Today's Top Moves: Twilio, Tripadvisor, Boston Beer, Roku, and more

‍Twilio

Twilio's shares rose 19% after the company beat revenue expectations in its most recent quarter. Its revenue came in slightly higher than the Refinitiv consensus estimate of $1 billion, at $1.02 billion.

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West Pharmaceutical Services

West Pharmaceutical Services' shares surged more than 13% after the company beat profit and sales expectations in the fourth quarter. Despite revenue of $708.7 million, the drug and healthcare products maker posted adjusted earnings of $1.77 per share. Based on consensus estimates from StreetAccount, analysts expected $1.38 EPS on $657.2 million in revenue.

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Roku

Shares of Roku surged more than 17% after the streaming device company reported a smaller loss and higher revenue than analysts expected.

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Tripadvisor

Tripadvisor shares fell 7.5%. The company beat earnings and revenue expectations in its earnings report earlier this week but expects EBITDA to be flat year over year in 2023 despite a nearly 20% increase in 2022. Following the earnings call, Bernstein downgraded the stock to market perform from outperform, noting that the strategic plan unveiled was "more defensive than offensive."

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DocuSign

E-signature software company DocuSign added 4% after announcing plans to lay off 10% of its employees.

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Boston Beer Company

After the company reported a surprise loss for the fourth quarter and said it expected another quarter of losses amid supply-chain disruptions, its shares tumbled nearly 13%. In the most recent quarter, Boston Beer lost $11.4 million, or 93 cents per share.

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Shopify

In response to Shopify's weaker-than-expected revenue guidance, its stock dropped more than 16%. Other than that, Shopify's top and bottom lines exceeded expectations.

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Cisco Systems

Cisco Systems stock jumped more than 4% after hitting Refinitiv's consensus forecasts on top and bottom lines. Revenue of $13.59 billion resulted in earnings of 88 cents per share for digital communications stock. On revenue of $13.43 billion, this was better than analysts' estimates of 86 cents per share.

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Virgin Galactic Holdings

Shares of the space travel company rose nearly 4% following Wednesday's test flight of its mothership, Eve. Eve took to the skies over Mojave, California for her first flight since her mechanical upgrades were completed.

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Hasbro

After Hasbro beat earnings per share expectations, the stock rose more than 2%. Refinitiv's consensus estimate of $1.29 per share was beaten by $1.31 earnings per share reported by the company. Expectations were met regarding revenue.

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Synopsys

As a result of Synopsys' lackluster guidance for its fiscal second quarter, the company's shares fell by more than 4%. Apart from that, the firm beat earnings expectations in its latest quarter, while revenue remained in line with expectations.

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