Stocks making the biggest moves midday: Roblox, Electronic Arts, Coinbase, RealReal and more

An attendant tries out a electronic Arts video recording game during the annual Studio Showcase media event at the company ‘s headquarters in Redwood City, California. Check out the companies making headlines in noon trading. Unity Software — The stock plunged 37 % after the television game software company posted tax income below expectations. Unity Software reported $ 320 million in tax income in the first quarter, while analysts surveyed by Refinitiv expected $ 322 million.

Coinbase — Shares sank 26.4 % after Coinbase reported first-quarter tax income below expectations. Coinbase posted gross of $ 1.17 billion versus the Refinitiv consensus estimate of $ 1.48 billion. The company said lower crypto asset prices and market excitability impacted first-quarter results. electronic Arts — The video recording game publisher ‘s shares jumped 8 % after the company posted its late earnings and announced it will end its partnership with FIFA. MoffettNathanson analysts recommended shares of Electronic Arts because of the company ‘s stable foundation to weather market volatility ahead. Roblox — Shares of the on-line gaming platform jumped 3.4 % despite weaker-than-expected quarterly results. Roblox reported a loss of 27 cents in its most recent quarter, compared with a loss of 21 cents expected by analysts polled by Refinitiv. gross came in at $ 631.2 million, compared with the $ 645 million consensus estimate from Refinitiv. Wendy ‘s — The fast-food chain ‘s shares sank 11.2 % after Wendy ‘s miss first-quarter estimates on the top and bottom lines. The company reported an adjusted 17 cents in per-share earnings on $ 489 million of tax income. Analysts surveyed by Refinitiv had penciled in 18 cents per partake on $ 497 million of tax income. U.S. sales growth was just 2.4 % despite a rising numeral of total restaurants, and the margins at company-operated restaurants declined.

The RealReal — Shares of the secondhand lavishness seller dropped 22 % after the company reported a wider-than-expected loss for its most late quarter. The RealReal said it ‘s poised to benefit from rising prices that could be reflected in the prices of new luxury goods. Krispy Kreme — The ring stock jumped 3.8 % after a better-than-expected first gear stern. Krispy Kreme reported adjusted per-share earnings of 8 cents on $ 373 million of gross. Analysts surveyed by Refinitiv were expecting 7 cents per share and $ 368 million of tax income. The company ‘s operating income margin expanded year-over-year. Occidental Petroleum — The stock rose 1.2 % after a better-than-expected quarterly composition. Occidental reported first-quarter earnings of $ 2.12 per plowshare on tax income of $ 8.53 billion. Analysts had expected a profit of $ 2.03 per share on tax income of $ 8.08 billion, according to Refinitiv.

Perrigo — The pharmaceutical neckcloth climbed 2.9 % after Perrigo ‘s first-quarter gross came in higher than expected. The company besides hiked its full-year net sales growth guidance to 8.5 % -9.5 % from 3.5 % -4.5 %, due to an skill, equally well as its organic sales growth guidance. First-quarter earnings per share did neglect expectations, however. H & R Block — The tax homework party saw shares jump 19.5 % after reporting better-than-expected earnings and gross for the most recent quarter and issued positive fiscal guidance on cheerful results from tax season.
— CNBC ‘s Hannah Miao, Jesse Pound and Sarah Min contributed report .

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