Stock Groups

Exxon Mobil, AMC Entertainment, UPS and more


A medic in a mask walks alongside the AMC cinema theater in Times Square, amid the coronavirus epidemic that struck New York City’s May 7, 2020.

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These are the headline-grabbing companies in midday trading.

Exxon Mobil – Exxon shares advanced more than 5% after the company’s fourth-quarter profit topped analysts’ estimates. Refinitiv analysts expected the oil giant to earn $2.05 per share. This was more than what they were anticipating at $1.93. The revenue came in at $84.97 Billion, below the $91.85 Billion expected. It said that it paid $9 billion off its outstanding debt during the period. That brings the debt levels back to pre-pandemic levels.

UPS – Shares of the delivery company surged 13% following the company’s fourth-quarter results and upbeat guidance. Refinitiv analysts had expected $3.10 per share. The adjusted earnings of the company were $3.59 each. UPS reported a 49% increase in its dividend and revenue, both of which exceeded expectations.

AMC Entertainment – Shares of the movie theater chain surged more than 11% after the company announced fourth-quarter preliminary results that topped expectations. AMC stated that it had been able to close 2021 with the “strongest quarter in two years,” thanks to movies such as “Spider-Man: No Way Home.”
Sirius XM – Shares of the satellite radio and streaming audio service company jumped more than 3% after a better-than-expected earnings report. According to Refinitiv, Sirius beat expectations by one penny and earned 8 cents per share in quarterly earnings. Refinitiv also reported that the company generated more revenue than expected. Sirius also declared a special dividend at 25 cents per share.

Carnival Corp. — Shares of the major cruise operators rose in midday trading on Tuesday. Carnival Corp. grew by over 5% Royal Caribbean and Norwegian Cruise Line rose respectively 5.1% & 4.7%.

Pitney Bowes — Shares of the mailing company cratered 15% in midday trading after missing Wall Street’s estimates for its quarterly earnings. According to Refinitiv, Pitney Bowes’ EPS was 6 cents per shared, which is below analysts’ forecast of 11 cents.

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AT&T — Shares of AT&T fell more than 4% after the telecom company announcedIt will merge with Discovery to create WarnerMedia, a spin-off company. The merger is expected to be worth $43 billion. AT&T also said it will cut its dividend by nearly half. Discovery shares rose 1.7%.

UBS Group — Shares of UBS Group rallied about 8% in midday trading after the Zurich-based bank announced plans to increase its dividend as well its boost its share buyback program. UBS reported net profits of $1.35 Billion for its fourth quarter. This is a decrease from the $1.64 billion it earned last year.

Cirrus Logic — Shares of the semiconductor company fell 6% despite beating on the top and bottom lines of its quarterly results. Strong guidance was also provided by the company for fiscal fourth quarter revenue.

Stanley Black & Decker — Shares of the toolmaker dropped less than 1% after Stanley Black & Decker reported fourth-quarter revenue that was well below expectations. According to the company, supply chain problems have impacted sales volume.

— with reporting from CNBC’s Yun Li, Pippa Stevens, Jesse Pound and Hannah Miao.