Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise
Investing.com -- Main U.S. indexes rose Thursday amid signs of cooling in the labor market following a rise in weekly jobless claims, boosting hopes the Federal Reserve will lower interest rates.
Here are some of the biggest U.S. stock movers today:
Arm Holdings (NASDAQ: ARM) ADRs slumped 2% after the chip designer delivered annual revenue guidance that fell short of estimates despite a wave of enterprise spending on artificial intelligence.
Robinhood (NASDAQ: HOOD) stock rose 0.2% after the trading platform posted first-quarter earnings and revenue above expectations, boosted by strong crypto trading volumes and an elevated borrowing cost environment that lifted net interest revenue.
Airbnb (NASDAQ: ABNB) stock fell 6% after the vacation rental company forecast second-quarter revenue below expectations, despite strong demand in regions outside of North America.
Warner Brothers Discovery (NASDAQ: WBD) stock fell 0.1% after the entertainment giant missed estimates for first-quarter revenue, weighed down by a weak advertising market and strike-related delays at its studio segment.
Bumble (NASDAQ: BMBL) stock soared 6% after the online dating app beat estimates for first-quarter revenue, helped by growth in its paying users.
Planet Fitness (NYSE: PLNT) stock rose 6% despite the operator of fitness centers lowering its full-year guidance to reflect a more cautious consumer.
Yeti Holdings (NYSE: YETI) stock rose 12% after the manufacturing of outdoor products beat first-quarter earnings expectations and raised its guidance amid strength in coolers and international sales.
Papa John's (NASDAQ: PZZA) stock fell 4.4% after the pizza chain logged lower earnings in the first quarter as sales fell without the boost it received a year ago from the high-volume final week of December.
Warby Parker (NYSE: WRBY) stock rose 15% after the eyewear retailer raised its full-year guidance, offsetting a surprise quarterly loss.
Roblox (NYSE: RBLX) fell 22% after the video game company issued guidance for bookings that trailed estimates and reporting soft engagement figures.
AppLovin (NASDAQ: APP) rose 8% after EPS in the first quarter surprised to the upside and it issued solid guidance for second quarter profitability.
The Trade Desk Inc. (NASDAQ: TTD) rose 2.7% after beating estimates on the top and bottom line. Analysts pointed to strength in its connected TV ad business.
Additional reporting by Louis Juricic