ZipRecruiter (ZIP) fell 23% after forecasting first-quarter revenue of $176 million to $182 million, down about 21% year over year at the midpoint and below expectations Analysts of $206.8 million. The company said that in the first few weeks of the year, employers “softened their hiring plans and cut recruiting budgets in response to an increasingly uncertain macroeconomic backdrop.”
Shares of La-Z-Boy (LZB) gained 15% after the home furniture maker posted third-quarter earnings that beat expectations.
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Keysight Technologies (KEYS) fell 13% after the electronic systems company posted first-quarter adjusted earnings that beat Wall Street consensus but gave a bearish sales outlook. The stock was the top loser on the
S&P500
Wednesday.
Palo Alto Networks (PANW) jumped 12.5% after the cybersecurity company raised guidance for the fiscal year after posting better-than-expected adjusted earnings and sales in the second quarter.
Wingstop (WING) shares rose 7.7% after the chicken wing restaurant company reported fourth-quarter earnings that beat analysts’ expectations.
Coinbase Global
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(COIN) fell 1.4% even after the crypto broker posted a smaller-than-expected loss for its fourth quarter.
Toll Brothers (TOL) rose 3% after the homebuilder released first-quarter earnings that beat analysts’ estimates.
CoStar Group (CSGP) fell 5.1% after the real estate research firm issued a weaker-than-expected first-quarter guidance. Discussions about CoStar’s purchase of Move Inc. — which operates Realtor.com — from News Corp “ended without a settlement,” the Wall Street Journal reported. (News Corp is owned by Barron’s publisher, Dow Jones.)
1Life Healthcare (ONEM) rose 2.9% after Amazon.com (AMZN) completed its acquisition of One Medical’s parent company after the
The Federal Trade Commission said it would not block the deal.
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Occidental Petroleum (OXY) shares fell 2.3% on Wednesday after the oil and gas company was downgraded from In Line to Underperform by analysts at Evercore ISI.
Alcoa (AA) rose 1.9% after shares of the aluminum maker were upgraded to Buy from Neutral by analysts at Citi.
Overstock.com (OSTK) is down 2.5% after reporting an adjusted loss of four cents a share for the fourth quarter, while analysts expected a gain of two cents.
Write to Joe Woelfel at joseph.woelfel@barrons.com