Shares in several major companies have plummeted today, with Groupon down 39.5% after disappointing third-quarter revenue and global gross billings. Wynn Resorts is down 7.3% due to concerns about restructuring in Macao, while Diageo shares fell 13.7% after the company forecasted a challenging environment ahead. Illumina plunged 13.6% after cutting earnings guidance, and Plug Power tumbled over 34% after missing earnings and revenue estimates.
Other companies feeling the heat include TKO Group, Treace Medical Concepts, The Trade Desk, Freyr Battery, Hawaiian Electric, Synaptics, Hologic, and Vera Therapeutics.
The pharmaceutical Hologic, however, saw a 5.6% increase after reporting fourth-quarter earnings that exceeded analyst consensus forecasts. Vera Therapeutics climbed 4% after an upgrade to buy from hold Jefferies, and Synaptics rallied 13.7% following a better-than-expected financial report for the fiscal first quarter.
It’s been a rough day for many companies, but there are still some bright spots in the market.