share price movement

Beyond Meat Inc. BYND -13.83% reported a wider-than-expected loss in its recently completed quarter because of higher spending, sending shares of the meat-alternative maker lower in after-hours trading. Beyond Meat Chief Executive Ethan Brown said cost-intensive measures the company took to support strategic launches weighed on its bottom line. “We recognize that the decisions we are making today in…

Shares of electric-vehicle startup Rivian RIVN -9.92% Automotive Inc. are trading near all-time lows ahead of the company’s quarterly earnings update, expected after the close Wednesday.The Irvine, Calif.-based auto manufacturer, led by Chief Executive Officer RJ Scaringe, was among a handful of EV-focused startups that went public last year with highflying valuations, tapping Wall Street’s zeal for the auto industry’s transition to electrics. But this year has proved…

More U.S. public companies are going private as deal makers look to use the capital they have built up to buy targets made more attractive amid recent stock-market declines.A handful of deals announced or completed so far in 2022—including for social-media company Twitter Inc. and software firm Citrix Systems Inc. —appear to be setting the stage for another busy year in which public companies are acquired by either private-equity firms or a controlling…

Walt Disney Co. DIS 0.65% ’s earnings Wednesday are likely to provide clues as to whether the market views the entertainment giant as too similar to its streaming rival Netflix Inc., NFLX 2.63% which recently posted a decline in subscribers and saw its share price suffer, said investors and analysts.As Disney prepares to report fiscal second quarter earnings, shares of the world’s largest entertainment company are…

Toyota Motor Corp. projected a 21% drop in net profit for the current fiscal year despite higher revenue, blaming higher material costs. Toyota shares fell following the announcement Wednesday. The shares closed down 4.4% in Tokyo trading Wednesday. The Japanese car maker said its net profit in the January-March quarter, the final quarter of the previous fiscal year, fell 31% compared with a year earlier to the equivalent of $4.1 billion, although revenue was up 5.5%.…

Online car dealer Carvana Co. CVNA -3.33% plans to lay off 12% of its workforce after closing a deal to expand operations that forced the company to borrow on onerous terms. Carvana CEO Ernie Garcia III said in an email to employees that the company had overshot its growth strategy and would cut around 2,500 workers, centered around the company’s operations. The email was viewed by The Wall Street Journal.…

Peloton Interactive Inc. PTON -19.53% reported falling quarterly sales and mounting losses and said it recently secured $750 million in financing to help support its turnaround bid. The disclosures come as the once-hot maker of connected-fitness equipment grapples with weaker demand with Americans returning to their prepandemic lifestyles. Shares fell 25% in premarket trading to around $10.50. Before the report, shares were down roughly 50% year to date. The…

Palantir Technologies Inc. PLTR -21.94% shares fell more than 20% after the company forecast that its sales growth is slowing as its government business drags down growth. The data-mining company on Monday projected sales of $470 million in the current quarter, up 25% from a year earlier. That would be the slowest growth rate since the company made its public market debut in 2020. Analysts had projected sales of $484 million, according…

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part by rival Lyft Inc.’s LYFT -29.91% results a day earlier. Lyft spooked…