Wendy's Jumps 23% on Take-Private Bid as ZoomInfo Sinks 33% After Guidance Cut
Updated
Updated · CNBC · May 12
Wendy's Jumps 23% on Take-Private Bid as ZoomInfo Sinks 33% After Guidance Cut
1 articles · Updated · CNBC · May 12
ZoomInfo fell more than 33% premarket after cutting full-year revenue guidance to $1.185 billion-$1.205 billion from $1.247 billion-$1.267 billion, making it the session's sharpest move.
Wendy's rose more than 23% after the Financial Times reported Trian Fund Management was seeking financing for a bid to take the chain private.
Earnings misses drove several other declines: Under Armour slid 14% on a wider-than-expected loss and $1.17 billion in revenue, while Hims & Hers dropped 14% on weak guidance and GitLab fell 11% after outlining restructuring tied to agentic AI.
A few gainers stood out despite the broader weakness, with Plug Power up more than 7% on a narrower loss and stronger revenue, while On Holding slipped 5% even after beating estimates and raising earnings guidance.
On Holding's stock fell despite record earnings. What does this market paradox signal to other high-growth brands?
GitLab is cutting jobs to chase agentic AI. Is this a bold strategic pivot or a sign of deeper trouble?
Bitcoin miners are rushing into AI data centers. Are they escaping one crisis only to enter a new tech bubble?