May 28, 2021, logo outside Google Store Chelsea in New York.
Victor J. Blue | Bloomberg | Getty Images
Check out the companies that make headlines for noon trading.
alphabet — Google’s parent company stock surged more than 3% behind the company Stellar Quarterly Revenue.. According to Refinitiv, Alphabet saw a 69% increase in advertising revenue in the second quarter and EPS of $ 27.26, crushing expectations of $ 19.34 per share. YouTube revenue exceeded $ 7 billion, up 83% from last year.
Starbucks — Despite the company’s report, stock prices fell about 2.4% Accounting third quarter Sales and profits exceed Wall Street estimates. The coffee chain recorded revenue of $ 1.01 and $ 7.5 billion per share as same-store sales recovered both in the United States and abroad. Starbucks has also raised its forecast for earnings per share for 2021.
Microsoft — Stock prices fell about 0.5%, even though they were above both the top and bottom lines. Quarterly financial report.. According to Refinitiv, tech companies made $ 2.17 per share and analysts wanted to make $ 1.92 per share. The company’s quarterly sales were $ 46.15 billion, well above Wall Street’s estimate. However, Microsoft’s revenue from Windows-licensed device makers fell by 3% this quarter.
McDonald’s — Despite reporting better-than-expected results in the second quarter report, restaurant chain share fell 1.8%. McDonald’s generated $ 5.89 billion in revenue and adjusted earnings per share of $ 2.37, compared to its forecasts of $ 21.1 and $ 5.6 billion, respectively, according to Refinitiv. Stock prices had risen for the sixth straight day prior to the report.
Boeing — Aircraft manufacturers Surprising quarterly profit Analysts expected a loss of 83 cents per share, which was 40 cents per share. Revenues also exceeded estimates due to increased jet deliveries as aircraft demand recovered from the pandemic slump.
Pfizer —Pharmaceutical stocks have increased by more than 2% after the company reported $ 1.07 per share and $ 18.9 billion in revenue, above analysts’ estimates for the second quarter. We also raised our full-year forecast, expecting continued strong sales of the Covid-19 vaccine.
Spotify — Shares fell about 7% after Spotify reported a loss of 19 cents per share in the second quarter. This is 18 cents higher than the loss predicted by Wall Street analysts. The music streaming service also reported that monthly active users fell below previous guidance.
Generac – Backup generator stocks fell more than 5% following the company’s second quarter results. Generac surpassed top-line and bottom-line estimates during the period, recording record sales of $ 920 million, but said higher input costs due to higher commodity and logistics prices. Says.
Mondelez International — Global snack makers have confirmed that stock prices have fallen by more than 2% after announcing their latest quarterly financial results. Mondelez posted a profit per share of 66 cents, exceeding Refinitiv’s forecast of 65 cents per share. Mondelez, which owns brands such as Oreo and Ritz, generated $ 6.6 billion in revenue over the three months to June 30.
Advanced Micro Devices — AMD’s share price rose about 5% after the company reported revenue of 63 cents per share. This is 9 cents higher than the analysts polled by Refinitiv. AMD also exceeded its $ 3.62 billion forecast and generated $ 3.85 billion in revenue. Chipmakers have issued strong third-quarter earnings guidance to boost their full-year earnings guidance.
Terra Dock Health — Telemedicine companies fell nearly 2% after Teladoc Reported wider losses than expected In the second quarter. The number of members also increased by only 1% year-on-year. Deutsche Bank downgraded its stake from buying in response to the report.
Activision Blizzard — Activision Blizzard shares are owned by video game company employees Set to perform a strike Demanding better working conditions, especially for women and other marginalized people. California has sued the company for rampant sexual harassment and discrimination.
— CNBC’s Tanaya Macchel, Pippa Stevens, Jesse Pound and Yun Li contributed to the report
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Stocks that move the most at noon: Alphabet, Starbucks, Boeing, etc.
Source link Stocks that move the most at noon: Alphabet, Starbucks, Boeing, etc.