DIDI - Hot Stocks: SCHW drops on earnings; ETSY seller discontent; DIDI falls; ATER rallies
Financial firms have dominated the early stages of this earnings season, with Charles Schwab (NYSE:SCHW) becoming the latest mover in Monday's midday trading. The stock plunged on a disappointing quarterly report. Selling also gripped shares of Etsy (ETSY) which dropped on word of seller discontent amid higher fees. DiDi Global (DIDI) represented another midday decliner, as weak revenue and a looming delisting prompted a double-digit percentage decline. On the other side of the ledger, Aterian (ATER) advanced in intraday action. The stock got a boost from a new addition to the firm's C-Suite. Decliners Charles Schwab (SCHW) suffered intense selling pressure, falling nearly 9% in midday action following the release of its Q1 earnings report. The company reported a quarterly profit that missed expectations, as revenue dipped 1% to $4.67B. The disappointing results came amid lower trading revenue and higher expenses. SCHW also suffered a decline in total client assets
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Hot Stocks: SCHW drops on earnings; ETSY seller discontent; DIDI falls; ATER rallies