Check out the companies making headlines in midday trading. Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor – The automaker advanced 3.2% on better-than-expected first-quarter results, reversing an earlier decline. Ford reported adjusted earnings of 14 cents per share on $37.42 billion in revenue. Analysts surveyed by LSEG expected earnings of 2 cents per share and revenue of $36.21 billion. To be sure, management suspended its 2025 guidance , citing “near-term risks, especially the potential for industrywide supply chain disruption impacting production.” Upwork – Shares of the freelance marketplace platform popped 19% after the company reported a beat for both adjusted earnings and revenue for its first quarter. Upwork also lifted its full-year guidance for adjusted earnings. Tesla — The electric vehicle stock slipped 2% after data released on Tuesday showed that new car sales tumbled to a two-year low in the UK and Germany. Sales figures respectively plummeted 62% and 46% year over year for the two countries, although demand for electric vehicles still rose for both. Hims & Hers Health – Shares jumped 10.4% after the telehealth company reported a top- and bottom-line beat for the first quarter. Earnings came in at 20 cents per share, topping a consensus forecast for 12 cents per share, per LSEG. Revenue of $586 million also beat expectations for $538 million. To be sure, Hims guided for lighter-than-expected revenue in its second quarter. The telehealth provider forecast revenue to come in between $530 million to $550 million, missing the $564.6 million that analysts polled by FactSet had penciled in. DoorDash – Shares tumbled 6.8% after the food-delivery company’s first-quarter revenue of $3.03 billion came below the LSEG consensus of $3.09 billion. DoorDash also announced a $1.2 billion acquisition of restaurant booking platform SevenRooms, which comes after British food delivery service Deliveroo also agreed to a takeover offer from DoorDash. Neurocrine Biosciences – The biopharmaceutical stock soared more than 9% after the company reported better-than-expected first-quarter revenue. Sales of Ingrezza, which is used to treat movement disorders, also rose 8% year over year to $545 million. Vertex Pharmaceuticals – The biotech stock plunged 13.2% on the back of weaker-than-expected quarterly results. Adjusted earnings of $4.06 per share came below the $4.32 per share LSEG estimate. Revenue came in at $2.77 billion, missing a forecast of $2.85 billion. Clorox — Shares of the cleaning products manufacturer shed 2.2% on weak fiscal third-quarter results. Clorox reported adjusted earnings of $1.45 per share on revenue of $1.67 billion during the period. Analysts polled by LSEG expected earnings of $1.57 per share on $1.73 billion in revenue. Lattice Semiconductor — The chip stock fell 12.3% after first-quarter earnings and revenue both were in line with consensus estimates. Lattice issued current-quarter forward revenue guidance between $118.5 million and $128.5 million, while analysts polled by LSEG expected $123.6 million. Adjusted earnings are estimated to range between 22 cents and 26 cents per share, versus the 24 cents per share analysts forecasted. Marriott International — The hotel and resorts company added more than 2% after posting a top- and bottom-line beat in the first quarter. Marriott reported adjusted earnings of $2.32 per share on $6.26 billion in revenue. Analysts surveyed by LSEG estimated earnings of $2.25 per share on revenues of $6.17 billion. Constellation Energy — The oil stock rallied 11.4% on better-than-expected top-line results for the first quarter. Constellation reported $6.79 billion in revenue, above the $5.44 billion expected by analysts surveyed by FactSet. — CNBC’s Lisa Kailai Han, Michelle Fox, Alex Harring, Sean Conlon contributed reporting
#Stocks #making #biggest #moves #midday #Palantir #Tesla #DoorDash #Ford
regwall-pro,Lattice Semiconductor Corp,Clorox Co,Neurocrine Biosciences Inc,Upwork Inc,Tesla Inc,Marriott International Inc,Constellation Energy Corp,DoorDash Inc,Dividends,Palantir Technologies Inc,Market Insider,Markets,Economy,Stock markets,Breaking News: Markets,Business,business news
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
