ estimates, along with weaker-than-expected guidance for full-year revenue.



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