Carvana, Cinemark, Coinbase, DraftKings, DoorDash, Expedia, Funk, Starbucks, Twilio

Carvana Company fell 37.2% to $9.01 after the online used car retailer said total sales fell 3% and auto sales fell 8% and net loss margin widened to 15%.

Cinemark Holdings, Inc rose 9.8% to $11.65 after the chain theater operator reported earnings ahead of expectations.

Third-quarter revenue rose 50% to $650.4 million from $434.8 million a year ago.

Net loss in the quarter narrowed to $24.5 million from $77.8 million and diluted loss per share fell to 20 cents from 65 cents a year ago.

The company operates a network of 5,835 movie screens, and the company has commitments to open two new cinemas and 19 screens in the rest of 2022 and seven new cinemas and 55 screens in the coming year.

Coinbase Global Inc rose 4.4% to $58.32 and the cryptocurrency exchange plunged to a quarterly loss of $545 million after revenue fell more than 50% to $590 million after declined transactions.

DraftKings Inc fell 26.7% to $11.49 after the online sports betting company reported a quarterly loss that was smaller than some analysts had expected.

DraftKings fell after the company said the company’s business is vulnerable to an economic downturn and could be negatively impacted if consumer spending weakens.

DoorDash Inc rose 6.30% to $50.66 after the local delivery services provider said September quarter orders rose 27% to 439 million, total order volume jumped 30% to $13.5 billion.

Third quarter revenue rose 33% to $1.7 billion from $1.28 billion a year ago.

Net loss jumped to $295 million from $101 million and diluted loss per share rose to 77 cents from 30 cents a year earlier.

Expedia Group gained 5.9% to $92.81 and the online travel services provider said third-quarter revenues rose 22% to $3.6 billion and net income improved 333% to $482 million or $2.98 a diluted share.

In the quarter, room-nights booked increased 22% to 81.6 million and total bookings increased 28% to $24 billion.

The company said it continued to repurchase stock and completed the buyback through October of 2 million shares for $200 million.

Funko Inc fell 57.3% to $8.32 after the maker of licensed collectibles reported weaker-than-estimated third-quarter results and guided for a fourth-quarter loss.

Net sales in the third quarter increased 36.6% to $365.6 million and net income decreased 39.3% to $11.1 million from a year ago.

Diluted earnings per share fell to 19 cents from 28 cents last year.

The company guided full-year 2022 revenue between $1.29 billion and $1.33 billion and guided fourth quarter gross margin to decline due to seasonality and inventory management.

Starbucks The corporation rose 8.2% to $91.66 after the coffee chain said fiscal fourth quarter results were negatively impacted by travel restrictions in China but comparable sales in North America jumped 11%.

September quarter revenue rose 3% to $8.4 billion from $8.1 billion a year ago.

Net income fell to $878.3 million from $1.764.6 million and diluted earnings per share fell to 76 cents from $1.49 a year ago.

During the quarter, the company opened 763 net new stores globally for a total of 35,711 stores.

Sales in North America rose 6%, or 15% adjusted for an additional week last year, to $6.1 billion on an 11% increase in comparable store sales.

Twilio Inc fell 34.6% to $42.74 after third-quarter revenue growth slowed to 33% and the company guided fourth-quarter revenue growth between 18% and 19%.

Cloud computing stocks have taken a beating on concerns that the industry may be slowing faster than estimated.

ZoomInfo Technologies fell 6.3%, Cloudflare fell 18%, fell 8.4% and ServiceNow fell 6.5%.

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