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 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.
Check out the companies making headlines in extended trading. Discover Financial – Shares inched lower by 1%. The financial services company posted third quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion. CSX – The rail transportation company lost 4% after third quarter results fell short of Wall Street’s forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts polled by LSEG anticipated 48 cents per share in earnings and revenue of $3.67 billion. Overall volumes were up 3% from the year-ago period, but revenue per unit was down about 1%. Alcoa – Shares of the aluminum producer jumped nearly 9%. Alcoa posted third quarter adjusted earnings of 57 cents per share, topping analysts’ estimate for 28 cents a share, per LSEG. Revenue missed the mark, coming in at $2.90 billion versus the Street’s call for $2.97 billion. Lucid Group – The electric vehicle maker slid 10% after announcing a public offering of more than 262 million shares. Lucid also said that Ayar Third Investment Company, an affiliate of the Public Investment Fund, indicated it would buy more than 374 million shares. Kinder Morgan — Shares of the energy infrastructure company fell 2.7% on disappointing third-quarter results. Kinder Morgan reported adjusted earnings per share of 25 cents and revenue of $3.70 billion. Meanwhile, analysts had estimated 27 cents earnings per share on $3.98 billion in revenue. Management also announced it expects to fall below budget on adjusted earnings before interest, taxes, depreciation, and amortization and adjusted earnings per share by 2% and 4%, respectively. PPG Industries — Shares slipped less than 1% after the paints manufacturer missed on both top and bottom lines in the third quarter. PPG Industries posted adjusted earnings of $2.13 per share on $4.58 billion in revenue. Analysts surveyed by LSEG had forecasted $2.15 earnings per share and revenue of $4.65 billion. A challenging global industrial production backdrop pressured the company’s results. SL Green – The office building-focused company tumbled around 3% after posting a revenue miss in the third quarter. SL Green reported $139.6 million in quarterly revenue, based on a rental income basis, while analysts polled by LSEG had expected $142.5 million. Meanwhile, losses came in at 21 cents per share versus the Street’s forecast of a 50-cent per share loss. Equifax — The consumer credit reporting company dropped nearly 5% after issuing weak guidance. In the fourth quarter, Equifax anticipates adjusted earnings of $2.08 to $2.18 per share, while analysts polled by LSEG sought $2.20 per share. The revenue outlook for the quarter also fell short of expectations. Steel Dynamics — The steel producer added 3%. Third quarter earnings came in at $2.05 per share, beating the $1.97 per share anticipated by analysts, per LSEG. Revenue also trounced expectations, with Steel Dynamics reporting $4.34 billion, versus the $4.18 billion estimated by the Street. — CNBC’s Darla Mercado contributed reporting