October 2, 2022

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DoorDash, Hasbro, Palantir, Walmart, and more

DoorDash, Hasbro, Palantir, Walmart, and more

Board game Monopoly from game maker Hasbro in a New York City toy store.

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Check out which companies are making the headlines at midday Thursday.

DoorDash DoorDash shares jumped more than 11% after the food delivery company’s quarterly revenue It turned out to be better than expected. DoorDash reported $1.3 billion in revenue last quarter, topping Refinitiv’s estimate of $1.28 billion. The company also published strong order numbers and added new users, indicating that demand for food delivery services remains high.

Palantir . techniques Blantyre stock fell 10% after the company’s earnings It was below expectations For the fourth quarter, though, its revenue beat estimates. The reported net loss was $156.19 million, greater than the $148.34 million loss in the same period last year.

Hasbro The gamemaker saw shares surge more than 3% after activist investor Alta Fox Capital Management nominated five directors to the company’s board. Alta is paying Hasbro to launch Wizards of the Coast and its digital game console, which includes brands like Dungeons and Dragons and Magic: The Gathering. Alta owns a 2.5% stake in Hasbro worth approximately $325 million.

Quickly Shares of the cloud computing company fell 30% amid disappointing full-year guidance. The company quickly reported fourth-quarter losses, although it was narrower than analysts had expected, and revenue beat consensus estimates.

nvidia Shares of the chip maker fell 6%. Although the company reported strong quarterly results. Nvidia noted that its auto business, which is a growth market for its chips, declined 14% in revenue to $125 million. It has also been pressured by concerns about its exposure to the cryptocurrency market.

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Cheesecake Factory The restaurant chain saw its shares rise 4% despite announcing that its earnings were not what analysts had expected and rising input costs that offset any revenue win. The company plans to increase prices on new listings that could raise prices later this year.

Walmart – Shares of the retail giant are up more than 2% after Walmart Earnings forecast topped It’s on track to meet long-term financial goals, they said, calling for adjusted earnings per share growth in average single digits.

Tripadvisor Travel site operator down 2.7% after an unexpected quarterly loss and lost revenue. Tripadvisor said it expects the travel market to improve significantly in 2022 after what it called “unexpected periods of virus resurgence” in 2021.

Cisco Systems The software company added about 4% after it reported an outpour of quarterly revenue and earnings and issued an optimistic forecast for the full year, citing strong demand from cloud computing companies. Cisco earnings of 84 cents per share beat estimates by 3 cents. Revenue was $12.72 billion, versus estimates of $12.65 billion.

Equinix Digital infrastructure company Equinix gained more than 4% after TD Securities upgraded the stock to buy from hold, citing the recent pullback. The upgrade came a day after the company announced a fourth-quarter EBITDA adjustment that beat estimates, as well as slightly outperforming revenue.

CNBC’s Yun Lee contributed to the report.