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eBay – Shares jumped almost 10% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace . Edison International – The stock lost 10.2%, as thousands flee the Los Angeles area due to wildfires destroying homes and infrastructure in the region. Getty Images – Shares of the image database plunged 17.6%, reversing course after soaring more than 24% in the previous session. Quantum computing stocks – Stocks tied to quantum computing fell after Nvidia CEO Jensen Huang said the technology is likely decades away . Shares of Rigetti Computing and D-Wave Quantum shed more than 45% and 36%, respectively, while Quantum Computing dropped more than 43%.
Persons: Getty, SolarEdge, Stocks, Jensen Huang, IonQ, FactSet, Morgan Stanley, Cathie Wood, it's, , Fred Imbert, Alex Harring, Samantha Subin, Lisa Kailai Han Organizations: eBay –, Meta, Facebook, eBay, Edison, Getty, Shutterstock, SEC, Nvidia, Rigetti Computing, Quantum Computing, Enovis, Foreign Investment, Rio Tinto, Boston, Bolt, Boston Scientific, HSBC, Cal, Maine Foods, Novo Nordisk, UBS, pharma, Accolade, Transcarent Locations: Los Angeles, California, United States
Each week she sells two or three items, from throw pillows to bedspreads, on Etsy – plus a few more on other platforms. But entrepreneurs like Tojiyeva demonstrate how young people from traditional backgrounds are starting to leverage technology to reach overseas markets. Uzbekistan came under Russian control in the 19th century, and traditional Uzbek craftsmanship almost didn’t survive the Soviet era. Since the purchasing power of the Uzbek population is relatively low, foreign markets could play an important role, he added. The family business now works with a network of about 200 women from local villages to keep up with demand from their orders, she says.
Persons: Tojiyeva, Mukhabbat Kuchkarova, , , ” Tojiyeva, Aziza Tojiyeva, Indira Alibayeva, Alibayeva, Shumaila Yousafzai, NURCE, Tojiyeva’s, Shavkat, Muzaffar Azamov, Yousafzai, that’s, Pinterest, Tojiyeva isn’t Organizations: CNN, eBay, KPMG, Nazarbayev University’s Research, Entrepreneurship, Heritage, Commerce Association of, USAID Locations: Central Asia, Bukhara, Uzbekistan, Etsy, Spain, Italy, China, knifemakers, Tojiyeva, suzanis, Commerce Association of Uzbekistan, Singapore, Asia
Carvana – Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . Microsoft sees revenue coming in between $68.1 billion and $69.1 billion, while analysts were estimating $69.8 billion, according to LSEG. Comcast – Shares climbed nearly 6% after the theme park and media company's third quarter earnings and revenue beat analyst estimates. Cigna – Shares advanced more than 2% after the insurer's third-quarter earnings and revenue beat analysts' expectations. Coinbase – The cryptocurrency exchange platform fell more than 2% after third-quarter earnings and revenue missed Street estimates .
Persons: Carvana, LSEG, Peter Stern, Robinhood, Meta, Cigna, FactSet, Etsy, Coinbase, , Alex Harring, Samantha Subin, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Theobald Organizations: eBay, Ebay, , Microsoft, Booking Holdings, Uber Technologies, Comcast, LSEG, Super, Facebook, Meta, Wall, CNBC Locations: StreetAccount, LSEG .
Check out the companies making headlines after the bell:Meta Platforms – Shares of Meta Platforms jumped nearly 6% on stronger-than-expected quarterly results. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in revenue. The entertainment technology company reported adjusted earnings of 26 cents a share. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in revenue, and lifted earnings and revenue guidance.
Persons: Chipotle, Refinitiv, Lam, — ServiceNow, FactSet, Sunnova, Richard Dickson, L3Harris, Aerojet, Macheel, Sarah Min, Darla Mercado Organizations: Meta, Revenue, Lam, eBay, Energy, Technology, Mattel –, Mattel, Seagate Technology, Technologies, Federal Trade Commission, L3Harris Locations: FactSet, Refinitiv
The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.
Teladoc Health – The telemedicine company saw its stock soar more than 7% after revenue topped analyst estimates in the latest quarter. The company also raised the low end of its revenue and adjusted EBITDA guidance, although it posted a wider-than-anticipated loss in the latest quarter. Harley-Davidson – Harley-Davidson jumped 4.4% after the motorcycle maker topped earnings and revenue expectations, according to consensus estimates from Refinitiv. Honeywell International – Honeywell advanced 1.8% after surpassing earnings and revenue expectations in its latest quarter. ServiceNow – Shares declined 1.1% premarket after a 17% runup year-to-date entering its latest earnings.
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