Check out the Companies Making Headlines in Midday Trading Here are the latest updates on the companies that are making waves in midday trading: SoFi Technologies Shares of SoFi Technologies have been see-sawing as traders analyze the company’s latest quarterly results. SoFi reported a massive revenue beat for the third quarter and raised its outlook …
Johnson & Johnson on Tuesday reported adjusted earnings and revenue that surpassed Wall Street’s expectations, while raising full-year guidance due to strong sales in the pharmaceutical and medical devices businesses. This marks J&J’s first quarterly report since the completion of its separation from consumer health spinoff Kenvue in August, which is the largest reorganization in …
Walgreens, the retail pharmacy giant, reported fiscal fourth-quarter earnings that fell short of expectations. Demand for Covid vaccines and tests has decreased in the US, impacting the company’s performance. This is the second consecutive quarter in which Walgreens has underperformed Wall Street’s adjusted earnings expectations. Despite this, the company did report narrower losses and progress …
In a surprising turn of events, Nike reported its revenue for the fiscal first quarter fell short of Wall Street’s expectations, marking the first time in two years. However, the company exceeded earnings and gross margin estimates, causing its stock to soar in after-hours trading. Here is a breakdown of Nike’s performance compared to analyst …
Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alcoa — Shares of the aluminum stock slipped 6.1% after the company said executive vice president William …
A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants reported earnings and revenue that exceeded analysts’ expectations in Q1 as the owner of Ruth’s Chris Steak House. However, the fine-dining segment of Darden’s same-store sales experienced a …
In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Check out the companies making headlines in midday trading. Oil stocks — Petroleum refiners Valero Energy and Marathon Petroleum gained 1.4% and 1.5%, respectively, as West Texas Intermediate and Brent crude prices reached their highest levels since November, …
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Discover the top companies in premarket trading. Kroger — The supermarket chain experienced a 2.8% drop after releasing a mixed second-quarter report. Kroger’s earnings per share ex-items reached 96 cents, surpassing the …
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon has announced an increase in its full-year guidance following an impressive 18% growth in sales and profit for its second fiscal quarter. The surge in revenue was mainly attributed to a 61% spike in sales …
Joseph M. Hogan is the Chief Executive Officer of Align Technology. Source: Jin Lee | Bloomberg | Getty Images Take a look at the companies generating buzz before the market opens. Align Technology – Share prices surged by 2.5% in early morning trading following HSBC’s buy rating initiated coverage. The financial firm commended the strong …