Stock Groups

Disney, Uber, Coca-Cola and more

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At the Disneyland reopening in Anaheim (California), U.S.A on Friday April 30th 2021, a performer portraying Mickey Mouse entertains guests.

Getty Images| Bloomberg | Getty Images

These are the headline-grabbing companies in midday trading.

Coca-Cola – Shares of beverage giant rose 1% after it topped analysts’ expectations in its fourth-quarter results.Coca-Cola’s profit expectations were beaten by four cents per shares with adjusted quarterly earnings at 45 cents each share. Refinitiv also reported that revenue exceeded Wall Street projections.

Disney The media company’s shares rose almost 4% during midday trading after its announcement. stellar quarterly report.According to Refinitiv, the company earned per share 43 cents more than Wall Street expectations. Refinitiv also reported that the company exceeded revenue forecasts. The total number of Disney+ subscribers reached 129.8 millions, which is higher than expected at 125.75million.

Uber Even after the acquisition, shares of ride-hailing firm fell by 2.1% quarterly revenueIt beat analyst estimates, and stated that it was starting to rebound from the headwinds created by the omicron Coronavirus explosion. Uber said that it expected to have free cash flow before the end, at its investor day on Thursday.

Mattel — The toy and game maker’s shares rose 8% after the company reported fourth-quarter earnings and revenue that topped analysts’ forecasts. Mattel was aided by the growth of its Barbie brand. Mattel also released a positive outlook for 2022.

Sonos – The audio product maker saw its shares rally more than 10% after beating earnings on the top and bottom lines. Sonos reported that the demand for audio products is continuing to be strong, despite being affected by supply chain issues.

Twilio — The software maker’s shares soared 7.3% after the company reported a revenue beat and bold quarterly guidance. The company’s fourth-quarter revenues were almost 10% higher than expected by analysts. Segment and Zipwhip acquisitions also contributed to the company’s earnings.

PepsiCo – PepsiCo shares dipped 1.8% even after the food and beverage company beat analysts’ expectations in its fourth-quarter earnings. PepsiCo warned that inflation will continue to push up costs.

Royal Caribbean – Shares of Royal Caribbean rose 1.4% after Citigroup launched coverageThe firm favored the cruise company with the same name. Citi gave it a Buy rating.

International Flavors & Fragrances – The ingredient company’s shares jumped more than 6% in midday trading. This action follows the day following the Wall Street Journal reportedCarl Icahn, activist investor and shareholder in the company will be adding a director to its board.

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

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