Stocks That Make The Biggest Moves At Noon: Square, Peloton, Roku, Shake Shack, Expedia & More

The Roku 3 TV streaming player menu will be shown on a television on Thursday September 12, 2013 in Los Angeles, California, United States.

Patrick T. Fallon | Bloomberg via Getty Images

Check out the companies that are making headlines in midday trading.

Square – The payment company’s stock rose more than 6% after the company’s earnings exceeded Wall Street’s expectations for the first quarter. Square earned 41 cents per share on an adjusted basis and had sales of $ 5.06 billion. Analysts polled by Refinitiv expected the company to make 16 cents on sales of $ 3.36 billion. Sales increased by 266% compared to the previous year.

Peloton – Peloton’s shares rose about 1% around noon after the company announced that sales were up 141% in the third quarter of fiscal. The company also reported a loss during the period that was below expectations. The company’s shares are still around 14% in the week following Peloton’s announcement of the recall of both treadmill models. Also, the company would delay the launch of its cheaper treadmill in the US in May to add safety features.

Roku – Shares in the streaming video platform rose about 11% after Roku reported that revenue grew 79% year over year to $ 574.2 million, more than $ 50 million above the analyst survey surveyed by FactSet . The company added 2.4 million active accounts compared to the previous quarter. Roku’s revenue guidance for the second quarter also exceeded expectations.

Shake Shack – The fast food chain’s stocks were down nearly 13% after the company reported a loss in sales and issued a tepid sales outlook for the current quarter. City and sports stadium sales continue to weigh on overall bottom line, according to Shake Shack. However, the company reported adjusted quarterly earnings of 4 cents per share, compared to the refinitive consensus of 9 cents per share.

Bill.com Back-office business software provider shares rose 15% after posting smaller losses and better-than-expected revenue in the most recent quarter. Bill.com also announced the acquisition of expense management software company Divvy for $ 2.5 billion.

Expedia – The travel platform’s stock rose more than 7% after reporting better-than-expected quarterly results. Expedia posted an adjusted loss of $ 2.02 per share on revenue of $ 1.25 billion for the first quarter. According to Refinitiv, analysts had expected a loss per share of USD 2.31 on sales of USD 1.12 billion.

AMC Entertainment – The cinema chain’s stock rose more than 4% despite a better-than-expected quarterly loss and loss of earnings. AMC lost $ 1.42 per share in the first quarter, more than the loss of $ 1.30 per share analysts expected, according to Refinitiv. While AMC is still losing money, CEO Adam Aron was bullish during an earnings call, thanking millions of Redditors and Robinhood traders for adding to the company’s stock earlier this year. The stock is up around 340% in 2021.

– CNBC’s Pippa Stevens and Jesse Pound contributed to the coverage.

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