Trade Desk and Expedia Stocks Up, Capri Holdings and Five9 Down
- Trade Desk and Expedia saw significant rises in their stock prices on Friday, marking a positive shift for these companies.
- Conversely, Capri Holdings and Five9 experienced declines in their stock valuations, indicating potential concerns about their market performance.
- This fluctuation in stock prices reflects the ongoing volatility in the business landscape.
NEW YORK (AP) — In a notable trading session on Friday, several stocks experienced significant gains following positive earnings reports that exceeded Wall Street expectations. The Trade Desk Inc. (TTD) saw a rise of $8.09, closing at $96.36, after the digital-advertising platform reported second-quarter earnings that surpassed forecasts. Similarly, Take-Two Interactive Software Inc. (TTWO), known for its popular video game franchise "Grand Theft Auto," climbed $3.75 to $142.54, buoyed by better-than-expected fiscal first-quarter earnings. Expedia Group Inc. (EXPE) also enjoyed a substantial increase, gaining $11.41 to reach $129.38, as the online travel company reported second-quarter results that outperformed analyst predictions. Akamai Technologies Inc. (AKAM) followed suit, rising $9.56 to $101.13 after beating both earnings and revenue forecasts for the second quarter. Additionally, Pitney Bowes Inc. (PBI) saw a modest increase of 66 cents, closing at $6.34, thanks to its strong second-quarter earnings. On the other hand, not all companies fared well. Carpi Holdings Ltd. (CPRI), the parent company of Michael Kors and Versace, experienced a decline of $1.27 to $30.83 after reporting fiscal first-quarter earnings that fell significantly short of expectations. Five9 Inc. (FIVN) faced a more severe drop, down $11.29 to $31.18, as the cloud-based software provider for call centers revised its revenue forecast downward for the year.