Credit Suisse, Meta Platforms, Wolfspeed And Some Other Big Stocks Moving Lower On Thursday

Author: Lisa Levin | October 27, 2022 11:27am

U.S. stocks traded mixed, with the Dow Jones gaining more than 300 points on Thursday. Here are some big stocks recording losses in today’s session.

• Babcock & Wilcox Enterprises, Inc. (NYSE:BW) shares dipped 26% to $5.91. Babcock & Wilcox said it sees FY23 adjusted EBITDA of $100 million to $120 million.
• Sleep Number Corporation (NASDAQ:SNBR) fell 23.3% to $28.10 following Q3 earnings.
• Meta Platforms, Inc. (NASDAQ:META) shares declined 22.6% to $100.47 after the company reported worse-than-expected Q3 EPS and issued Q4 revenue guidance with a midpoint below estimates. The company also guided FY23 expenses of $96 billion to $101 billion.
• Wolfspeed, Inc. (NASDAQ:WOLF) dropped 20.4% to $84.75 after the company issued Q2 sales guidance below estimates.
• FormFactor, Inc. (NASDAQ:FORM) fell 20.2% to $21.65 after the company reported worse-than-expected Q3 sales and issued Q4 guidance below estimates.
• Carriage Services, Inc. (NYSE:CSV) fell 19.7% to $25.75 after the company reported worse-than-expected Q3 EPS results.
• Horizon Bancorp, Inc. (NASDAQ:HBNC) dropped 18.9% to $16.04 after the company reported worse-than-expected Q3 EPS results.
• Align Technology, Inc. (NASDAQ:ALGN) fell 17.8% to $182.30 after the company reported worse-than-expected Q3 results.
• Credit Suisse Group AG (NYSE:CS) shares fell 17.8% to $3.94. Credit Suisse Group posted a Q3 loss of $1.58 per share.
• FTI Consulting, Inc. (NYSE:FCN) dropped 16.8% to $146.36 after the company lowered the high end of its 2022 EPS guidance.
• Amedisys, Inc. (NASDAQ:AMED) fell 14.4% to $90.19 after the company reported worse-than-expected Q3 results. Raymond James downgraded the stock from Outperform to Market Perform.
• TriMas Corporation (NYSE:TRS) fell 12.3% to $25.07 following weak quarterly results.
• World Acceptance Corporation (NASDAQ:WRLD) dropped 11.2% to $91.72 following a Q2 loss.
• Columbia Financial, Inc. (NASDAQ:CLBK) fell 11.1% to $19.46 following Q3 results.
• West Pharmaceutical Services, Inc. (NYSE:WST) fell 11.1% to $226.22 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
• AMTD Digital Inc. (NYSE:HKD) fell 10% to $21.30.
• XPeng Inc. (NYSE:XPEV) dipped 10% to $7.37.
• LendingClub Corporation (NYSE:LC) shares fell 8.5% to $10.67 after the company issued Q4 guidance below estimates.
• STMicroelectronics N.V. (NYSE:STM) fell 5.8% to $32.61 following Q3 results.

Posted In: ALGN AMED BW CLBK CS CSV FCN FORM HBNC HKD LC META SNBR STM TRS WOLF WRLD WST XPEV