Check out the companies making headlines in midday trading. Affirm — Affirm shares jumped 17% a day after the fintech company reported fiscal first-quarter revenue that topped expectations. Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. Virgin Galactic Holdings — Shares rallied more than 20% a day after the company announced its cost-savings initiative , which includes pausing spaceflight operations next year.
6% after Barclays upgraded shares to overweight from equal weight. The upgrade came on the back of the company's third-quarter results earlier in the week. Arm Holdings — Arm shares dropped 6% in midday trading. On Wednesday, the semiconductor technology company said that fiscal third-quarter adjusted earnings would range between 21 cents and 28 cents per share, while analysts polled by FactSet called for 27 cents per share.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »