Shares of Sony Group Corporation (NYSE: SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65.
Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion.
Sony Group shares fell 6.3% to $89.86 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Datasea Inc. (NASDAQ: DTSS) shares jumped 1,173% to $18.59. On Tuesday, Datasea posted a narrower second-quarter loss.
- Earlyworks Co., Ltd. (NASDAQ: ELWS) surged 416% to $2.35 on two passive stakes.
- enGene Holdings Inc. (NASDAQ: ENGN) jumped 95.5% to $14.90. The company’s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day’s closing price.
- Cineverse Corp. (NASDAQ: CNVS) surged 92.9% to $2.9899. Cineverse announced forthcoming launch of AI-powered movie search platform cineSearch.
- Cheche Group Inc. (NASDAQ: CCG) gained 74.3% to $5.49.
- MGO Global, Inc. (NASDAQ: MGOL) rose 66% to $0.6647.
- Cogent Biosciences, Inc. (NASDAQ: COGT) surged 62.7% to $8.89.
- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) gained 35% to $1.29 after the company announced it received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the INSPIRA ART500 device.
- Lyft, Inc. (NASDAQ: LYFT) shares gained 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
- Healthcare Services Group, Inc. (NASDAQ: HCSG) gained 25.7% to $11.90 following upbeat earnings.
- Blink Charging Co. (NASDAQ: BLNK) gained 24.2% to $3.3288. Blink Charging announced preliminary fourth-quarter revenue excess of $42 million.
- Larimar Therapeutics, Inc. (NASDAQ: LRMR) rose 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.
- Clene Inc. (NASDAQ: CLNN) gained 22.9% to $0.52.
- Angi Inc. (NASDAQ: ANGI) gained 22.2% to $2.97 following upbeat earnings.
- Iris Energy Limited (NASDAQ: IREN) shares rose 20.5% to $8.35.
- CEVA, Inc. (NASDAQ: CEVA) gained 18.5% to $23.92 following upbeat earnings.
- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) gained 17.1% to $9.47 following quarterly results.
- Resideo Technologies, Inc. (NYSE: REZI) rose 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.
- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) jumped 15.7% to $20.59 following better-than-expected quarterly results.
- Robinhood Markets, Inc. (NASDAQ: HOOD) shares gained 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.
- United Fire Group, Inc. (NASDAQ: UFCS) rose 13.5% to $24.32 following upbeat results.
- Allison Transmission Holdings, Inc. (NASDAQ: ALSN) gained 13% to $69.53 after the company reported better-than-expected quarterly financial results.
- MRC Global Inc. (NYSE: MRC) rose 12.1% to $11.64 following upbeat earnings.
- Coinbase Global, Inc. (NASDAQ: COIN) gained 11.5% to $156.50 amid strength in Bitcoin.
- CCSC Technology International Holdings Limited (NASDAQ: CCTG) shares rose 10.2% to $3.56 after dipping around 10% on Tuesday.
- Tower Semiconductor Ltd. (NASDAQ: TSEM) gained 8.5% to $31.07 following strong results.
- Sentage Holdings Inc. (NASDAQ: SNTG) shares jumped 8.4% to $2.46.
- Charles River Laboratories International, Inc. (NYSE: CRL) gained 7.2% to $236.00 after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.
- VBI Vaccines Inc. (NASDAQ: VBIV) shares surged 5.2% to $0.6941. Brii Biosciences agreed to acquire VBI's IP rights in BRII-179 (VBI-2601) and plans to initiate technology transfer to expand clinical and commercial supplies.
Losers
- Azitra, Inc. (NYSE: AZTR) shares fell 69.5% to $0.2653. Azitra priced its $5 million public offering of 16.667 million common shares at $0.30 per share.
- Ohmyhome Limited (NASDAQ: OMH) fell 40.7% to $1.3397 after the company priced its upsized $4.8 million public offering of 3,555,555 ordinary shares at $1.35 per share.
- QuidelOrtho Corporation (NASDAQ: QDEL) fell 34.9% to $43.49 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.
- BioNexus Gene Lab Corp. (NASDAQ: BGLC) shares fell 34.4% to $1.03 after jumping 282% on Tuesday.
- Sunworks, Inc. (NASDAQ: SUNW) fell 34.3% to $0.0662.
- Enviva Inc. (NYSE: EVA) fell 33.2% to $0.2977. Enviva is preparing to file for bankruptcy within days, the Wall Street Journal reported.
- EpicQuest Education Group International Limited (NASDAQ: EEIQ) fell 27.5% to $1.16.
- Nukkleus Inc. (NASDAQ: NUKK) shares declined 21.6% to $1.5338 after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.
- Upstart Holdings, Inc. (NASDAQ: UPST) fell 20.5% to $26.19 after the company issued first-quarter revenue guidance below estimates.
- Esports Entertainment Group, Inc. (NASDAQ: GMBL) shares fell 20% to $1.48. Esports Entertainment Group announced voluntary delisting from the Nasdaq and transfer to the OTCQB Venture Market.
- Qurate Retail, Inc. (NASDAQ: QRTEB) declined 18.4% to $4.69.
- CAE Inc. (NYSE: CAE) fell 12.2% to $18.36 after the company reported worse-than-expected quarterly financial results.
- The Chemours Company (NYSE: CC) dipped 10.5% to $27.29.
- Vroom, Inc. (NASDAQ: VRM) fell 10.5% to $13.71.
- Maplebear Inc. (NASDAQ: CART) fell 7.8% to $25.67 following quarterly results.
- MGM Resorts International (NYSE: MGM) shares declined 7.4% to $42.29 after the company reported fourth-quarter financial results.
- Akamai Technologies, Inc. (NASDAQ: AKAM) fell 7.3% to $115.89 after the company reported mixed quarterly financial results.
- The Kraft Heinz Company (NASDAQ: KHC) declined 5.5% to $34.13 after the company reported mixed quarterly financial results.
- Airbnb, Inc. (NASDAQ: ABNB) shares declined 5% to $143.25 after the company reported fourth-quarter financial results.
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