Check out the companies making headlines in midday trading: Pinterest — Shares tumbled more than 14% after the social media company’s forward guidance came in below estimates. The company issued third-quarter revenue guidance in a range between $885 million and $900 million, below the $908.6 million consensus estimate analysts polled by FactSet were forecasting. Second-quarter earnings and revenue topped expectations, however, according to LSEG. Vistra — The stock soared nearly 15% after the Texas-based power company announced that the Nuclear Regulatory Commission has approved its request to continue operating the Comanche Peak Nuclear Power Plant. The license renewal extends Vistra’s operations of the 2,400-megawatt plant through 2053. Match Group — Shares of the Tinder dating app owner moved more than 13% higher after the company posted second-quarter revenue of $864 million. That is above the $856.5 million estimate that analysts polled by FactSet had expected. Match also said it plans to exit live-streaming services in its dating apps and sunset Hyperconnect’s live-streaming app “Hakuna,” which provides services mainly in Japan and Korea. Advanced Micro Devices — Shares gained more than 4% following the chipmaker’s earnings and revenue beat for the second quarter. AMD posted adjusted earnings of 69 cents per share on revenue of $5.84 billion. Analysts surveyed by LSEG were expecting 68 cents per share on revenue of $5.72 billion. Nvidia and Qualcomm shares rallied in sympathy around 13% and more than 8%, respectively, following the results. Arista Networks — Shares of Arista Networks popped more than 11% after the networking company posted second-quarter results that topped Wall Street’s estimates on the top and bottom lines. The company reported adjusted earnings of $2.10 per share on $1.69 billion in revenue. Skyworks Solutions — The semiconductor stock plunged more than 3% after its fiscal third-quarter adjusted earnings of $1.21 failed to top the Street’s expectations. On the other hand, its revenue of $906 million exceeded analyst consensus of $900 million, according to LSEG. Upstart — The stock rallied more than 7% after Mizuho double upgraded it to outperform from underperform. Citing improving risk for borrowers and an increasing likelihood of lower interest rates as catalysts, analyst Dan Dolev sees shares rising 19% from Tuesday’s close. DuPont de Nemours — Shares rose around 4% following the company’s second-quarter results that beat Wall Street’s expectations. DuPont posted earnings of 97 cents per share, excluding items, on $3.17 billion in revenue. Analysts surveyed by LSEG had expected 85 cents in earnings per share on revenue of $3.05 billion. The chemical maker also raised its full-year forecast for earnings and revenue. Humana — Shares fell more than 10% after the health insurer posted full-year guidance that fell short of expectations. Humana expects earnings of $16 per share for the year, versus the $16.34 per share expected from analysts polled by FactSet. Starbucks — The coffee chain rose more than 2% despite reporting weaker-than-expected sales for the fiscal third quarter. Starbucks reported that revenue dipped to $9.11 billion, below the $9.24 billion expected by analysts. The company did meet expectations with adjusted earnings of 93 cents per share. AutoNation — The car dealer stock popped more than 6% despite revenue missing Wall Street expectations. AutoNation posted $6.48 billion in the quarter, under the $6.72 billion consensus forecast of analysts polled by LSEG. Kraft Heinz — Shares jumped around 4% after the ketchup maker posted better-than-expected second-quarter adjusted earnings. Revenue, however, came in below expectations at $6.48 billion, compared to the $6.55 billion analysts polled by FactSet had expected. Marriott International — The hotel stock fell nearly 5% after the company reported second-quarter revenue that missed expectations. Marriott reported $6.44 billion, which was below the $6.47 billion analysts polled by FactSet had expected. The company also posted weaker-than-expected guidance on adjusted earnings for the third quarter, forecasting a range of $2.27 to $2.33 per share. Analysts polled by FactSet expected $2.38 in earnings per share. Bunge — The food stock moved more than 8% lower after the company posted second-quarter results that missed analysts’ expectations. Bunge reported adjusted earnings of $1.73 per share on revenue of $13.24 billion. Analysts polled by FactSet had expected $1.83 in earnings per share on $14.3 billion in revenue. Constellation Energy — Shares rose more than 12% following results from the mid-Atlantic grid operator PJM’s capacity auction. The operator cleared a total of 17.5 gigawatts from Constellation between 2025 and 2026. Boeing — The aerospace company jumped 2% after it named Robert “Kelly” Ortberg to replace CEO Dave Calhoun. Ortberg previously helmed aerospace supplier Rockwell Collins, which is now known as Collins Aerospace. He begins his new role on Aug. 8. — CNBC’s Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Michelle Fox contributed reporting.
Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong AI-related demand. Shares of chip giants Nvidia and Micron each rose about 3% in sympathy following the quarterly results. Nvidia — The AI-darling was up nearly 3% after hitting a record high earlier in the trading session. Taiwan Semiconductor, which is rallying on its earnings report, is a major Nvidia supplier. Expedia , Uber — Shares of the companies moved in opposite directions following a Financial Times report, which cited people familiar with the process, that Uber explored a potential takeover bid for Expedia. The paper said Uber’s interest in the online travel company was at a “very early stage.” Following the report, Expedia rose more than 3%, while Uber fell more than 2%. Elevance Health — The health insurer dropped 12% after reporting a profit of $8.37 per share for the third quarter, excluding items, while analysts polled by LSEG anticipated $9.66 a share. The company cited “unprecedented challenges” in the Medicaid business. However, Elevance saw $44.72 billion in revenue, above the consensus forecast of $43.37 billion. Travelers — Shares jumped 7.6% after the insurance company posted a big earnings beat before the bell. Travelers’ third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. However, revenue missed estimates. Lucid Group — The electric vehicle maker tumbled 15% after the company announced a public offering of almost 262.5 million shares of its common stock to raise $1.67 billion. Blackstone — The stock rallied nearly 7% on the back of the alternative asset managers’ financial report. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. Analysts polled by LSEG had expected EPS of 92 cents on revenue of $2.41 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. CSX’s earnings were 46 cents per share on revenue of $3.62 billion. That’s below the consensus estimate of 48 cents per share and $3.67 billion in revenue, per LSEG. Nokia — U.S.-listed shares of the Finnish telecommunications giant fell 3% after the company posted an 8% dip in third quarter sales due to a slowdown in the Indian market. However, its quarterly profit increased 22%. Alcoa — The aluminum producer’s stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. However, its adjusted earnings of 57 cents per share topped the 28 cents a share expected from analysts. Equifax — Shares fell 2.6% after the company’s guidance fell short of expectations. Equifax expects fourth-quarter adjusted earnings per share between $2.08 and $2.18, versus the $2.20 a share estimate from analysts polled by FactSet. The company guided for full-year adjusted EPS between $7.25 and $7.35, short of the $7.36 consensus estimate. Revenue for both the fourth quarter and full year also came in below expectations. Steel Dynamics — The stock gained nearly 5% after the steel producer beat earnings and revenue expectations for the third quarter. For the period, Steel Dynamics posted earnings of $2.05 per share on $4.34 billion in revenue, above the $1.97 per share on $4.18 in revenue that analysts were expecting, according to LSEG. Looking toward 2025, the company said it expects steel pricing to recover. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter. Synovus also guided for fourth-quarter adjusted revenue of $560 million to $575 million, above the $558 million expected from analysts polled by FactSet. Walgreens Boots Alliance — The stock dropped about 5%, paring some of the 15.8% it gained in the prior session and now on pace for its worst day since Aug 27. On Wednesday, Walgreens reported a fourth-quarter earnings beat and said it plans to close about 1,200 stores over the next three years. — CNBC’s Sean Conlon, Hakyung Kim, Alex Harring and Pia Singh contributed reporting.
Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains “confident” amid “unprecedented challenges in the Medicaid business.” Health care stocks Molina Healthcare and Centene also fell nearly 9% and more than 7%, respectively. Taiwan Semiconductor – The stock surged more than 8% after the company reported a 54% gain in net profit for the third quarter. Shares of chip giant Nvidia – one of TSMC’s clients – rose more than 3% in sympathy following the quarterly results. Expedia – Shares jumped nearly 5% after The Financial Times reported, citing people familiar with the process, that Uber explored a potential takeover bid for the online travel company. According to Financial Times sources, Uber’s interest in Expedia was at an “early stage.” Uber shares fell more than 2%. Lucid Group – The stock tumbled 18% after the electric vehicle maker announced a public offering of nearly 262.5 million shares of its common stock. Lucid also said its majority stockholder, Saudi Arabia’s Public Investment Fund affiliate Ayar Third Investment, will purchase more than 374.7 million shares of its common stock. Nokia – Shares slid more than 5% after the company reported an 8% dip in sales for the third quarter, citing a slowdown in the Indian market. Nokia’s profit for the period, however, increased 22%. Looking ahead, CEO Pekka Lundmark said in a statement that he expects full-year profit to come in “within the bottom-half” of its guidance range. CSX – The transportation stock fell more than 4% following the company’s weaker-than-expected quarterly results. For the third quarter, CSX posted earnings of 46 cents per share on revenue of $3.62 billion. That’s below the 48 cents per share and $3.67 billion in revenue that analysts were expecting, per LSEG. Alcoa – Shares rallied nearly 7% following the aluminum producer’s earnings beat. Alcoa reported third-quarter adjusted earnings of 57 cents per share, versus the 28 cents a share expected from analysts polled by LSEG. However, revenue came in at $2.90 billion, below the $2.97 billion consensus estimate. Kinder Morgan – The energy infrastructure stock slipped 2.1% after third-quarter earnings missed analyst expectations. Kinder Morgan posted adjusted earnings per share of 25 cents on $3.70 billion in revenue. Analysts polled by LSEG had forecasted 27 cents a share and $3.98 billion, respectively. — CNBC’s Alex Harring and Michelle Fox Theobald contributed reporting.
In this photo illustration, the Robinhood Markets, Inc. logo is displayed on a smartphone screen.
Rafael Henrique | Sopa Images | Lightrocket | Getty Images
Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth.
On Wednesday, the firm introduced Robinhood Legend, a desktop-based platform for active traders. The offering includes advanced charting tools for users who want to do detailed analysis of stocks.
“In looking at the landscape of trading tools and by talking with active traders, we realized there is frustration with legacy offerings,” Steve Quirk, chief brokerage officer at Robinhood, said in a press release.
“Specifically, moving back and forth between apps or charting platforms can be cumbersome and time consuming. So we set out to reimagine what a modern, intuitively designed active trading platform should look like, and built Robinhood Legend from the ground up so traders can do what they need in one place,” Quirk said.
Beyond the launch of Legend, Robinhood also said it will soon add futures trading and index options to its mobile platform. Customers must be granted approval to trade futures contracts, according to the press release, and futures and index options will eventually be added to Legend as well.
The new additions for Robinhood are another example of the firm looking to expand beyond its roots as a convenient platform for small-dollar traders. The firm’s rise coincided with the “meme stock” phenomenon in early 2021 as retail trading boomed in the aftermath of the Covid-19 pandemic.
Robinhood shares, all-time
Since then, Robinhood has been steadily adding new offerings, including a credit card for Robinhood Gold subscribers and a digital wallet to hold cryptocurrencies.
Robinhood said that it had $139.7 billion in assets under custody at the end of the second quarter, along with 11.8 million monthly active users. For the comparable quarter in 2021, near the height of the GameStop mania, Robinhood reported $102 billion in assets but 21.3 million monthly active users. The firm’s next earnings report is scheduled for Oct. 30.
Shares of Robinhood are up more than 100% so far this year.
The announcements on Thursday were part of HOOD Summit, a conference for Robinhood’s customers.