Shopify, Etsy, Twitter and more

Elon Musk’s Twitter account is visible through the Twitter logo in this illustration taken April 25, 2022.

Dado Ruvic | Reuters

See which companies made the headlines in Thursday afternoon trading:

EPAM Systems – Shares jumped 10.7% after the computer software company posted better-than-expected results for the previous quarter. EPAM reported earnings of $2.49 per share on revenue of $1.17 billion. The company is projected to earn $1.79 per share on revenue of $1.06 billion, according to a FactSet consensus estimate.

Booking Holdings – Booking’s share price jumped 3.3% after the company’s quarterly results beat analysts’ expectations. The travel company also reported $27 billion in gross bookings for the latest quarter, a record quarterly total for Booking. The company also said it is gearing up for a busy summer travel season.

Shopify – Shares of the e-commerce platform fell 14.9% after the company predicted revenue growth would be lower in the first half of the year as it navigates tough pandemic-era comparisons. Shopify also reported adjusted quarterly earnings of 20 cents per share, well below Refinitiv’s guidance of 64 cents per share.

Twitter – Shares rose 2.7% after CNBC’s David Faber reported that Elon Musk is expected to be interim CEO of Twitter within months of completing a $44 billion takeover of the social media platform. Regulatory reports released Thursday also show Musk has received another $7 billion from friends and investors to buy Twitter.

Etsy – The online marketplace plunged 16.8% after the company released weaker-than-expected guidance for the current quarter amid falling consumer disposable income. Etsy reported earnings that were in line with expectations and earnings that were higher than expected.

– Yun Li and Hannah Miao of CNBC also contributed to the report.

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