{"id":83092,"date":"2023-11-10T14:03:01","date_gmt":"2023-11-10T19:03:01","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/plug-power-trade-desk-illumina-doximity-groupon-hologic-and-more-market-movers\/"},"modified":"2023-11-10T14:03:05","modified_gmt":"2023-11-10T19:03:05","slug":"plug-power-trade-desk-illumina-doximity-groupon-hologic-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=83092","title":{"rendered":"Plug Power, Trade Desk, Illumina, Doximity, Groupon, Hologic, and More Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000795722\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stocks posted sharp gains Friday\u00a0after the<br \/>\n        S&amp;P 500<br \/>\n       ended a streak of finishing higher for eight straight sessions. <\/p>\n<p>These stocks were making moves Friday:\u00a0<\/p>\n<p>\n        Plug Power<br \/>\n       (PLUG), the hydrogen fuel cell specialist, reported a third-quarter loss wider than a year earlier and revenue that missed analysts\u2019 expectations.<br \/>\n        Plug Power<br \/>\n       said it \u201chas been negatively impacted by unprecedented supply challenges in the hydrogen network in North America.\u201d Plug Power said it might not be able to fund its operations through the next 12 months from its existing resources and said that raised \u201csubstantial doubt about [its] ability to continue as a going concern.\u201d The stock sank 43%.<\/p>\n<div class=\"paywall\">\n<p>Shares of<br \/>\n        Trade Desk<br \/>\n       (TTD) tumbled 18% after the internet advertising platform company\u2019s outlook for the fourth quarter missed analysts\u2019 expectations. Trade Desk said it expects revenue in the period of at least $580 million, below estimates of $610 million. It also forecast adjusted earnings before interest, taxes, depreciation, and amortization of approximately $270 million, below Wall Street estimates of $291 million.<\/p>\n<p>\n        Doximity<br \/>\n       (DOCS), the online platform for medical professionals, raised its full-year outlook and said its board authorized the repurchase of up to $70 million of common stock over the next 12 months. Shares were rising 13%. <\/p>\n<p>Illumina (ILMN), the DNA sequencing company, said it expects revenue to fall between 2% and 3% in 2023, compared with previous projections for growth of about 1%, and sees adjusted earnings of 60 cents to 70 cents a share, lower than prior expectations of 75 cents to 90 cents. The stock declined 12% and was the worst performer in the S&amp;P 500 on Friday.<\/p>\n<p>Casino operator<br \/>\n        Wynn Resorts<br \/>\n       (WYNN) reported third-quarter adjusted earnings of 99 cents a share, beating estimates of 74 cents. Revenue rose to $1.67 billion from $889.7 million a year earlier. Wynn reached a tentative deal with the Culinary and Bartenders unions, averting a strike that was set to begin Friday. The stock was down 5.6%.<\/p>\n<p>Semiconductor company<br \/>\n        Synaptics<br \/>\n       (SYNA) rose 14% after fiscal first-quarter adjusted earnings and revenue exceeded analysts\u2019 estimates. <\/p>\n<p>U.S.-listed shares of<br \/>\n        Diageo<br \/>\n       (DEO) were falling 11% after the maker of Johnnie Walker whisky, Tanqueray gin, Smirnoff vodka and Guinness beer said it expects growth to slow in the first half of its fiscal year on weaker performance in Latin America and the Caribbean.<\/p>\n<p>\n        Groupon<br \/>\n       (GRPN) was down 36% after interim CEO Dusan Senkypl said the e-commerce company\u2019s \u201cbusiness continues to be challenged.\u201d The company said it was reinstating formal guidance and expects fourth-quarter revenue to decline 7% to 14%.\u00a0<br \/>\n        Groupon<br \/>\n       also announced plans to raise about $100 million between a fully backstopped equity rights offering and non-core asset sales.<\/p>\n<p>\n        Hologic<br \/>\n       (HOLX) was up 6.3% after the medical technology company\u2019s fiscal fourth-earnings and revenue beat Wall Street expectations. The stock was the S&amp;P 500\u2019s best performer on Friday.<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-c4c403aa?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks posted sharp gains Friday\u00a0after the S&amp;P 500 ended a streak of finishing higher for eight straight sessions. These stocks were making moves Friday:\u00a0 Plug Power (PLUG), the hydrogen fuel cell specialist, reported a third-quarter loss wider than a year earlier and revenue that missed analysts\u2019 expectations. Plug Power said it \u201chas been negatively impacted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":83093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-83092","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Plug Power, Trade Desk, Illumina, Doximity, Groupon, Hologic, and More Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks posted sharp gains Friday\u00a0after the S&amp;P 500 ended a streak of finishing higher for eight straight sessions. 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