Check out the companies making headlines for noon deals. Warner Music Group – Entertainment Stock has 3% popped following an upgrade at City to buy from Neutral. City analyst Jason Basinet said Warner Music multiples are “far lower” of their peers. Roku – Stocks rose almost 14% after streaming companies reported fourth quarter results in winning analyst expectations. Roku lost 24 cents per share in revenue of $1.2 billion. Analysts had expected a loss of 40 cents per share to revenue per LSEG of $1.14 billion. The company also said households using the platform had an increase of 12% year-on-year in 2024. Airbnb – Shares rose 14% after travel agency fourth quarter figures exceeded expectations. Airbnb scored 73 cents per share with revenues of $2.48 billion. Analysts voted by LSEG had expected a profit of 58 cents per share against revenue of $2.42 billion. Twilio – Cloud Communications Company stock plummeted nearly 14% shortly after weak earnings guidance. Twilio expects first-quarter earnings to be between 88 cents and 93 cents per share, but analysts surveyed by LSEG were penciling at 99 cents per share. GameStop -Meme Stock jumped over 5% after telling CNBC that video game retailers are considering investing in Bitcoin and other cryptocurrencies. Still, GameStop is in the process of determining whether this makes sense for the company’s business, a source said. Wynn Resorts – Casino inventory surged 10% after fourth quarter results exceeded estimates. Wynn reported $1.84 billion in adjusted earnings per share with $2.42.42. According to FactSet, analysts painted the pencil with revenue of $1.27 per share and $1.77 billion. Net revenue was stronger than expected in Macau and Las Vegas. Applied Materials – Chipmakers have fallen almost 7% after issuing softer revenue outlook than expected and then overshadowing quarterly results more than expected. Palo Alto Networks – The cybersecurity company’s stock fell 3% after its free cash flow results for the most recent quarter fell below estimates. Palo Alto reported $559.4 million in second quarter free cash flow, while analysts voted $694.9 million in fact set forecasts. Certainly, the company has beaten estimates for the top and bottom lines. DraftKings – Shares have skyrocketed nearly 11% after sports betting companies increased the bottom edge of their full-year revenue guidance. Currently, revenues are between $6.3 billion and $6.6 billion, with a midpoint of $6.45 billion. Analysts voted by LSEG had expected annual revenues of $63.9 billion. Meanwhile, Draftkings’ fourth quarter results did not reach analyst estimates. Weride – China’s autonomous driving technology stocks skyrocketed by about 80% after Nvidia revealed it owns $25 million in stake in the company, according to a regulatory filing on the 13th floor. COINBASE – Crypto Marketplace fell almost 7% despite revenue gains ahead of forecasts. Coinbase reported $4.68 per share with revenues of $2.27 billion, while analysts voted by LSEG expected $1.81 per share and revenues of $1.88 billion. GoDaddy – Shares fell 13% after GoDaddy issued lighter than expected revenue guidance in the first quarter. Online domain registrants expected revenues to range from $1.175 billion to $1.195 billion in the first quarter, but their low-end is below the consensus estimate of $1.19 billion per fact set . – Reports reported by CNBC’s Fred Invert, Lisa Kailay Han, Alex Hurling, Yunlee, Sean Conlon and Jesse Pound
