Hydrogen delivery truck Plug Power.
Source: Power supply
Consult the companies that make securities in the trading of lunch.
Plug Power – The shares of the fuel cell manufacturer fell by more than 16% after Plug Power said it would review the financial results due to accounting errors. In a file, the company said the errors are primarily related to areas, including the depreciation of certain long-lived assets, as well as accumulations of losses for certain service contracts. “There is no expected impact on our cash position, business operations or the economy of trade agreements,” the company said, adding that the analysis did not find any misconduct.
Coupa Software – The shares of the financial management software company fell by more than 7%, even after a better-than-expected quarterly report. The coup gained an adjusted 17 cents per share in the last quarter, compared to expectations of a loss of 11 cents per share, according to Refinitiv. The company’s revenues also exceeded expectations.
Lennar – The house builder’s share price fell by almost 7% after reporting strong quarterly results. Lennar reported earnings per share of $ 2.04. Revenue reached $ 5.33 billion, exceeding estimates of $ 5.13 billion, according to Refinitiv.
CrowdStrike Holdings – the stock of security software increased by about 0.3% after the company reported earnings that exceeded analysts’ estimates. CrowdStrike reported quarterly earnings of 13 cents a share, exceeding estimates by 5 cents, according to Refinitiv. CrowdStrike also issued an optimistic outlook, projecting revenues of more than $ 1 billion this year.
Uber – Travel service shares fell 4.7% on Wednesday morning after the company said it would grant British drivers worker status, minimum wage and certain benefits. Uber’s decision came after the country’s Supreme Court upheld a ruling that a group of drivers were workers, not independent contractors.
McDonald’s – McDonald’s shares rose 1.6% in lunch trading after Deutsche Bank updated the global burger chain to buy and said investors should see 11% over next year. UBS also released a bullish note on Wednesday and said McDonald’s should continue to see strong sales growth through 2021 due to its foray into chicken sandwiches.
Coherent – Laser’s share price rose 2.8% after Coherent said it had received a revised takeover bid from optical component maker Lumentum for $ 6.9 billion in cash and stock. This is 8of tender for Coherent in a takeover bid involving Lumentum, II-VI and MKS Instruments.
– with reports from CNBC Yun Li, Pippa Stevens, Tom Franck and Jesse Pound.