DLocal Limited shares jumped 26% following the company’s second-quarter earnings release that beat revenue expectations and delivered strong growth metrics. The Uruguayan payments processor raised its fiscal revenue guidance, projecting 30% to 40% year-over-year growth.
Cisco, the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal year, even as sales from artificial intelligence projects begin to pick up. The shares dropped 1.4%.
Bumble stock dropped 8.8% following reports that shareholders are offering a block of shares at a significant discount to the day’s closing price.
Intuitive Machines stock sank 9% after the space exploration company announced plans to offer $250 million in convertible senior notes due 2030 in a private placement to qualified institutional buyers.
Coherent beat Wall Street expectations for the fourth quarter on Wednesday, but its shares fell 17.7% after the laser and optical components maker issued a mixed forecast for the current quarter.
Ibotta shares tumbled 29.9% as the tech company reported disappointing results for the second quarter and issued third quarter sales guidance that was below expectations.