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U.S. stocks traded mixed, with the Dow Jones gaining more than 300 points on Thursday. Here are some big stocks recording losses in today’s session.
- Babcock & Wilcox Enterprises, Inc. BW shares dipped 26% to $5.91. Babcock & Wilcox said it sees FY23 adjusted EBITDA of $100 million to $120 million.
- Sleep Number Corporation SNBR fell 23.3% to $28.10 following Q3 earnings.
- Meta Platforms, Inc. META shares declined 22.6% to $100.47 after the company reported worse-than-expected Q3 EPS and issued Q4 revenue guidance with a midpoint below estimates. The company also guided FY23 expenses of $96 billion to $101 billion.
- Wolfspeed, Inc. WOLF dropped 20.4% to $84.75 after the company issued Q2 sales guidance below estimates.
- FormFactor, Inc. FORM fell 20.2% to $21.65 after the company reported worse-than-expected Q3 sales and issued Q4 guidance below estimates.
- Carriage Services, Inc. CSV fell 19.7% to $25.75 after the company reported worse-than-expected Q3 EPS results.
- Horizon Bancorp, Inc. HBNC dropped 18.9% to $16.04 after the company reported worse-than-expected Q3 EPS results.
- Align Technology, Inc. ALGN fell 17.8% to $182.30 after the company reported worse-than-expected Q3 results.
- Credit Suisse Group AG CS shares fell 17.8% to $3.94. Credit Suisse Group posted a Q3 loss of $1.58 per share.
- FTI Consulting, Inc. FCN dropped 16.8% to $146.36 after the company lowered the high end of its 2022 EPS guidance.
- Amedisys, Inc. AMED fell 14.4% to $90.19 after the company reported worse-than-expected Q3 results. Raymond James downgraded the stock from Outperform to Market Perform.
- TriMas Corporation TRS fell 12.3% to $25.07 following weak quarterly results.
- World Acceptance Corporation WRLD dropped 11.2% to $91.72 following a Q2 loss.
- Columbia Financial, Inc. CLBK fell 11.1% to $19.46 following Q3 results.
- West Pharmaceutical Services, Inc. WST fell 11.1% to $226.22 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
- AMTD Digital Inc. HKD fell 10% to $21.30.
- XPeng Inc. XPEV dipped 10% to $7.37.
- LendingClub Corporation LC shares fell 8.5% to $10.67 after the company issued Q4 guidance below estimates.
- STMicroelectronics N.V. STM fell 5.8% to $32.61 following Q3 results.
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Image and article originally from www.benzinga.com. Read the original article here.