Check out the companies making headlines in midday trading: Lilium — U.S.-listed shares fell more than 57% after the German air taxi startup said in a regulatory filing that its two main subsidiaries would file for insolvency , which is when debts cannot be repaid, in the next few days. Shares of Lilium, which is a penny stock, traded around the 25 cent mark Thursday afternoon. Tesla — The stock surged more than 20% following the electric vehicle maker’s third-quarter profit beat . CEO Elon Musk forecast that the company will see vehicle growth of 20% to 30% in 2025. Newmont — Shares plunged more than 14% on the back of the company’s weaker-than-expected third-quarter earnings. Newmont reported adjusted earnings of 81 cents per share on revenue of $4.61 billion for the period, while analysts polled by FactSet were expecting 86 cents per share on $4.67 billion in revenue. QuantumScape — The battery manufacturer jumped 23% due to the company’s third-quarter results matching expectations, per FactSet. For the quarter, the company posted a loss per share of 23 cents. It also said it has begun producing low volumes of its first B-sample cells. Molina Healthcare — Shares rallied 21% after the managed care company’s latest quarterly results, which beat estimates. Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Revenue of $10.34 billion exceeded the forecast $9.91 billion. Whirlpool — Shares popped about 14% after Whirlpool topped third-quarter expectations. The home appliance company posted adjusted earnings of $3.43 per share, more than the earnings of $3.19 per share expected by analysts polled by LSEG. West Pharmaceutical Services — Shares surged 17% after West Pharmaceutical Services reported a third-quarter beat. The maker of packaging components for injectables earned $1.85 per share, adjusted, in its latest quarter, better than the earnings per share of $1.50 anticipated by analysts, according to FactSet. Revenue of $746.9 million topped the consensus estimate of $709.6 million. CBRE Group — Shares jumped 9% and hit a 52-week high after the commercial real estate firm reported third-quarter adjusted earnings per share and revenue that topped expectations. CBRE also upped its full-year adjusted earnings guidance to $4.95 to $5.05 per share, up from $4.70 to $4.90 a share. Analysts polled by FactSet were anticipating full-year adjusted earnings per share of $4.82. Raymond James Financial — Shares rose 7% after the financial services firm posted fiscal fourth-quarter adjusted earnings of $2.95 per share. Analysts polled by FactSet had expected just $2.41 per share. The company’s $3.46 billion in revenue was also higher than the estimated $3.32 billion. Teradyne — The automation company plunged 9% despite posting a third-quarter non-GAAP earnings and revenue beat. Teradyne also provided fourth-quarter guidance that encompassed FactSet’s earnings and revenue estimates. Carrier Global — Shares fell 8%. The company reported adjusted earnings of 77 cents per share from its continuing operations. Carrier classified its Fire & Security segment as discontinued operations in the last quarter. Therefore, the company’s third-quarter revenue and guidance were not comparable with Wall Street’s estimates. Northrop Grumman — The defense company advanced 2% after reporting an earnings beat. Northrop Grumman posted $7 in earnings per share for the third quarter, beating the average analyst estimate of $6.07 per LSEG. On the other hand, revenue came in at $10 billion for the quarter, below forecasts calling for $10.18 billion. ServiceNow — The software company advanced more than 5%. ServiceNow posted third-quarter adjusted earnings of $3.72 per share, topping Wall Street’s estimate of $3.46 per share, according to LSEG. ServiceNow’s revenue of $2.80 billion also exceeded the $2.74 billion analysts had expected. Mattel — The toymaker jumped 4% after earnings per share exceeded expectations for the third quarter. Mattel reported adjusted earnings of $1.14 per share, surpassing the consensus forecast of 95 cents from analysts surveyed by LSEG. However, the company posted $1.84 billion in revenue for the quarter, slightly under the $1.86 billion figure anticipated by analysts. Boeing — The plane manufacturer slipped roughly 2% after Boeing machinists voted against a new labor contract , further extending a strike that has been going on for more than five weeks. International Business Machines — Shares tumbled about 7% after the tech giant posted third-quarter revenue that disappointed analysts’ expectations. Sales for IBM came out to $14.97 billion in the last quarter, versus the $15.07 billion analysts had expected, per FactSet. — CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim and Sarah Min contributed reporting.
Original news source Credit: www.cnbc.com
Boeing Co, breaking news, Breaking News: Markets, business, Business News, Carrier Global Corp, CBRE Group Inc, Economy, International Business Machines Corp, Lilium NV, Market Insider, Markets, Mattel Inc, Molina Healthcare Inc, Newmont Corporation, Northrop Grumman Corp, Quantumscape Corp, Raymond James Financial Inc, regwall-marketmovers, ServiceNow Inc, stock markets, Teradyne Inc, Tesla Inc, West Pharmaceutical Services Inc, Whirlpool Corp
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