Apple, Amazon, Intel and more

Apple, Amazon, Intel and more

Apple, Amazon, Intel and more

Customers shop at an Apple Fifth Avenue store for the launch of the Apple iPhone 14 in New York City, September 16, 2022.

Andrew Kelly | Reuters

Check out which companies are making the headlines in midday trading.

apple Apple shares jumped 7.6% after the tech giant beat its highest and lowest estimates when it announced its fourth-quarter earnings results.

Intel Corporation – Chip stock then showed up by 10.7% That beat analysts’ estimates for the last quarter He outlined a plan to cut costs by $10 billion over the next three years.

Amazon Amazon shares fell 6.8% on Friday after the retailer on Thursday reported quarterly returns Did not live up to Wall Street expectations. The company also expected holiday sales to be weaker than analysts had expected.

T-Mobile T-Mobile stock jumped 7.4% after the carrier reported the biggest jump in subscriber numbers since 2020, when it merged with Sprint.

DexCom Shares of DexCom, a medical supplies company that makes diabetes management systems, jumped 19.4% after it reported quarterly results that beat analysts’ expectations.

Gilead Sciences – Shares of the drugmaker rose 12.9% after better-than-expected earnings and revenue report results for the fourth quarter, according to StreetAccount. Gilead also released upbeat earnings and overall product sales guidance. the truth inventory upgrade Friday to buy.

Davita Company — DaVita, a healthcare company focused on kidney care and dialysis, fell 27% Friday after reporting quarterly results that fell short of expectations due to the impact of Covid-19 and a labor shortage. The medical company also cut its forecast for 2022.

Etsy Shares of online retailer Etsy fell 2.9% on Friday, after Amazon shares plunged after the e-commerce giant’s failure.

Pinterest Pinterest rose 13.8% after the social media company beat earnings expectations and reported more monthly users than analysts expected.

Edwards Live Science – Shares of the medical technology company fell 17.9% on Friday after reporting quarterly earnings that did not live up to Wall Street expectations due to a shortage of hospital staff and a strong US dollar. The company also cut short its guidance for this year.

Verisign — Shares of the Internet company jumped 9.5 percent Friday after its quarterly results beat analysts’ expectations, including a rise in revenue for the year.

charter Communications– Shares of the cable company rose 3.6% after broadband subscriber growth during the third quarter. Net income per share increased year-over-year. However, the company’s revenue fell short of expectations, and a key profitability metric missed estimates, according to StreetAccount.

Chinese stocks – Chinese stocks on Friday with the Hang Seng Index selling after President Xi Jinping was granted a third term as the country’s leader. Shed 4.2%. Baidu Slither 2.9% while Ali Baba It decreased by 3.2%. Bindudu It decreased by 0.3%.

McDonald’s Shares of the fast food giant saw a 3.6% rise after Morgan Stanley stock Repeat her overweight classification on them. The company called McDonald’s must own “in these times” after Thursday’s earnings report It showed growing traffic to its restaurants in the United States.

Deckers Footwear and apparel maker down 4%, despite strong quarterly earnings announcements that pushed UBS to it Repeat rating purchased on stock. Dickers also reaffirmed its conservative full-year financial outlook.

semol – Shares fell 5.8% after Citi cut Resmed’s stock rating to neutral from buy, according to StreetAccount. The medical equipment company reported quarterly results Thursday, with revenue that slightly beat expectations, according to consensus estimates on StreetAccount.

LyondellBasell Industries — The stock fell 5.5% after LyondellBasell Industries lost profit and sales forecasts in its latest quarterly report, according to consensus estimates on StreetAccount. CEO Peter Fanker said in a statement that rising inflation and energy costs, combined with weak seasonal demand, will lead to more Difficult conditions in the fourth quarter.

Bio-Rad Laboratories – Shares of Bio-Rad Laboratories fell 7.98% after the life sciences company reported disappointing quarterly results.

main financial group – Shares of Principal Financial Group gained 7.5% after the company beat estimates for its quarterly results, which were announced Thursday. The company also announced the distribution of its dividend.

Bloomin Brands Outback Steakhouse’s parent company saw stock prices rise 4% after beating expectations in its most recent quarterly report.

CNBC’s Samantha Soobin, Sarah Main, Tanya Machel, and Jesse Pound contributed to the report.

#Apple #Amazon #Intel

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