Microsoft, Carvana fall; Etsy, Square rise
Posted Feb 27, 2020 02:23:57 PM.
NEW YORK — Stocks that moved heavily or traded substantially on Thursday.
Microsoft Corp., down $11.99 to $158.18.
The software giant said its personal computing segment won’t meet revenue forecasts because of the virus outbreak.
Patterson Companies, up $1.33 to $24.01.
The dental and animal health products company beat analysts’ fiscal third-quarter profit and revenue forecasts.
Square Inc., up $2.72 to $79.31.
The app maker for processing credit card payments beat Wall Street’s fourth-quarter financial forecasts as it gained subscribers.
Carvana Co., down $12.79 to $88.77.
The online used car seller reported a surprisingly big fourth-quarter loss.
Nutanix Inc., down $9.33 to $23.30.
The cloud-computing company gave investors a weak fiscal third-quarter financial forecast.
Etsy Inc., up $7.23 to $57.92.
The online crafts marketplace beat analysts’ fourth-quarter earnings forecasts and gave investors a strong revenue forecast for the year.
ServiceMaster Global Holdings Inc., up $3.68 to $37.43.
The residential and commercial services company beat Wall Street’s fourth-quarter profit forecasts.
Box Inc., up 30 cents to $15.28.
The cloud-computing company reported strong fourth-quarter profits and revenue.
The Associated Press