Markets closed lower, with Autodesk, CommScope Holding Company, Inc., Riot Blockchain, Inc. making Friday's list of top losers.
Before tomorrow's session begins, here is a reminder of recent events: leading equity indices in the US declined as Nasdaq lost 1.69% and ended the session at 11,400. After dropping 1.02%, Dow Jones closed at 32,817.
In line with markets falling Friday, some technology stocks made the list of top losers. Take a look.
Autodesk | Closed down 12.95% at $192.53 Friday
The 3D design software company trades at $192.53 after dropping by 12.95% ($28.63), its largest single-day drop since June 2022. Having set a significant low of $164.31 8 months ago, the 3D design software company is trading 34.6% higher. So far this year, it has been doing worse than the Nasdaq by 5.25%. The company has a market cap of $41.54 billion with an average daily volume of 1.44 million shares.
Autodesk was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 1.26 per share on revenue of $1.32 billion, topping estimates of 1.18 per share on revenue of $1.28 billion.
-9.32%: CommScope Holding Company, Inc. lost 9.32% Friday, closed at $7.78
After ending Thursday at $8.58, CommScope Holding Company, Inc. dropped to $7.71 early in Friday's session and closed at $7.78. In total, it lost 9.32%. Currently, the broadband enterprise business has a market capitalization of $1.62 billion with an average daily trading volume of 2.57 million shares.
CommScope Holding Company, Inc. was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.43 per share on revenue of $2.32 billion, topping estimates of 0.42 per share on revenue of $2.30 billion.
Riot Blockchain, Inc. | Currently down 7.85% at $5.87
The Bitcoin miner is now trading 93.62% above the significant low ($3.29) it slumped to a month ago. The company's market cap currently stands at $982 million with an average daily trading volume of 15.52 million shares. Riot Blockchain, Inc. expected revenue of $57 million with an EPS of -2 cents.