Twitter, Affirm, Robinhood and more

Traders work on the floor of the New York Stock Exchange.


Check out the companies making headlines in midday trading.

Twitter – Shares of the social media platform slid 8% after Elon Musk said his take-private deal is on hold until he receives more information about how many fake accounts there are on Twitter. Still, Musk said he was “still committed to the acquisition.”

Affirm – Shares of the buy-now, pay-later lender surged 31.5% after Affirm beat expectations for its fiscal third quarter. The company reported a loss of 19 cents per share on $ 355 million in revenue. Analysts surveyed by Refinitiv had penciled in a loss of 51 cents per share on $ 344 million in revenue. Affirm also announced a multiyear extension of its partnership with Shopify.

Robinhood – Shares of the investing app jumped 24.5% on Friday after the CEO of crypto exchange FTX, Sam Bankman-Fried, picked up a 7.6% stake in Robinhood for $ 648 million after the stock hit an all-time low this week. His new position makes him the third-largest shareholder in the company.

Duolingo – Shares surged 39% after the language software company posted better-than-expected quarterly earnings and revenue. Duolingo issued upbeat quarterly revenue guidance, and reported all-time high active user numbers.

Figs – Figs shares fell 26% on the back of disappointing quarterly results. The health-care apparel maker posted a profit of 5 cents per share on revenue of $ 110.1 million. Analysts expected earnings of 6 cents per share on sales of $ 117.3 million, according to StreetAccount. The company also issued weaker-than-expected revenue guidance for the year.

Krispy Kreme – Shares of the donut chain popped 10.5% after an upgrade from HSBC. “We expect more pricing and higher scale resulting from an aggressive point of access expansion will keep earnings expectations on track,” HSBC said.

Toast – Shares of Toast jumped 12% after the tech and payments platform for restaurants reported a loss for its most recent quarter that was narrower than expected by Wall Street analysts. The company also issued upbeat revenue guidance for the year.

Poshmark – Poshmark rose 24.3% after the company reported a quarterly loss of 18 cents per share. Wall Street analysts expected a loss of 22 cents per share, according to Refinitiv. Revenue for the quarter of $ 90.9 million also beat estimates of $ 87.5 million.

The Honest Company – Shares of The Honest Company were up 13.7% after the maker of personal care and household products reported a quarterly loss and revenue that were in line with analyst expectations. The company also reiterated its full-year revenue guidance.

Ford Motor – Shares of the carmaker added 9% after Morgan Stanley upgraded the stock to equal weight from underweight, saying the market is underestimating certain parts of the company’s business.

– CNBC’s Jesse Pound, Sarah Min, Yun Li and Hannah Miao contributed reporting


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