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Check out the companies making the biggest moves on Wednesday afternoon:
roblox — Shares of the video game company skyrocketed more than 24% after it reported $899.4 million in fourth-quarter bookings, surpassing the $875.3 million bookings expected by analysts, according to StreetAccount. CEO David Baszucki also said, “With 65 million daily active users in January, we are progressing toward our vision of re-imagining the way people come together by enabling deeper forms of expression, communication, and immersion.” Are.”
Airbnb Shares of the vacation rental company later jumped 12%. Stronger than expected fourth quarter, Airbnb reported 48 cents in earnings per share on revenue of $1.90 billion. Analysts polled by Refinitiv were expecting 25 cents per share and $1.86 billion in revenue. The company also said it was seeing “continued strong demand” in the first quarter.
Silvergate Capital Crypto bank soars over 19% after Ken Griffin reveals Citadel Securities 5.5% stake in the company Approximately $25 million worth.
Devon Energy – Shares of the energy company declined by 12.3% Reported fourth quarter earnings and revenue which was less than expected. Devon earned $1.66 per share on revenue of $4.3 billion. Analysts expected profit of $1.75 per share on revenue of $4.39 billion.
smart technologies Cloud stock fell more than 10% after Akamai issued first-quarter revenue and earnings guidance that fell short of expectations. RBC Capital Markets also downgraded the shares from Outperform to Sector Perform and lowered its price target to $85 per share from $100.
Genrac Holdings — Shares declined 8% after the power-generator maker reported fourth-quarter earnings of $1.78 per share, which topped StreetAccount’s estimate of $1.75 per share. Generac’s revenue of $1.05 billion came in just below the consensus forecast of $1.07 billion.
barclays – The UK bank’s US-listed stock plunged more than 9.3% after Barclays reported an annual net Profit slide of 19%Partly thanks to a business blunder in the US that resulted in litigation and conduct allegations.
analog device The chipmaker gained 6.2% after reporting adjusted earnings for its fiscal first quarter of $2.75, which topped the $2.61 expected per StreetAccount analysts. Revenue came in at $3.25 billion, topping expectations of $3.15 billion.
bath & Body Works — Shares of the retailer fell 3% after downgrade Neutral from Buy by Citi, The Wall Street firm said it sees significant margin constraints through 2023 and beyond.
Paramount Global — Shares rose 6.5% after Berkshire Hathaway disclosed it increased its stake in the entertainment company. Warren Buffet’s firm now owns more than 93 million shares of Paramount.
Martin Marietta Stuff Shares rose 7% after the company reported net income of $183.6 million in the fourth quarter, up from $156.8 million a year ago. However, it missed Wall Street’s expectations, with adjusted earnings per share coming in at $3.04, compared to the Street estimate of $3.08. Revenue from products and services also did not live up to expectations.
American Eagle Outfitters — The apparel company’s stock sank more than 2% after Jefferies downgraded it to a buy. The Wall Street firm cited the clothing and footwear category’s historically low performance during the last 8 recessions.
Taiwan Semiconductor – Shares of the Taiwanese semiconductor maker fell 6% after Berkshire Hathaway revealed that it has reduced its stake The company grew 86% from the previous quarter to $168 million.
— CNBC’s Michael Bloom, Alex Haring, Jesse Pound, Hakung Kim and Pia Singh contributed reporting.