U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Friday. Here are some big stocks recording losses in today’s session.
- Tenet Healthcare Corporation (NYSE: NYSE:THC) shares tumbled 30.4% to $37.78 after the company reported worse-than-expected Q3 sales results and issued Q4 and FY22 adjusted EPS and sales guidance below estimates.
- Snap Inc . (NYSE: NYSE:SNAP) fell 30.3% to $7.53 following Q3 results. The company said it will not provide Q4 expectations due to uncertainties in the operating environment but believes it is likely that year-over-year revenue growth will decelerate as it moves through Q4. The company also said total time spend watching content in the US decreased 5% year over year.
- SVB Financial Group (NASDAQ: SIVB) dropped 20.5% to $240.49 after reporting Q3 earnings.
- Surgery Partners, Inc. (NYSE: SGRY) declined 12.6% to $22.97.
- Robert Half International Inc. (NYSE: NYSE:RHI) shares dropped 10.1% to $71.78 after reporting downbeat Q3 earnings.
- Bed Bath & Beyond Inc. (NASDAQ: BBBY) fell 9.4% to $4.5766.
- HCA (NYSE:HCA) Healthcare, Inc. (NYSE: HCA) dropped 9.2% to $189.50 after the company reported worse-than-expected Q3 sales results.
- Select Medical Holdings Corporation (NYSE: SEM) declined 8.3% to $21.62.
- Pinterest (NYSE:PINS), Inc. (NYSE: PINS) fell 7.1% to $21.35 in sympathy with Snap, which gave an uncertain fourth-quarter outlook.
- Twitter, Inc. (NYSE: TWTR) shares fell 4.3% to $50.18. The U.S. is reportedly discussing the possibility of subjecting Elon Musk’s companies to national security reviews. Musk has also been locked in a battle over buying Twitter. The U.S. government is reportedly unhappy with the billionaire mobilizing financing from foreign high-net-worth individuals to consummate the deal.