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Midday movers: Lyft, Expedia, Newell Brands and more

Investing.com
·1-min read

By Liz Moyer

Investing.com -- Stocks were mixed on Friday, with the tech-heavy Nasdaq falling more than 1% and on track to end lower for the week. Here are the midday movers for Feb. 10.

LYFT Inc (NASDAQ:LYFT) stock was down 36% after the ride-hailing company forecast first quarter revenue that was below expectations. It has been cutting prices because of competition and cited seasonality. Expedia Inc (NASDAQ:EXPE) shares fell 8% after the travel booking site said results for the fourth quarter were adversely affected by severe weather. Demand was strong and getting stronger, it said.

Newell Brands Inc (NASDAQ:NWL) shares were down 2% after the maker of Rubbermaid said it expects a first quarter loss of 6 cents to 3 cents a share while analysts had forecast it would have a profit.

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PayPal Holdings Inc (NASDAQ:PYPL) shares rose 1.7% after the payments company beat expectations for the recent quarter and forecast a stronger than expected profit for 2023. Its CEO Dan Schulman announced plans to retire this year.

Yelp Inc (NYSE:YELP) shares rose 4% after the review website forecast better than expected net revenue. Revenue for 2022 reached a record $1.2 billion.

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