U.S. stocks closed mostly lower on Wednesday, with the Nasdaq Composite dropping over 200 points. Here is the list of some big stocks recording losses in the previous session.
- Stride, Inc. (NYSE:LRN) shares tumbled 29.4% to settled at $32.86 following weak quarterly earnings.
- CTS Corporation (NYSE:CTS) declined 17.8% to close at $36.17 after reporting Q3 results.
- Constellium SE (NYSE:CSTM) fell 15.1% to close at $10.97 following Q3 results.
- TriNet Group, Inc. (NASDAQ:TNET) fell 14.2% to close at $65.68 after the company reported worse-than-expected Q3 sales results.
- Spotify Technology S.A. (NYSE:SPOT) dropped 13% to close at $84.42 following Q3 results.
- Manhattan Associates, Inc. (NASDAQ:MANH) declined 11.4% to close at $118.34 following the company's Q3 financial results.
- Mr. Cooper Group Inc. (NASDAQ:COOP) fell 11.4% to settle at $39.55 following Q3 results.
- Zurn Elkay Water Solutions Corporation (NYSE:ZWS) dropped 11% to settle at $22.34 following downbeat sales.
- Assurant, Inc. (NYSE:AIZ) fell 10.5% to close at $136.75 after the company reported preliminary Q3 2022 financial results.
- UMB Financial Corporation (NASDAQ:UMBF) dropped 10.3% to settle at $80.16 after the company reported worse-than-expected Q3 EPS and sales results.
- Skechers U.S.A., Inc. (NYSE:SKX) shares fell 9.8% to close at $32.41 after the company reported weak earnings and issued guidance below analyst estimates.
- Alphabet Inc. (NASDAQ:GOOG) shares dropped 9.6% to close at $94.82 after the company reported weaker-than-expected earnings results for its third quarter after the closing bell on Tuesday. YouTube and Network revenue were down on a year-over-year basis, bringing overall Google Ad revenue to $54.48 billion, up from last year’s $53.13 billion.
- Navient Corporation (NASDAQ:NAVI) fell 9.5% to settle at $14.45 following weak quarterly earnings.
- HashiCorp, Inc. (NASDAQ:HCP) dropped 9.2% to close at $30.83.
- The Boeing Company (NYSE:BA) fell 8.8% to settle at $133.79 following Q3 earnings. The company said its path to recovery is taking longer than expected due to a challenging macro environment.
- Seagate Technology Holdings plc (NASDAQ:STX) dropped 8% to close at $53.39 after the company reported worse-than-expected Q1 EPS and sales results and issued Q2 adjusted EPS and sales guidance below estimates.
- Avery Dennison Corporation (NYSE:AVY) dropped 7.8% to close at $163.24 after the company narrowed FY22 guidance.
- Microsoft Corporation (NASDAQ:MSFT) shares fell 7.7% to close at $231.32. Microsoft posted better-than-expected earnings for its first quarter. Revenue for the Microsoft Cloud segment was $25.7 billion in the first quarter, up 24%% year-over-year.
- Canon Inc. (NYSE:CAJ) dropped 7.4% to close at $21.32 after the company reported Q3 EPS and sales results were lower year over year.
- Chipotle Mexican Grill, Inc. (NYSE:CMG) declined 6.8% to settle at $1,476.03 after the company reported slightly lower-than-expected Q3 sales.
- KBR, Inc. (NYSE:KBR) fell 5.1% to close at $46.52 after the company reported worse-than-expected Q3 sales and narrowed FY22 revenue guidance.
