Stock Groups

Amazon, Verisign, Honeywell and more

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Take a look at the top mid-day traders.

Amazon — Shares of the e-commerce company slumped 13% after issuing weak revenue guidanceThe current quarter. Amazon shared a $7.6 billion loss on its investment in electric vehicle maker Rivian, which lost more than half of its value in the previous quarter.

Verisign — Shares of Verisign lost 13% after the Internet infrastructure company reported first quarter earnings of $1.43 per share, which was below analysts’ estimates of $1.50 per share, according to FactSet. Baird downgraded Verisign to neutral after the quarter’s results.

Honeywell — Honeywell’s stock price rallied 2.6% after the aerospace products company topped analysts’ expectations. On revenues of $8.38billion, Honeywell reported earnings of $1.91 a share. According to Refinitiv, analysts were expecting earnings of $1.86 per share for revenues of $8.29 trillion.

Mohawk Industries — The flooring company’s shares jumped more than 7% following Mohawk’s quarterly results. Mohawk posted $3.02 Billion in quarterly revenue, exceeding the estimates by FactSet.

AbbVie — Shares of the biopharmaceutical company plummeted more than 9% after AbbVie lowered its full year guidance. AbbVie posted earnings of $3.16 per sen, exceeding the FactSet consensus estimate of $3.14 per sen. The company’s revenue missed the FactSet consensus estimate of $13.66 Billion.

Charter Communications — The telecommunications company saw shares fall more than 8% after it reported adjusted EBITDA of $5.21 per share for the first quarter, which slightly missed estimates of $5.26 per share, according to FactSet. FactSet also reported that revenue of $13.20billion slightly exceeded estimates for $13.21billion.

Intel — Intel’s stock price tumbled 6.3% after the semiconductor company issued weaker-than-expected guidanceThe company’s fiscal second quarter. The company’s earnings exceeded expectations.

Colgate-Palmolive — Shares for Colgate-Palmolive dropped 5% even after the consumer products giant reported earnings. Refinitiv analysts expected the company to earn 74c per share. Refinitiv consensus estimates had $4.4 billion for revenues. Colgate-Palmolive stated that it anticipates a decrease in gross profit margins for the fiscal year 2022.

Roku — Roku’s stock gained more than 5% after the company beat revenue estimates. According to FactSet, the company’s revenue was $733.7 million instead of analysts’ estimates of $718.1 millions. Also, the revenue guidance issued by the manufacturer of digital media players was weak for quarter 2.

Tesla — Shares popped more than 2% even after CEO Elon Musk sold roughly $8.4 billion of Tesla’s stockAfter his unsuccessful bid to privatize Twitter.

 — CNBC’s Samantha Subin contributed reporting