Coinbase – Shares of the crypto services operator soared 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes in the most recent quarter. The rally followed a rally for bitcoin after a key inflation reading showed a better-than-expected slowdown in rising prices.
Wendy’s – The restaurant chain saw its shares plummet more than 2% after reporting a revenue miss. U.S. same-restaurant sales rose 2.3% — less than analysts had estimated — as consumers spent more cautiously. Wendy’s earnings in the latest quarter topped estimates, however.
Roblox – Shares of the video game platform slumped 5% in midday trading after postmarket earnings Tuesday missed analyst expectations. Roblox’s quarterly loss was wider than expected, and its bookings, which include sales recognized during the quarter and deferred revenue, fell by 4% year over year.
Twitter – The social media company blasted above 3% after Elon Musk disclosed the sale of nearly $7 billion in Tesla shares in the past few days. Investors are uncertain whether a Delaware Chancery court will force Musk to follow through on his deal to buy Twitter for $44 billion. Shares of Tesla gained more than 2.5%.
