Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72.
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Check out the companies making headlines in midday trading Friday.
Warner Bros. Discovery — The media company’s stock cratered 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros. Discovery also said it plans to combine its HBO Max and Discovery+ streaming services.
Lyft — Lyft soared 16.6% after sharing an unexpected profit for the recent quarter. Revenue fell in-line with estimates.
Beyond Meat — The plant-based meat maker’s stock soared 21.9% even after the company shared results for the recent quarter that missed on the top and bottom lines….