Movers: Boeing, CME, Carvana, CoStar, NCR, Skecher, Visa

Barry Adams
27 Apr, 2022
New York City

The Boeing Company dropped 8.5% after the aerospace company reported lower than expected quarterly revenues of $14 billion and larger than expected loss of $2.75 per share. 

CME Group added 5.2% after the commodities exchange operator reported March quarter earnings per share of $2.11 compared to $1.79 a year ago. 

Revenues also jumped 7.4% to $1.35 billion on higher market volatility and average daily contract volume increased 19% to 25.9 million. 

Carvana declined 7.8% extended losses in the week to 23% after the company said it plans to raise as much as $2.8 billion in a junk bond offering to acquire the auction business of Adesa. 

CoStar Group added 6.3% after the real estate information provider reported better-than-expected earnings of 31 cents a share. 

Revenues in the first-quarter of 2022 increased 13% to $516 million and the company lifted its adjusted EPS and 2022 revenues estimate. 

F5 Inc plunged 12.8% after the computer networking company reported quarterly revenues increased to $634.2 million and net income rose to $56.2 million or 92 cents a share. 

The stock declined after the company guided lower than expected revenue range between $660 million and $680 million below the estimate of at least $690 million. 

MasterCard Inc added 5.6% after Visa reported quarterly earnings that beat the estimates and also offered a stronger outlook for the next quarter. 

Microsoft Corp advanced 7.2% after the software developer reported quarterly revenues rose 18% and net income rose 8%. Sales were strong across all segments including personal and enterprise computing, cloud segment, and Internet searches and social platforms. 

NCR Corp declined 24.01% and traded near a 52-week low after the computer systems maker reported first-quarter loss of 18 cents a share compared to 19 cents profit a year ago. Revenues increased to$1.87 billion from $1.54 billion in the prior year's quarter. 

The company also lowered its full-year revenue outlook to $8 billion from the previous range between $8 billion and $8.2 billion.  

Skechers U.S.A. Inc jumped 6.4% after the company said sales increased 25% to $1.82 billion and net income jumped 20% to $121.2 million or 77 cents a share. 

For the current quarter, the retailer guided revenues between $1.75 billion and $1.8 billion and earnings per share between 50 cents and 55 cents. 

Robinhood Markets, Inc  dropped 5.1% after the online broker said it plans to layoff 9% of its staff. The company is scheduled to release earnings on Thursday. 

The online broker rapidly grew in the first year of the pandemic and total headcount jumped to 3,800 from 700 in the period. 

The stock is down 73% from its first-day of close as a publicly traded company July 30, 2021.

Visa Inc gained 8.2% after the payment processing network operator reported quarterly revenues increased to $7.2 billion and net income rose to $1.70 a share. 

The company also said the current quarterly revenues are expected to increase in the upper end of the mid-teen percentage range and earnings are expected to match the latest quarter. 

Gross payment volume increased 17% and cross-border volumes rose 38% from a year ago.