Nvidia (NVDA) – Following better than expected performance in its recent quarter, Nvidia’s stock rose by about 14%. The positive results were well-received by Wall Street analysts who anticipate continued growth for the chipmaker, particularly due to promising opportunities in the field of artificial intelligence.
Lucid Group (LCID) – Following fourth-quarter revenue that failed to meet analysts’ expectations, the electric vehicle maker’s stock plummeted by over 12%. Bank of America downgraded the stock from a buy rating to neutral, citing concerns about near-term demand.
Bumble (BMBL) – Following better than expected fourth-quarter revenue results, shares of Bumble increased by about 7%. Nonetheless, the company also reported a loss of 85 cents per share for the quarter, which included an impairment charge stemming from the closure of its operations in Russia and Belarus.
Lordstown Motors (RIDE) – After announcing a temporary halt in production and delivery to address quality concerns with specific Endurance components, shares of the electric vehicle maker declined by over 11%. Additionally, Lordstown announced a voluntary recall of 19 Endurance pickups due to a particular electrical connection issue that could potentially lead to a loss of propulsion while driving.
Domino’s Pizza (DPZ), Papa John’s International (PZZA) – Following mixed earnings reports from the pizza chains, shares of Domino’s and Papa John’s fell by over 11% and over 6%, respectively. While Domino’s adjusted earnings per share exceeded expectations, its revenue and same-store sales figures failed to meet analyst estimates. Conversely, although Papa John’s beat expectations for both earnings and revenue, it fell short of estimates for North American company-owned restaurant sales.
Nikola (NKLA) – After Nikola reported quarterly revenue figures that fell short of analyst expectations, shares of the electric truck maker dropped by over 5%. Despite producing 133 trucks during the fourth quarter, the company stated that it had only delivered 20 battery-electric trucks to dealers.
eBay (EBAY) – Despite eBay reporting fourth-quarter earnings, shares declined by over 5% due to the company falling short of expectations. The online seller’s profit of 77 cents per share fell below Refinitiv’s estimate of 81 cents per share.
Moderna (MRNA) – Following Moderna’s announcement of weaker than anticipated fourth-quarter earnings, the pharmaceutical stock dropped by over 6%. The company cited increased costs related to surplus production capacity, as well as reduced demand for its Covid-19 vaccine, as contributing factors to the disappointing results.
Doug Taylor is a seasoned journalist with nearly 10 years experience. While studying journalism at the University of California, Doug found a passion for finding engaging stories. As a contributor to Oracle Savvy, Doug mostly covers state and national developments.
