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Roblox Corp – Trading lower after reporting bookings that missed analysts’ estimates in the fourth quarter, reflecting a retreat from the pandemic-inspired boost over the last two years. Bookings, which include revenue and deferred revenue and other adjustments, rose 20% from a year earlier to US$770.1mi, the company said in a statement on Tuesday. Analysts were estimating US$786.2mil. Average daily active users increased 33% to 49.5million, slightly less than the 50.5million analysts were expecting.
Upstart Holdings – Up sharply after easily topped expectations with its latest earnings and outlook while announcing a new share-repurchase program. The AI powered lender generated fourth-quarter revenue of $304.8 million, up from $86.7 million a year earlier, and ahead of the FactSet consensus, which called for $262.9 million. The total included $287 million in fee revenue. Upstart further announced that it planned a share-repurchase program of up to $400 million.
Airbnb Inc – Beat revenue and profit estimates in the fourth quarter, benefiting from remote-work policies and holiday demand that buoyed short-term rental bookings despite travel disruptions caused by Omicron. Revenue grew 78 per cent to $US1.53 billion ($2.1 billion) in the fourth quarter, Airbnb said on Tuesday in a statement. The San Francisco-based company reported net income of $US55 million compared with a loss of $US3.9 billion a year earlier and marking a record for the period. Earnings per share were 8 US cents, compared with estimates for 3 US cents.
ViacomCBS – Down sharply missed Wall Street profit forecasts on Tuesday as the company announced it will change its name to Paramount and unveiled a broad range of new programming in the battle for viewers in the crowded streaming market. ViacomCBS reported adjusted earnings per share of 26 cents for October through December, below analyst projections of 43 cents. The company also announced it will change its name to Paramount, effective on Wednesday, as the company made a presentation to drum up excitement among investors about its future streaming focused strategy and programming.
Chip Stocks – Remain on watch active again premarket. NVDA is set to report after the bell tonight, the group has led the very headline driven moves in recent days the market has experienced. Cowen cuts AMD PT to $145 maintains a “buy” rating on the stock. AMD, NVDA, INTC, TSM
Corsair Gaming – The gaming gear maker after the S&P Dow Jones Indices said CRSR will join the S&P SmallCap 600 and replace First Midwest Bancorp Inc FMBI.O before markets open on Feb.18.
Digital World Acquisition Corp – Up 5% on light volume premarket on no significant news, there are reports a beta version of Truth Social is currently being tested by a limited number including former President Trump. The recent retail favorite is worth watching with a clear bid in early trading.
Hookipa Pharma – The company has amended its collaboration and licensing agreement with Gilead to develop immunotherapies against HIV. Under the amended agreement, HOOK will advance the HIV program through completion of an early stage trial, which will be funded by GILD.