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This is the closing bell on the stock mover's report the company's making moves at the close of US trading with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
All right, let's go to some specific stocks on the move. In fact, this one, we were breaking down the earnings after the close yesterday, and this was a top gainer in both the S and P and the Nasdaq one hundred. We're talking about Cadence Design Systems, finishing the day up about seven point six percent. The company reported forth quitter results that beat expectations. They gave an outlook that is seen as positive. Wall Street's been weighing in throughout the day.
Morgan and Piper Sandler Morgan Stanley. That is in Piper Standler lowering the price targets on the stock, Rosenblatt upgrading the stock to a buy and raising its price targeted three sixty from three thirty five, stock closing at about three hundred and five dollars a share. Let's move on over to to wing Stop because that one. So that's my gift to you.
Okay, you're welcome.
Thank you all right, Wing Stop up about ten percent. It was up as much as twenty percent intra day. This is, of course, the restaurant chain specializing in chicken wings reported just at earnings per share and total domestic comp sales growth for the fourth quarter that beat consensus estimates.
The results kind of a welcome surprise, if you will, after analysts had warned that the chain's heavy exposure to lower income, hispatic and younger consumers, groups that have pulled back the most un dining out, could weigh on results. But this one definitely an outperformer. And guys, we have some more earnings.
We do two notes, so Wingstop just open and Hoboken, so that's huge. Also, we're getting door Dash earnings right now. They see first quarter marketplace be Government gov between thirty one billion dollars to thirty one point eight billion dollars. That is a red headline on the Bloomberg terminal. The estimate had been for thirty point seventy five billion dollars. When it comes to their fourth quarter EPs, it looks
like that did miss estimate. It's pretty materially forty eight cents that was the figure for EPs for the fourth quarter the estimate had been four fifty five cents. When it comes to revenue, also a slight miss there. When it comes to the first quarter outlook for adjusted EPITAUS six hundred and seventy five million dollars to seven hundred and seventy five million dollars. That is a big range, and it's actually below the estimate of about eight hundred
point one million dollars. You can see the shares reacting right now, currently lower by about five percent.
Okay, I'm looking at shares the eBay. They're higher by about three point four percent. The company out with its latest results, but also some news it will buy de Pop from Etsy for about one point two billion dollars in cash. In addition to that, fourth quarter net revenue coming in at two point nine to seven billion that's above estimates of two point eighty seven billion dollars. Fourth quarter gross merchandise volume coming in above estimates, fourth quarter
active buyers coming in above estimates. Fourth quarter adjusted EPs coming in just above estimates. The company did raise its dividend it match Bloomberg projections once again. Fourth quarter EPs from continued operations beating estimates. Shares hire by the after hours, ever, so slightly. The company sees first Quarternet revenue three billion to three point oh five billion dollars. That did beat
estimates of two point seven nine billion dollars. And once again, the company's going to buy Deepop for METSI for about one point two billion dollars in cash.
At some point we got to go back and talk about what the heck's going on with Etsy, but I do want to talk about moustlin Cores, the brewer maker out with the beer maker out. With its earnings right now, four Q net sales two point six six billion, relatively in line with estimates, maybe a smidge light from the two point seven billion dollar average of analyst estimates, but underlining underlying EPs did beat at a dollar twenty one
to share. The street was looking for a dollar fifteen overall, though we should point out that sales were actually down by about three percent year over year, in line with expectations. But of course, this is a company that's been struggling a little bit here with a decline in alcohol consumption, particularly in certain sectors of the beer market.
All right, guys, let's go to Carvana, which was on fire last year. We've seen a bit of a different trade this year, and I see the stock down about fifteen percent in the aftermarket. Yeah, exactly. Fourth quarter adjusted ebit a five hundred eleven million, that's a miss. Street was looking for five thirty five point seven and fourth quarter revenue five point six billion, that is above street estimates. And fourth quarter adjusted EBITA margin nine point one percent.
That's a miss. The street was looking for ten point four percent. We'll look for some outlook on this one, but investors not please right now.
That's short memsaus on this stock too, right.
Right, So we're definitely going to see some movement there.
The Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.