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Datadog Soars, Tapestry Drops, Whirlpool Sinks
Description
On this episode of Stock Movers:
- Datadog (DDOG) surged by the most in more than six years after the software developer raised its full-year outlook for sales and earnings, far exceeding Wall Street’s expectations.Revenue is now expected to total $4.3 billion to $4.34 billion, above analysts’ estimates of $4.09 billion on average. The company also raised its adjusted earnings guidance to as much as $2.44 a share, from as much as $2.16 previously.
- Tapestry (TPR) shares decline as much as 10% in trading on Thursday, the most intraday since Nov. 6, as analysts point out that the company’s full-year guidance implies a fourth-quarter slowdown at its Coach brand. Shares had surged 16% this year through Wednesday’s close.
- Whirlpool (WHR) shares tumbled 21% after the household appliance manufacturer more than halved their earnings outlook with the war weighing on consumer demand.
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