A traveler arriving at Los Angeles International Airport seeks ground transportation during a nationwide day of action in Los Angeles, California, USA, to demand that ride-hailing companies Uber and Lyft obey California law and give drivers “basic labor rights” grant , 2020.
Mike Blake | Reuters
Check out the companies making headlines in midday trading.
lyft – Lyft shares fell 13% after the ridesharing company reported mixed results. Lyft reported adjusted earnings per share of 10 cents, up from analysts’ expectations of 7 cents, but revenue fell short of Street’s forecast, coming in at $1.05 billion versus $1.06 billion expected -dollars per refinitiv.
Take Two Interactive — Shares of software company Take-Two fell 15% after it reported a drop in sales and lowered its guidance for the rest of the fiscal year. Revenue for the quarter was $1.50 billion versus $1.55 billion expected. The company also expects net bookings to be weaker than expected for the current quarter and the year as a whole.
Tripadvisor — Tripadvisor shares fell more than 15% in after-hours trading after missing out on gains. The company reported adjusted earnings per share of 28 cents, according to Refinitiv, while analysts were expecting adjusted earnings per share of 38 cents. However, sales were $459 million versus the estimate of $442 million.
Syneos health — Syneos Health shares fell 13.5% after rising nearly 17% during the regular trading day. Investors could be buying and selling the biopharmaceutical company after it plummeted 46% on Friday after disappointing earnings numbers.
five9 — Shares of cloud company Five9 lost 14% after the release of quarterly results. The company reported revenue of $198.3 million, beating expectations. However, guidance for fourth-quarter revenue and earnings per share came in lower than expected.
Groupon — Groupon’s shares fell 4.8% after the company reported earnings that disappointed on both the upside and downside. The company reported a loss of 68 cents a share on $144.4 million. Analysts were expecting a loss of 40 cents a share on sales of $157.3 million, according to StreetAccount.