The Etsy web site
Gabby Jones | Bloomberg | Getty Photographs
Take a look at the businesses making headlines in noon buying and selling.
Etsy — Shares of the e-commerce firm plunged by greater 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 “shoppers have much less disposable earnings and lots of extra locations to spend it,” which “creates a short-term headwind for gross 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 very best quarterly quantity within the firm’s historical past. Administration mentioned on the earnings name it is making ready for a busy summer season 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-expected earnings and income steering for the second quarter and for the total 12 months.
Cognizant — The data expertise 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 response to FactSet. Nonetheless, it issued weaker-than-expected earnings and income steering for the second quarter and the total 12 months.
Twilio — The client engagement tech firm’s shares gained 1.5% after Twilio posted income of $875.4 million for the primary quarter, which was larger than the $864.2 million anticipated by analysts, in response to FactSet.