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Shopify, Etsy, Twitter and more

Elon Musk twitter account is seen by way of Twitter brand on this illustration taken, April 25, 2022. 

Dado Ruvic | Reuters

Take a look at the businesses making headlines in noon buying and selling Thursday:

EPAM Systems — Shares jumped 10.7% after the pc software program firm posted better-than-expected outcomes for the earlier quarter. EPAM reported $2.49 earnings per share on revenues of $1.17 billion. The corporate was forecasted to earn $1.79 per share on revenues of $1.06 billion, in keeping with a consensus estimate from FactSet.

Booking Holdings — Reserving’s inventory worth jumped 3.3% after the corporate’s quarterly outcomes topped analyst expectations. The journey firm additionally reported $27 billion in gross bookings for its most up-to-date quarter, report quarterly quantity for Reserving. The corporate additionally stated it’s making ready for a busy journey season in the summertime.

Shopify — Shares of the e-commerce platform inventory fell 14.9% after the corporate forecast that revenue growth would be lower within the first half of the yr, because it navigates powerful pandemic-era comparisons. Shopify additionally reported adjusted quarterly earnings of 20 cents per share, effectively beneath the Refinitiv forecast of 64 cents per share.

Twitter — Shares gained 2.7% after CNBC’s David Faber reported Elon Musk is predicted to function temporary CEO of Twitter for a couple of months after he completes his $44 billion takeover of the social media platform. Regulatory filings printed Thursday additionally confirmed Musk obtained one other $7 billion from buddies and buyers to purchase Twitter.

Etsy — Shares of the web market dropped 16.8% after the corporate launched weaker-than-expected steerage for the present quarter amid a drop in disposable earnings for shoppers. Etsy did report earnings that matched expectations and publish better-than-expected income.

— CNBC’s Yun Li and Hannah Miao and contributed reporting.

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