Wayfair, Fastly, Robinhood and more

The logo of the US cloud computing service provider Fastly can be seen on a smartphone screen.

Pavlo Gonchar | SOPA pictures | LightRocket via Getty Images

Check out the companies that are making headlines in midday trading.

Robinhood – The trading app’s shares fell more than 14% after the newly listed company announced in a filing that existing shareholders would sell nearly 97.9 million shares over time. The commission-free broker said it will not receive any proceeds from the sale of 97,876,033 shares of its Class A common stock. Shareholders were among those who came to the rescue of Robinhood during the historic trade frenzy earlier this year.

Cigna – The insurance company’s shares fell more than 11% despite a better-than-expected quarterly earnings report. Cigna reported quarterly earnings of $ 5.24 per share on revenue of $ 43.11 billion. Analysts had expected earnings of $ 4.96 per share on sales of $ 41.26 billion. However, the company encountered headwinds from higher medical costs.

Fastly – Fastly stock plunged over 7%, compared to an analyst-estimated loss of 17 cents, according to its earnings report on Wednesday, which posted a 15 cents per share loss. The cloud software provider missed sales forecasts, saying the June network outage will continue to hurt results for the rest of the year.

Wayfair – The furniture and household goods retailer posted a share jump of around 10% after the profit announcement. Wayfair beat earnings estimates at $ 1.89 per share, but slightly missed sales, reporting $ 3.86 billion versus an estimated $ 3.94 billion. The company said active customers grew 20% year over year to 31.1 million.

Nautilus Biotechnology – Nautilus shares surged over 16% at 12:20 p.m. EST after a report reported that Amazon invested “millions” in the biotechnology company that preceded it as part of its efforts to expand its healthcare presence sales was achieved. Nautilus went public in June through a special purpose vehicle (SPAC).

Etsy – The ecommerce name’s stocks fell about 7% after user growth numbers fell below estimates. In the second quarter, the company earned 68 cents per share, while the analysts surveyed by Refinitiv had expected 63 cents. Revenue of $ 528.9 million was also above the expected $ 524.7 million.

Booking Holdings – Booking Holdings stock rose more than 6% despite falling short of Wall Street’s expectations for quarterly earnings on Wednesday. The company – whose brands include Priceline, Kayak, and other travel services – lost an adjusted $ 2.55 per share in the second quarter, more than analysts’ anticipated loss of $ 2.04 per share. However, revenue exceeded estimates as travel demand skyrocketed.

Edgewell Personal Care – The personal care products maker saw shares rise 4.5% after posting quarterly earnings. Edgewell reported earnings per share of 89 cents and sales of $ 573.7 million, both of which exceeded Wall Street projections, according to Refinitiv. The company also raised its earnings guidance for the full year.

Roku – Shares in the streaming services device maker slipped more than 2% after Roku reported weaker-than-expected user growth in the second quarter. However, the company exceeded expectations in both sales and bottom line. Roku made 52 cents a share on sales of $ 645 million. According to estimates by Refinitiv, analysts expected 13 cents per share on sales of 618 million US dollars.

Becton Dickinson – Medical technology company Becton Dickinson shares fell roughly 4% despite announcing earnings of $ 2.74 per share for the second quarter, beating analysts’ estimates by 30 cents. It also outperformed sales, reporting $ 4.89 billion versus a forecast of $ 4.51 billion.

Moderna – Moderna stocks are down about 1.8% even after posting better-than-expected earnings and earnings and positive data on the vaccine’s shelf life this week. The data shows that the protection against Covid provided by the Moderna vaccine lasts well after six months. The company also announced that it would launch a booster vaccine this winter.

– CNBC’s Pippa Stevens, Hannah Miao and Yun Li contributed to the coverage

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