Company News for May 16, 2022

• Shares of Twitter, Inc. TWTR plunged 9.7% after Elon Musk said that his $44 billion buyout deal with the company was “temporarily on hold”.

• EQRx, Inc.’s EQRX shares soared 24.2% after the company reported first-quarter 2022 loss of $0.17 per share, narrower than the Zacks Consensus Estimate of a loss of $0.25 per share.

• Shares of Affirm Holdings, Inc. AFRM surged 31.4% after the company reported third-quarter fiscal 2022 loss of $0.19 per share, narrower than the Zacks Consensus Estimate of a loss of $0.45 per share.

• Endeavor Group Holdings, Inc.’s EDR shares jumped 5.2% after it reported first-quarter 2022 earnings of $0.73, surpassing the Zacks Consensus Estimate of $0.31 per share.

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