{"id":82217,"date":"2023-11-08T13:58:11","date_gmt":"2023-11-08T18:58:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/warner-bros-roblox-robinhood-array-upstart-toast-lucid-and-more-movers\/"},"modified":"2023-11-08T13:58:15","modified_gmt":"2023-11-08T18:58:15","slug":"warner-bros-roblox-robinhood-array-upstart-toast-lucid-and-more-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82217","title":{"rendered":"Warner Bros., Roblox, Robinhood, Array, Upstart, Toast, Lucid, and More Movers"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

Stocks fell Wednesday with the three major U.S. stock market indexes on track to snap winning streaks. <\/p>\n

These stocks were making moves Wednesday:\u00a0<\/p>\n

\n Warner Bros. Discovery
\n (WBD) declined 16% and was the worst performer in the
\n S&P 500.<\/span>
\n The entertainment company reported a wider-than-expected third-quarter loss and a decline in television revenue amid Hollywood strikes and a difficult advertising market.<\/p>\n

\n

\n Extra Space Storage
\n (EXR) was the S&P 500\u2019s best performer, rising 8.3%, after reporting third-quarter revenue of $748 million that topped expectations.<\/p>\n

\n Roblox
\n (RBLX) rose 14% after the videogame platform reported a narrower-than-expected third-quarter loss and as bookings and average daily active users each jumped 20% in the period.<\/p>\n

\n Robinhood Markets
\n (HOOD) missed Wall Street\u2019s third-quarter revenue expectations as transaction revenue and monthly active users both slowed. Shares of the trading app declined 14%.<\/p>\n

\n Array Technologies
\n (ARRY) was falling 18% after the solar tracking solutions company issued weak guidance for the full year. For 2023, Array said it expects revenue in the range of $1.525 billion to $1.575 billion while analysts had been forecasting revenue of $1.64 billion.<\/p>\n

\n Upstart Holdings
\n (UPST) fell 27% after the artificial intelligence lending platform posted an adjusted loss of 5 cents a share in the third quarter while analysts were expecting a loss of 2 cents. Revenue of $135 million missed forecasts of $140 million. The company\u2019s revenue outlook for the fourth quarter also was shy of estimates. <\/p>\n

\n Toast
\n (TOST), the cloud-based platform for restaurant operations, said it expects full-year revenue of $3.83 billion to $3.86 billion, narrower than a previous forecast of $3.81 billion to $3.87 billion. The reduction to the top end of revenue guidance sent shares of
\n Toast
\n down 13%.<\/p>\n

\n Rivian Automotive
\n (RIVN), the electric-vehicle maker, raised its production guidance for 2023, saying it now expects to produce 54,000 cars, up from previous guidance of 52,000. The company also reported a narrower third-quarter loss. The stock was down 4.9%.<\/p>\n

\n Lucid Group
\n \u2018s (LCID) third-quarter sales missed Wall Street estimates and the electric-vehicle start-up reduced production guidance to a range of 8,000 to 8,500 vehicles this year from about 10,000.
\n Lucid
\n shares fell 10%.<\/p>\n

\n Fisker
\n (FSR) fell 6.9% after the EV maker delayed the release of its third-quarter results until Nov. 13. Earnings has been scheduled before the stock market opened Wednesday.<\/p>\n

\n Take-Two Interactive Software
\n (TTWO) rose 6.5% following a report that said the hotly anticipated next installment of the Grand Theft Auto<\/em> videogame franchise may be announced this week.<\/p>\n

\n EBay
\n (EBAY) issued fourth-quarter revenue guidance of $2.47 billion to $2.53 billion, with growth on a currency-adjusted basis ranging from a 1% decline to a 2% increase.\u00a0Analysts had been estimating revenue of $2.6 billion for eBay\u2019s fourth quarter. Shares of the online marketplace were falling 4.1%.<\/p>\n

IT infrastructure provider
\n Kyndryl
\n (KD) posted third-quarter revenue of $4.1 billion, about $100 million better than analysts\u2019 estimates. The company also reported adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, of $574 million, well above Wall Street consensus of $487 million. The stock rose 12%.<\/p>\n

\n Sleep Number
\n (SNBR) was down 25% after the mattress maker posted a surprise third-quarter loss and predicted a loss for the full year\u00a0of 70 cents a share that includes restructuring charges from job cuts and store closures the company announced Tuesday.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks fell Wednesday with the three major U.S. stock market indexes on track to snap winning streaks. These stocks were making moves Wednesday:\u00a0 Warner Bros. Discovery (WBD) declined 16% and was the worst performer in the S&P 500. The entertainment company reported a wider-than-expected third-quarter loss and a decline in television revenue amid Hollywood strikes […]<\/p>\n","protected":false},"author":1,"featured_media":82218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-82217","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nWarner Bros., Roblox, Robinhood, Array, Upstart, Toast, Lucid, and More Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks fell Wednesday with the three major U.S. stock market indexes on track to snap winning streaks. 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