Check out the companies making headlines in midday trading: Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecast 67 cents in earnings per share and $771.1 million in revenue. Hasbro added it is not changing its full-year guidance “given the uncertainty of the current tariff environment.” Fiserv — Shares of the software provider plunged 17% after Fiserv’s adjusted revenue missed expectations. Fiserv reported adjusted first-quarter revenue of $4.79 billion, while analysts polled by FactSet expected $4.84 billion. Comcast — The stock pulled back more than 4% after the cable giant saw a drop in customers for the first quarter , reporting a loss of 199,000 total domestic broadband customers and a loss of 427,000 cable TV customers. Freeport-McMoRan — Shares of the mining company increased 6.6% after Freeport posted a profit for the first quarter, slightly topping Wall Street’s expectations. The company said the Trump administration’s tariffs could increase the cost of materials needed for its U.S. mines by about 5%. Texas Instruments — The semiconductor manufacturer popped 7.1% on a better-than-expected first-quarter financial report and upbeat guidance for the current quarter. Texas Instruments earned $1.28 per share on revenue at $4.07 billion, while analysts polled by LSEG called for $1.07 in earnings per share and $3.91 billion in revenue. PepsiCo — Shares of the snack and beverage company dipped 4% after a first-quarter report reflected lower-than-expected earnings and a weaker outlook. PepsiCo reported $1.48 in adjusted earnings per share, coming out just under the $1.49 per share LSEG consensus. The company also lowered its full-year projection for adjusted earnings on a constant currency basis, citing the effect of tariffs as one negative factor. American Airlines — The travel stock rose 2.7% after first-quarter results showed a smaller-than-expected loss. American reported an adjusted loss of 59 cents per share. Analysts surveyed by LSEG were anticipating a loss of 65 cents per share. The airline did withdraw its full-year guidance, but the stock has already dropped more than 40% year to date. ServiceNow — The enterprise technology stock rallied 15.5% after ServiceNow posted stronger-than-anticipated earnings for the first quarter. The company’s adjusted earnings of $4.04 per share and $3.09 billion in revenue beat LSEG consensus forecasts of $3.83 in earnings per share and $3.08 billion in revenue. Lam Research — Shares of Lam Research, which makes components for semiconductor manufacturing, jumped 6.3% after earnings for the company’s third fiscal quarter topped Wall Street’s projections. Lam Research earned an adjusted $1.04 per share on $4.72 billion in revenue, surpassing estimates of $1.01 in earnings share and $4.65 billion in revenue from analysts, per LSEG. Utz Brands — The snack maker added 1.9% after receiving an upgrade from D.A. Davidson to buy from neutral. D.A. Davison said Utz Brands has grown its market share despite salty snacks facing volume pressure. Procter & Gamble — The stock fell 4.4% after the consumer goods company reported a third-quarter revenue loss and cut its full-year core earnings per share and revenue guidance. Procter & Gamble will likely raise prices due to tariffs, CEO Jon Moeller told CNBC. International Business Machines — Shares dropped 7% even after IBM topped first-quarter earnings and revenue expectations, and reaffirmed its full-year guidance. However, CEO Arvind Krishna warned macroeconomic uncertainty in the near term could cause clients to take a “wait-and-see approach.” — CNBC’s Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon and Sarah Min contributed reporting. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion. Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought $7.82 billion. For the fiscal first quarter, Take-Two projected bookings between $1.25 billion and $1.30 billion, versus estimates of $1.28 billion. Cava Group — Shares of the Mediterranean restaurant chain fell 4%. Cava’s full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at $152 million to $159 million, short of the FactSet consensus call for $159.7 million. Revenue in the first quarter surpassed estimates, coming in at $332 million, versus the $327 million consensus estimate, per LSEG. Doximity — The networking platform for health-care professionals saw its stock tank 25% on weak guidance. Doximity expects adjusted EBITDA to range between $71 million and $72 million, while StreetAccount consensus estimates sought $74 million. The company’s full-year outlook also missed expectations.
The Applied Materials logo on Dec. 17, 2024.
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Check out the companies making headlines in after-hours trading:
Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion.
Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought $7.82 billion. For the fiscal first quarter, Take-Two projected bookings between $1.25 billion and $1.30 billion, versus estimates of $1.28 billion.
Cava Group — Shares of the Mediterranean restaurant chain fell 4%. Cava’s full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at $152 million to $159 million, short of the FactSet consensus call for $159.7 million. Revenue in the first quarter surpassed estimates, coming in at $332 million, versus the $327 million consensus estimate, per LSEG.
Doximity — The networking platform for health-care professionals saw its stock tank 25% on weak guidance. Doximity expects adjusted EBITDA to range between $71 million and $72 million, while StreetAccount consensus estimates sought $74 million. The company’s full-year outlook also missed expectations.
Check out the companies making headlines in midday trading. Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 cents per share, after adjustments, beating an LSEG estimate of 58 per share. Dick’s Sporting Goods — The sporting goods retailer tumbled 14% on the announcement that it would buy rival Foot Locker for $2.4 billion , in a deal expected to close in the second half of this year. Shares of Foot Locker rallied 85% on the news. UnitedHealth — The health insurer plunged 15%, hitting an intraday low not seen in more than five years. The Wall Street Journal, citing people familiar with the matter, reported on Wednesday that the company is under Justice Department investigation for potential Medicare fraud. Fiserv — The financial technology stock fell 13% after management revealed its Clover business’ second-quarter growth would be similar to the pace in the first quarter. The comments were made during JPMorgan’s technology conference. Cisco — Shares popped nearly 6% following a better-than-expected earnings report for the network technology company’s fiscal third quarter. Cisco earned 96 cents per share, excluding items, on revenue of $14.15 billion, while analysts polled by LSEG penciled in 92 cents per share and $14.08 billion in revenue, respectively. Cisco also gave strong guidance and announced finance chief Scott Herren would retire in July. Coinbase — Shares fell more than 4% after the digital currency platform said hackers bribed staff to steal customer data for use in social engineering attacks. The hackers are now demanding $20 million in ransom. Alibaba — Shares of the Chinese e-commerce giant tumbled 7% after the firm missed fiscal fourth-quarter expectations . Alibaba’s net income rose 279% from a year ago, off a low base. Alibaba has been grappling with macroeconomic volatility that has dented consumer sentiment in China. Boot Barn — The Western retailer surged almost 17%, despite missing fiscal fourth-quarter estimates. The company said current-quarter same-store sales should rise more than predicted. Boot Barn plans to buy back as much as $200 million of its shares. CoreWeave — Shares of the artificial intelligence infrastructure company climbed 5% following its first earnings report as a public company. CoreWeave recorded $981.6 million in revenue, exceeding the $853 million figure anticipated by analysts surveyed by LSEG. DXC Technology — Shares of the IT services company declined almost 5% after the company issued weak guidance for the fiscal first quarter. DXC Technology expects adjusted earnings of 55 cents to 65 cents per share, while analysts polled by FactSet were expecting 79 cents per share. The company also provided a disappointing outlook for the full year. JetBlue — The airline’s stock slid about 4% on the back of Raymond James’ downgrade to market perform from outperform. Raymond James said JetBlue now has a more balanced risk-to-reward ratio. Aloca — The metal producer slipped 3% on the heels of UBS’ downgrade to neutral from buy. UBS said the company’s valuation isn’t attractive. Webtoon Entertainment — Shares of the storytelling technology platform jumped nearly 12% following Citi’s initiation at a buy rating. Citi said Webtoon, which beat analyst expectations when reporting first-quarter earnings earlier this week, is undervalued. — CNBC’s Sean Conlon, Pia Singh, Yun Li and Lisa Kailai Han contributed reporting
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus forecast of $165.84 billion. Dick’s Sporting Goods , Foot Locker – Shares of Dick’s Sporting Goods slid nearly 11% after the athletic apparel and goods company agreed to purchase smaller rival Foot Locker for $2.4 billion. Dick’s offered $24 per share of Foot Locker, which implies 86% upside to the stock’s price. Foot Locker shares popped roughly 83% on the news. UnitedHealth Group – The health insurer’s shares pulled back more than 6%. On Wednesday, The Wall Street Journal, citing people familiar with the matter, reported that UnitedHealth is being investigated by the Department of Justice for possible Medicare fraud . Cisco Systems – The networking technology stock rose more than 2% after its latest quarterly results topped Wall Street’s expectations. Cisco earned 96 cents per share, excluding items, on revenue of $14.15 billion versus the consensus estimate of 92 cents per share and $14.08 billion in revenue. Cisco also issued upbeat guidance for the full year and announced that its finance chief, Scott Herren, will be retiring in July. Alibaba – U.S.-listed shares of the Chinese e-commerce giant dropped nearly 4% after its results for the fiscal fourth quarter missed analyst estimates. Boot Barn – The Western retailer’s shares rallied 13% despite weaker-than-expected fiscal fourth-qurater earnings and a soft full-year revenue forecast. Boot Barn earned $1.22 per share on $454 million in revenue, while analysts forecasted profit of $1.24 per share and revenue of $458 million, per LSEG. Boot Barn said it would repurchase $200 million of its stock. CoreWeave – Shares of the artificial intelligence infrastructure company fell 4% after a widening loss in the first quarter . Revenue of $982 million was above the $853 million expected by analysts, according to LSEG. This was CoreWeave’s first report as a public company, and the stock is up more than 60% since its IPO. Apple – Shares of the iPhone maker shed about 1%. President Donald Trump said on Thursday that he told CEO Tim Cook that he doesn’t want the company to build its products in India . DXC Technology – The IT services stock plummeted more than 13% on the heels of disappointing guidance for the fiscal first quarter. The company said adjusted earnings are expected to come in between 55 cents and 65 cents per share. Analysts had penciled in 77 cents per share, LSEG said. DXC Technology’s full year guidance also missed expectations. — CNBC’s Alex Harring, Jesse Pound, Fred Imbert and Pia Singh contributed reporting.