Market Updates
U.S. Movers: Airbnb, Arm Holdings, Robinhood Markets, Warner Bros, Wynn Resorts, Uber
Scott Peters
09 May, 2024
New York City
Warner Bros. Discovery declined 4% to $7.49 after the media company reported weaker-than-expected quarterly results.
Uber Technologies rose 0.8% to $66.90 after the company reported a loss in its latest quarter on Wednesday.
Uber stock dropped as much as 7% after the quarterly results fell short of market expectations.
Airbnb dropped 7.8% to $145.51 after the short-term rental platform operator reported better-than-expected first-quarter results, but the company's second-quarter revenue growth outlook fell short of investors' expectations.
Arm Holdings PLC declined 6.6% to $99.08 after the advanced chip designer estimated full-year revenue to range between $3.8 billion and $4.1 billion.
Robinhood Markets rose 6.7% to $19.02 after the trading platform operator reported revenue in the first quarter of $618 million and earnings per share of 18 cents, ahead of analysts' expectations.
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Earnings
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