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Check out the companies making headlines in afternoon trading.
Doordash After this, the shares of the online food delivery platform rose by 7 percent. Reported a revenue beat and upbeat guidance. The company’s fourth-quarter revenue came in at $1.82 billion, on top of the $1.77 billion estimated by analysts surveyed by Refinitiv. However, the reported loss exceeded analysts’ estimates, coming in at a loss of 68 cents per share versus analysts’ estimates of $1.65.
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Texas Roadhouse — Shares of the restaurant chain declined nearly 5% during Thursday’s trading session, falling below 52-week highs. Texas Roadhouse’s fourth-quarter earnings and revenue fell short of expectations. The restaurant posted earnings of 89 cents per share, compared with the $1.03 expected by analysts polled by Refinitiv. Revenue came in at $1.01 billion, missing analysts’ estimates of $1.02 billion. The company attributed the shortfall to commodity inflation and higher wages.
draft kings — Shares of the sports betting company rose 6% after fourth-quarter earnings and revenue topped analysts’ estimates. DraftKings posted a per-share loss of 53 cents and revenue of $855 million. Analysts polled by Refinitiv had forecast a loss of 53 cents per share and $800 million in revenue.
Applied Materials — The semiconductor company’s stock gained nearly 2% after Applied Materials posted its latest results. According to Refinitiv, the company earned $2.03 per share in the first fiscal quarter, excluding items, topping the consensus estimate of $1.93 per share. Revenue for the same quarter was $6.74 billion, beating analysts’ estimates of $6.69 billion. Meanwhile, the company lowered its guidance for the second fiscal quarter, citing ongoing supply chain challenges.
Modern — Shares of the biotech company fell 6.7% after its influenza vaccine candidate posted mixed results in clinical trials.