Signature Bank — Shares of the crypto bank lost 6% amid the sell-off in cryptocurrencies and crypto equities, as investors digested the fallout from the liquidity crunch that led Binance, the largest exchange in the world, to offer to bail out rival FTX.
News Corp — Shares slid 5% after the company reported a slight miss on its fiscal first quarter earnings, compared to FactSet estimates. NewsCorp posted revenue that also came in shy of estimates.
Akamai Technologies — The web technology company rose 7% after Akamai reported better-than-expected earnings for the most recent quarter of $1.26 per share. Analysts expected $1.22 per share, according to FactSet. Revenue figures also surpassed expectations.
Affirm — The stock plunged 18% after Affirm disappointed on earnings per share expectations, and issued weaker-than-expected guidance for its fiscal second quarter.
Upstart Holdings— The AI-driven lending platform tumbled 11% after the company issued a weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions.
