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Take a look at the businesses making headlines in noon buying and selling: Ford Motor — The automaker’s inventory fell greater than 17% after reporting second-quarter earnings that missed Wall Avenue’s expectations. Ford posted adjusted earnings per share of 47 cents in comparison with the consensus forecast of 68 cents, in keeping with LSEG. Nonetheless, automotive income of $44.81 billion got here in above the consensus estimate of $44.02 billion. Viking Therapeutics — Shares surged greater than 33% following the drug developer’s announcement that its experimental weight problems remedy, VK2735, shall be moved to a part 3 scientific trial. The corporate additionally mentioned that an oral model of the drug will start part 2 trials within the fourth quarter. Molina Healthcare — Shares superior greater than 15% after the corporate reaffirmed its full-year steering for adjusted earnings of not less than $23.50 per share. That is barely above the $23.09 per share that analysts polled by FactSet had been anticipating. Molina’s earnings and income additionally beat expectations for the second quarter. Edwards Lifesciences — The inventory plunged greater than 25% after it slashed its steering for transcatheter aortic valve replacements. Edwards additionally reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. For the third quarter, Edwards sees income ranging between $1.56 billion and $1.64 billion. Analysts had estimated income of $1.62 billion. ServiceNow — The software program inventory surged 14% after reporting stronger-than-expected earnings and an elevated annual subscription income forecast . Individually, Chief Working Officer CJ Desai resigned after an inside investigation into the hiring of the previous chief data officer of the U.S. Military. American Airways — Shares rose greater than 6% after the airline beat earnings estimates for the second quarter. American Airways posted adjusted earnings of $1.09 per share, above the $1.05 analysts had been anticipating, per LSEG. Income, nonetheless, got here in weaker than anticipated and the corporate slashed its full-year forecast. Honeywell — Shares moved greater than 4% decrease after the commercial big’s full-year outlook missed analysts’ expectations. The corporate sees third-quarter earnings between $2.45 and $2.55 per share, which is decrease than a StreetAccount estimate of $2.58 per share. Southwest Airways — Shares of the air provider rose about 6% after better-than-expected outcomes for the second quarter. Southwest earned 58 cents per share, excluding sure gadgets, on $7.35 billion of income. Analysts surveyed by LSEG had estimated 51 cents per share on $7.32 billion of income. The corporate additionally mentioned it could finish open seating . RTX — The aerospace and protection provides producer rallied greater than 8% after second-quarter earnings topped estimates. RTX earned $1.41 per share, excluding gadgets, in comparison with analysts’ estimate of $1.30 per share, in keeping with LSEG. The corporate additionally posted $19.79 billion in income, topping forecasts as properly. Lululemon — Shares of the athletic retailer slipped 7% on the again of a Citi downgrade to impartial from purchase. The agency mentioned a class slowdown shall be “powerful to outrun,” whereas execution difficulties can result in elevated competitors and promotional pressures. Hasbro — The toymaker jumped almost 4% after beating expectations for the second quarter and elevating its steering for the complete 12 months. Hasbro earned $1.22 per share, excluding gadgets, on $995 million in income, whereas analysts polled by LSEG anticipated 78 cents a share in earnings and $944 million in income. AbbVie — The biopharmaceutical inventory jumped greater than 4% after the corporate reported second-quarter outcomes that beat the Avenue’s expectations. AbbVie posted earnings of $2.65 per share, excluding gadgets, in comparison with the LSEG consensus estimate of $2.57 per share. Income additionally got here in above expectations at $14.46 billion in comparison with the $14.03 billion consensus estimate. Worldwide Enterprise Machines — The inventory superior greater than 5% after the corporate beat expectations for the second quarter. Worldwide Enterprise Machines posted adjusted earnings of $2.43 per share on $15.77 billion in income. In accordance with LSEG, analysts had been anticipating earnings to come back in at $2.20 per share on $15.62 billion in income. Northrop Grumman — The protection inventory climbed greater than 5% after the corporate beat second-quarter earnings expectations. Northrop Grumman earned $6.46 per share on income of $10.22 billion. Analysts had anticipated $5.93 per share in income on income of $10.02 billion, per LSEG. The corporate additionally raised its full-year forecast. Nasdaq — The inventory spiked greater than 6% after the monetary companies firm reported better-than-expected second-quarter outcomes. Nasdaq posted earnings of 69 cents per share, excluding gadgets, on income of $1.16 billion. Analysts surveyed by LSEG had estimated earnings of 64 cents per share on $1.13 billion in income. Align Know-how — Shares of the Invisalign aligner producer slipped about 6% after its forecast disillusioned and income was barely worse than anticipated. Adjusted earnings got here out at $2.41 per share for the second quarter, shy of the $2.30 per share estimate. Income of $1.03 billion for the interval was beneath the consensus expectation of $1.04 billion. Align expects clear aligner quantity and programs and companies income to fall as a consequence of third-quarter seasonality. — CNBC’s Alex Harring, Yun Li, Pia Singh, Hakyung Kim and Jesse Pound contributed reporting.
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