Check out the companies making headlines before the bell: DuPont — Shares popped 5% on the back of better-than-expected results in the second quarter. The chemical maker earned 97 cents per share, excluding certain items, on revenue of $3.17 billion. Analysts expected a profit of 85 cents per share on revenue of $3.05 billion, according to LSEG. DuPont also raised its full-year earnings and revenue guidance. Intel — Shares rose more than 2% after a Bloomberg article reported that the semiconductor manufacturer is planning to announce thousands of job cuts as early as this week. Microsoft — Microsoft slipped 3% after the Xbox maker reported disappointing cloud computing results . The company posted stronger-than-expected earnings and revenue, but revenue for Azure and other cloud services grew 29%, falling short of a 31% estimate. Advanced Micro Devices — Shares popped nearly 9% after the chipmaker’s earnings and revenue beat analysts’ estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Revenue was $5.84 billion, topping the $5.72 billion consensus estimate. Shares of Nvidia and ASML Holding also jumped about 7% each on the back of AMD’s report. Arista Networks — The computer networking company advanced 5% after beating Wall Street expectations on both its top and bottom lines. Arista reported second-quarter adjusted earnings of $2.10 per share on revenue of $1.69 billion, exceeding the $1.95 per share on $1.65 billion in revenue that analysts polled by LSEG were expecting. Pinterest — The social media stock slumped 11% after forward guidance trailed estimates. The company provided third-quarter revenue guidance of between $885 million to $900 million, below the $908.6 million consensus estimate analysts polled by FactSet were expecting. Second-quarter earnings and revenue topped expectations, however, according to LSEG. Starbucks — The coffee chain rose 4% after maintaining its full-year outlook. Net sales dropped in the fiscal third quarter, however, totaling $9.11 billion, below analysts’ estimate of $9.24 billion, according to those surveyed by LSEG. Starbucks reported adjusted earnings of 93 cents per share, matching the Street consensus. Skyworks Solutions — The semiconductor stock dipped 1% after fiscal third-quarter adjusted earnings of $1.21 per share failed to top expectations. Revenue of $906 million, however, exceeded the FactSet consensus of $900.4 million. Upstart — The lending platform advanced 6% following a double upgrade to outperform from underperform at Mizuho. Analyst Dan Dolev believes the stock could rally 19% from Tuesday’s close, citing an improving risk profile among borrowers and lower interest rates as forthcoming catalysts. Boeing — Shares rose 2% after the maker of the 737 Max announced a new CEO . Boeing said former Collins Aerospace CEO Kelly Ortberg will replace Dave Calhoun. In the second quarter, however, Boeing lost $2.90 per share , wider than the loss of $1.97 per share expected by the analyst consensus, according to LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. Earnings per share of $1.03 fell short of the $1.07 estimated by analysts polled by LSEG. AutoNation — The car dealership was little changed after reporting second-quarter revenue of $6.48 billion, lower than the $6.72 billion that analysts polled by LSEG expected, while its earnings were likely not comparable due to a recent cyber incident in its dealer management system. Humana — The health insurer dropped more than 7% as lackluster earnings guidance overshadowed better-than-expected second-quarter results. Humana reiterated its full-year bottom-line forecast of about $16 per share. Analysts polled by StreetAccount, however, had penciled in $16.34 per share. Second-quarter earnings of $6.96 per share, excluding items, and revenue of $29.38 billion topped analysts’ expectations. Kraft Heinz — Shares of the ketchup and mac and cheese maker gained less than 1% after reporting second-quarter earnings topped Street estimates. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet. Marriott’s adjusted earnings of $2.50 per share topped the $2.47 analysts had forecast. T-Mobile — Shares advanced 3.2% before the opening bell after the mobile network operator surpassed estimates on the top and bottom lines in the second quarter. T-Mobile notched earnings of $2.49 per share on revenue of $19.77 billion, while analysts polled by LSEG forecast $2.28 in earnings per share and $19.55 billion in revenue. The company also raised its full-year customer addition forecast. Match Group — The owner of the Tinder dating app surged 9% after posting $864 million in second-quarter revenue postmarket Tuesday, above analysts’ estimate of $856.5 million, according to FactSet. Match said it plans to abandon live-streaming services in its dating apps and sunset Hyperconnect’s Hakuna app. Vistra — Vistra shares popped 13% after the Texas-based power company received a 20-year license extension from the Nuclear Regulatory Commission to operate its Comanche Peak Nuclear Power Plant. The extension allows Vistra to operate the plant through 2053. Constellation Energy — Shares rose nearly 12% after the mid-Atlantic grid operator PJM cleared 17.6 gigawatts of power capacity from Constellation in 2025 to 2026. Constellation operates the largest nuclear fleet in the U.S., and its stock is up 44% this year on rising power demand from artificial intelligence providers and data centers. Bunge — Shares slipped 6.5% after the food company’s net income plunged 88% to $70 million in the second quarter, compared to $622 million in the same period a year ago. CEO Greg Heckman said “current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year.” — CNBC’s Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound and Samantha Subin 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.