- Advertisement -Newspaper WordPress Theme
FinanceFord, eBay, Tesla, Merck, more

Ford, eBay, Tesla, Merck, more

Ford Motor Co. CEO Jim Farley walks to talk at a information convention on the Rouge Complex in Dearborn, Michigan, September 17, 2020.

Rebecca Cook | Reuters

Check out the businesses making headlines in noon buying and selling.

Ford Motor — Shares of the automaker soared more than 9% after a stellar earnings report. Ford Motor, which reported earnings Wednesday, almost doubled Wall Street’s earnings expectations and barely beat income projections for the third quarter. The automaker additionally elevated its annual steerage for the second time this 12 months.

eBay — The e-commerce firm’s inventory fell roughly 6.3% after a weak fourth-quarter income steerage. eBay topped earnings expectations by 1 cent per share and beat income estimates, in response to Refinitiv, nevertheless.

Tesla — Shares of Tesla continued climbing as Piper Sandler hiked its worth goal on the electrical car inventory to a brand new Street excessive. The inventory traded up 3.2%. Piper Sandler raised its share worth forecast to $1,300 from $1,200, implying 25% potential upside from Wednesday’s shut.

Apple, Amazon — Big Tech names Apple and Amazon traded increased forward of their quarterly earnings studies after the bell Thursday. Apple gained 2.3%, whereas Amazon rose 2.1%.

Caterpillar — Shares of Caterpillar rose 3.3% after it reported a third-quarter beat on bottom-line estimates regardless of a slight income miss. The heavy gear maker recorded earnings of $2.66 per share, beating analysts’ estimates of $2.20.

Naked Wines — Shares of Naked Wines leapt about 50% after hedge fund supervisor Glen Kacher revealed the corporate as a prime choose on CNBC’s “Halftime Report” Thursday. Kacher has constructed a 9.9% stake within the wine distributor.

Merck — The drug maker jumped more than 5% after reporting its quarterly earnings. Merck introduced in $1.75 per share, beating estimates by 20 cents, and topping income estimates because of stronger gross sales of vaccines and most cancers medication.

Anheuser-Busch — Shares of the beer brewer soared 8.5% after a shock enhance in third-quarter revenue. The firm additionally raised its earnings forecast for the 12 months.

Northrop Grumman – Shares of the protection contractor dropped more than 6% after the the corporate’s third-quarter revenues got here in at $8.72 billion, quick the anticipated $8.95 billion, in response to Refinitiv. The firm noticed year-over-year gross sales declines in its aeronautics and protection segments. Northrop did beat expectations for earnings per share.

Twilio — Shares of Twilio sunk more than 15% regardless of better-than-expected quarterly earnings outcomes. Twilio earned 1 cent per share, higher than the 15 cent loss per share anticipated, in response to Refinitiv. Revenue additionally got here in above estimates. However, Twilio forecast a wider-than-expected loss within the fourth quarter. COO George Hu additionally introduced his departure.

Teradyne — Teradyne’s inventory surged 11% after a better-than-expected earnings report. The gear maker reported adjusted revenue of $1.59 per share on income of $950.5 million. Analysts surveyed by StreetAccount anticipated earnings of $1.43 per share on income of $932.9 million. Teradyne additionally obtained upgrades from Cowen and UBS following the earnings report.

Tempur Sealy — The mattress firm’s shares fell 3.7% regardless of reporting sturdy quarterly outcomes. Tempur Sealy recorded earnings of 88 cents per share for the quarter, beating estimates by 3 cents. It additionally reported a income beat and a powerful gross sales enhance in worldwide markets.

Teladoc Health — Shares of telehealth firm popped more than 8% in noon buying and selling after reporting a smaller-than-expected earnings loss for the third quarter. Teladoc misplaced 53 cents per share, whereas analysts anticipated a lack of 65 cents per share, in response to Refinitiv. The firm made $522 million in income, topping estimates of $517 million.

ServiceNow — Shares of the software program firm rose 3.6% in noon buying and selling after beating on the highest and backside strains of its quarterly outcomes. ServiceNow reported earnings of $1.55 on income of $1.51 billion. Wall Street anticipated earnings of $1.38 per share on income of $1.48 billion, in response to Refinitiv.

American Express — Shares of American Express dipped more than 2% after the corporate announced a brand new absolutely digital enterprise checking account and its first ever enterprise debit card.

— CNBC’s Tanaya Macheel, Maggie Fitzgerald, Yun Li and Jesse Pound contributed reporting


Please enter your comment!
Please enter your name here

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme