Rafael Henrique | SOPA Images | LightRocket | Getty Images
Check out the companies making the biggest moves midday Wednesday:
Roblox — Shares of the video game company skyrocketed more than 24% after the company reported $899.4 million in fourth-quarter bookings, surpassing the $875.3 million bookings expected by analysts, according to StreetAccount. CEO David Baszucki also said, “With 65 million daily active users in January, we are driving towards our vision to reimagine the way people come together by enabling deeper forms of expression, communication and immersion.”
Airbnb — Shares of the vacation rental company popped 12% after a stronger-than-expected fourth quarter. Airbnb reported 48 cents in earnings per share on $1.90 billion of revenue. Analysts surveyed by Refinitiv had projected 25 cents per share and $1.86 billion of revenue. The company also said it was seeing “continued strong demand” in the first quarter.
Silvergate Capital — The crypto bank surged more than 19% after Ken Griffin’s Citadel Securities revealed a 5.5% stake in the company worth about $25 million.
Devon Energy — Shares tumbled 12.3% after the energy company reported fourth-quarter earnings and revenue that came in below expectations. Devon earned $1.66 per share on revenue of $4.3 billion. Analysts expected a profit of $1.75 per share on revenue of $4.39 billion.
Akamai Technologies — The cloud stock dropped more than 10% after Akamai issued first-quarter revenue and earnings guidance that was below expectations. RBC Capital Markets also downgraded shares to sector perform from outperform and slashed its price target to $85 from $100 per share.
Generac Holdings — Shares rallied 8% after the power-generator maker reported fourth-quarter earnings of $1.78 per share, topping StreetAccount’s estimate of $1.75 per share. Generac’s revenues of $1.05 billion came in just below a consensus forecast of $1.07 billion.
Barclays — The U.K. bank’s U.S.-listed stock tumbled more 9.3% after…
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