Check out the companies making the biggest moves midday. Coinbase Global \u2014 Shares surged nearly 16% after the cryptocurrency exchange reported its first profit in two years. Coinbase’s fourth-quarter earnings came in at $1.04 per share, above the 1 cent loss expected from analysts polled by LSEG, formerly known as Refinitiv. Revenue was $954 million, versus the consensus estimate of $822 million. Roku \u2014 The streaming service provider slid 24% after posting a larger-than-expected loss for the fourth quarter. Average revenue per user, a key metric for Roku, also missed estimates. Nike \u2014 Shares pulled back 3% after the sneaker giant said it was laying off 2% of its workforce as part of a broader restructuring . The stock was also downgraded on Friday to perform from outperform at Oppenheimer, which cited spotty consumer demand, lulls in product innovation and modest competition. Applied Materials \u2014 Shares of the semiconductor equipment maker jumped 8.7% on the company’s better-than-expected fiscal first-quarter results and strong second quarter. The stock was also on pace for its best day since Nov. 10, 2022, when it surged 11%. Yelp \u2014 Shares tumbled 14% after the company gave disappointing full-year guidance. Yelp expects full-year revenue to come in between $1.42 billion and $1.44 billion, less than the $1.46 billion expected from analysts polled by LSEG. Its adjusted EBITDA guidance for the first quarter and full year were also light. Vulcan Materials \u2014 The construction materials company added 7% following a fourth-quarter earnings beat. Vulcan’s adjusted earnings per share came in at $1.46, topping the $1.40 expected from analysts polled by FactSet. Toast \u2014 The stock jumped nearly 17% after the restaurant management software company beat expectations for fourth-quarter earnings and revenue. Toast also said it plans to cut 500 jobs and announced $250 million in share buybacks. Dropbox \u2014 Shares shed 20% after the cloud storage company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, versus the $632.5 million expected from analysts polled by FactSet. Trade Desk \u2014 The stock popped almost 20% after the advertising software company said it expects first-quarter revenue to come in at $478 million, topping the $452 million guidance expected from analysts surveyed by LSEG. DoorDash \u2014 Shares tumbled 9% after the food delivery platform posted a larger-than-anticipated loss for the fourth quarter. DoorDash reported a loss of 39 cents per share, bigger than the loss of 16 cents forecast from analysts surveyed by LSEG. Elsewhere, the company beat expectations for revenue and announced a $1.1 billion share repurchase program. Super Micro Computer \u2014 The information technology company shed 11.6% after Wells Fargo initiated coverage of the stock with an equal weight rating. The firm said shares are “already discounting solid upside.” The stock has rallied 212% year to date. Bloom Energy \u2014 The green energy stock slumped nearly 19% after the company reported an earnings and revenue miss for the fourth quarter. Guidance for the full year also fell short of expectations. Carvana \u2014 Shares dropped 7% after Raymond James downgraded the used car dealer to underperform from market perform, expressing doubt in Carvana’s near-term growth outlook. Nvidia \u2014 Shares climbed more than 1% after Loop Capital initiated the chipmaker with a buy rating and a price target that calls for 65% upside over the next 12 months . \u2014 CNBC’s Samantha Subin, Sarah Min, Alex Harring and Pia Singh contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making the biggest moves midday. Coinbase Global \u2014 Shares surged nearly 16% after the cryptocurrency exchange reported its first profit in two years. Coinbase’s fourth-quarter earnings came in at $1.04 per share, above the 1 cent loss expected from analysts polled by LSEG, formerly known as Refinitiv. Revenue was $954 million,…<\/p>\n","protected":false},"author":1,"featured_media":66810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-66809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n