DoorDash, Hasbro, Palantir, Walmart and more

The Monopoly board game from toymaker Hasbro in a toy store in New York.

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Check out the companies making headlines Thursday at noon.

DoorDash – Shares of DoorDash jumped 10.6% after the food delivery company’s quarterly revenue came in better than expected. DoorDash posted $1.3 billion in revenue last quarter, beating a Refinitiv estimate of $1.28 billion. The company also saw good order numbers and added new users, suggesting demand for food delivery services remains high.

Palantir Technologies – Shares of Palantir fell 15.7% after the company’s earnings fell short of expectations for the fourth quarter, although its revenue beat estimates. Its reported net loss was $156.19 million, higher than the loss of $148.34 million recorded the previous year.

Hasbro – The toymaker saw its shares rise 2% after activist investor Alta Fox Capital Management named five directors to the company’s board. Alta is pushing Hasbro to create its Wizards of the Coast unit and digital games unit, which includes franchise brands like Dungeons and Dragons and Magic: The Gathering. Alta owns a 2.5% stake in Hasbro worth about $325 million.

Fastly – Shares of the cloud computing company plunged 33.6% on disappointing full-year guidance. Fastly reported a fourth-quarter loss, though narrower than analysts expected, and revenue beat consensus estimates.

Nvidia – Shares of the chipmaker fell 7.5% despite the company posting strong quarterly results. Nvidia noted that its automotive business, which is a growing market for its chips, saw revenue drop 14% to $125 million. It has also come under pressure due to concerns over its exposure to the cryptocurrency market.

Cheesecake Factory – The restaurant chain saw its shares rise 4% before falling, despite reporting earnings that fell short of analysts’ expectations and rising input costs that reversed a beat in revenue. The company anticipates a price increase for new menus that may increase in price later this year.

Walmart – Shares of the retail giant rose 4% after Walmart beat profit expectations and said it was on track to meet its long-term financial goals, calling for a adjusted mid-single-digit earnings per share growth.

Tripadvisor — The travel site operator fell 2.5% following an unexpected quarterly loss and shortfall. Tripadvisor said it expects the travel market to improve significantly in 2022 after what it called “unexpected periods of virus resurgence” in 2021.

Cisco Systems – The software company added 2.7% after reporting higher quarterly revenue and profit and issuing an upbeat full-year outlook, citing strong demand from cloud computing companies. Cisco’s earnings of 84 cents per share beat estimates by 3 cents. Revenue was $12.72 billion, versus estimates of $12.65 billion.

Equinix – Digital infrastructure company Equinix gained 2.6% after TD Securities upgraded the stock to buy-hold, citing its recent pullback. The upgrade came a day after the company reported fourth-quarter adjusted EBITDA that beat estimates, as well as a slight revenue overrun.

— CNBC’s Yun Li contributed reporting.

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