Amazon, Verisign, Honeywell and more
Amazon.com contractors clean a delivery truck in Richmond on Tuesday, October 13, 2020.
David Paul Morris | Bloomberg | Getty Images
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.
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.
— CNBC’s Samantha Subin contributed reporting