The Etsy web site
Gabby Jones | Bloomberg | Getty Images
Check out the businesses making headlines in noon buying and selling.
Etsy — Shares of the e-commerce firm plunged by greater than 12% after Etsy’s income steering for the second quarter got here in lighter than anticipated. The firm CFO additionally stated on the earnings name that “consumers have less disposable income and many more places to spend it,” which “creates a short-term headwind for sales.”
Booking Holdings — Shares of the journey reserving website operator jumped 8.2% in prolonged buying and selling Wednesday after the corporate posted large beats on income and adjusted EBITDA for the primary quarter. It additionally reported $27 billion in gross bookings for the quarter, the very best quarterly quantity within the firm’s historical past. Management stated on the earnings name it is making ready for a busy summer time journey season.
eBay — The on-line market’s shares fell 5.8% following the corporate’s quarterly earnings. EBay posted a slight first-quarter income beat, however issued weaker-than-expected earnings and income steering for the second quarter and for the total yr.
Cognizant — The info expertise firm noticed shares drop 4.5% after hours following its quarterly earnings report. Cognizant introduced in income of $4.83 billion, according to estimates, in line with FactSet. However, it issued weaker-than-expected earnings and income steering for the second quarter and the total yr.
Twilio — The buyer engagement tech firm’s shares gained 1.5% after Twilio posted income of $875.4 million for the primary quarter, which was higher than the $864.2 million anticipated by analysts, in line with FactSet.