Stock Groups

Twitter, Robinhood, GM, Microsoft and more

[ad_1]

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.

Joe Raedle | Getty Images

These are the headline-grabbing companies in midday trading.

Coca-Cola — Shares of Coca-Cola gained 1.8% after the beverage giant’s quarterly resultsTop and bottom results were both better. Coca-Cola’s adjusted earnings were 65 cents per share. This is 7 cents more than the Refinitiv consensus estimate. It also increased its full-year outlook.

McDonald’s — McDonald’s shares ran up 2According to.7% after the fast-food chain beat earnings estimates. According to analysts, the company earned $2.76 per diluted share in adjusted quarterly earnings. This compares with $2.46 per share. Company revenue grew due to higher prices and the introduction of new menu items.

Boeing — Shares of Boeing dipped 1This is.1% after a wider-than-expected quarterly loss. An adjusted quarterly loss of 60 cents per stock was reported by the aircraft manufacturer, as opposed to 20 cents expected. The revenue forecast was also not met.

General Motors — GM shares fell 4.3% despite an earnings beat.Wall Street was expecting earnings of 96c per share for revenue of $26.51 trillion, but the automaker earned $1.52 per share.

Harley-Davidson — Shares of the motorcycle manufacturer jumped more than 8% after it reported its quarterly results. FactSet reports that the adjusted diluted earnings per shares reported by the company were $1.18, as compared with analysts’ expectations of 77 cents. Harley also beat revenue projections.

Spotify — Spotify shares rose 6.4% after the audio streaming service posted a wider-than-expected quarterly loss, but revenue and user growth topped estimates. According to the company, its podcast section boosted revenues.

Microsoft — Shares of the tech giant popped 4The following is the.6% following a stronger-than-expected quarterly report. Microsoft reported adjusted earnings of $2.27 per share for its fiscal first quarter, exceeding analysts’ estimates of $2.07 per share, according to Refinitiv. Refinitiv reported that total revenue rose by almost 22% over the previous year. This is the highest growth rate since 2018.

Alphabet — Shares of Alphabet gained 6The following is the.2% after the Google-parent company beat on earnings. Alphabet posted earnings of $27.99 per Share, which was $23.48 less than what Refinitiv expected. According to management, privacy features by Apple had only a modest impact on YouTube revenue.

Twitter — Shares of Twitter fell more than 9% despite the company’s third-quarter reportAnalysts were pleased with the results. revenue and user growth. Twitter claimed that Apple’s privacy updates had less impact than they expected. But, it said that costs such as those related to head count growth or investing in them, would continue into 2022.

Robinhood — Shares of the brokerage slipped more than 10% after Robinhood reported a top and bottom line miss for its third-quarter earningsThe outlook for this quarter was bleak, according to Robinhood. The slowdown in cryptocurrency trading dragged down revenue and Robinhood said that trading headwinds will continue into the year. Stocks are now trading at $38/share below their IPO price.

Visa — The payments giant saw shares fall 5.3% after it issued a conservative revenue outlook during as part of its quarterly earnings report. By 8 cents, Visa earned $1.62 per share. This beat the expectations. The increase in travel and online spending helped Visa surpass revenue expectations.

Enphase Energy — Shares of the solar company surged 27.9% after Enphase reported record revenueDuring the third quarter. 351.5 million in sales were posted by the microinverter producer, an 11% increase quarter over quarter. Enphase issued positive guidance for the current quarter.

Six Flags — Shares of Six Flags dropped 10.6% after the company’s quarterly results bested expectations. Six Flags posted earnings of $1.80 per Share on $638 Million in revenue, while Refinitiv analysts expected earnings to be $1.55 on $587M revenue.

F5 Networks — F5 Networks shares added 7.4% after a solid earnings report. Adjusted earnings were $3.01 per share for revenue $682 million. StreetAccount polled analysts and predicted earnings of $2.75 based on $672million in revenue.

Fiserv — Fiserv shares sank 11% after the company beat earnings-per-share expectations by just 2 cents and revenue came in as expected, according to StreetAccount.

— CNBC’s Tanaya Macheel, Yun Li, Maggie Fitzgerald, Pippa Stevens contributed reporting

[ad_2]