Midday Stock Movers: Snap, Gap, American Express
2022.04.22 19:01
By Sam Boughedda
Investing.com — U.S. stocks are tumbling Friday, with the S&P 500, Dow, and Nasdaq down more than 1%. Here are the midday movers on Friday, April 22nd.
Snap Inc (NYSE:SNAP) is up more than 3% just before midday despite posting an earnings and revenue miss. The social media company also disappointed with its revenue growth forecast but saw a rise in daily users.
Gap Inc (NYSE:GPS) is down more than 18% after the company cut its sales growth outlook due to “macroeconomic dynamics.” Gap cut its fiscal 2022 net sales growth guidance to approximately low to mid-teens year-over-year declines from its prior guidance of mid-to-high single-digit year-over-year declines.
Match Group Inc (NASDAQ:MTCH) gained 4% at the open, but is up 1.55% midday after Morgan Stanley analyst Lauren Schenk said the recent weakness is overdone.
American Express Company (NYSE:AXP) has fallen 1.59% after it posted an earnings and revenue beat as consumer spending following the pandemic surged.
Intuitive Surgical Inc (NASDAQ:ISRG) tumbled 12% despite beating analyst estimates when it reported on its latest quarter. However, earnings fell from the previous year.
HCA Healthcare (NYSE:HCA) posted earnings per share of $4.12, missing earnings estimates of $4.31, causing its stock to decline by over 18%. However, the company reported revenue of $14.95 billion, topping expectations of $14.74 billion.
