Midday Stock Movers: Zillow, Under Armour, DoorDash
2022.05.06 19:22
By Sam Boughedda
Investing.com — U.S. indices are down again Friday. Here are the midday movers on May 6th.
Under Armour (NYSE:UA) (NYSE:UAA) has plummeted Friday, trading 22% lower around midday after it reported earnings, missing loss per share and revenue estimates, while also posting weaker than expected guidance.
Bill Com Holdings (NYSE:BILL) is 14% lower Friday lunchtime despite reporting stronger-than-expected Q3 results and guidance. Following the report, Goldman Sachs analyst Will Nance blamed the fall on revenue growth deceleration as the organic core revenue grew 74% YoY vs. 85% last quarter.
HubSpot Inc (NYSE:HUBS) stock has gained more than 6% after it reported first-quarter earnings, beating profit and revenue expectations.
After initially rising, DraftKings (NASDAQ:DKNG) is now down 3.5% following its quarterly earnings report. The sports betting company registered a loss for the quarter, missing expectations, but revenue topped forecasts. The company also increased full-year revenue guidance.
DoorDash (NYSE:DASH) has regained its earlier losses, now trading 0.15% higher. The company reported a loss that missed expectations, although revenue exceeded estimates. DoorDash raised its full-year forecast for gross order value.
Zillow Group (NASDAQ:ZG) tumbled in the early part of Friday’s session but is now down just 3%. The company reported earnings, disappointing with its outlook, stating that “one thing that is clear about the 2022 housing market is that the path ahead is uncertain.”
