See which companies made headlines in midday trading. CrowdStrike — Shares fell more than 11% after a cybersecurity company update caused a major IT outage that affected airlines, hospitals, financial services companies and other businesses. Microsoft shares fell about 1% after news that many Microsoft users around the world were hit with a bug called the “blue screen of death.” The outage also sent shares of CrowdStrike rivals SentinelOne and Palo Alto Networks soaring, with shares up about 8% and more than 2%, respectively. Plug Power — Shares of the green energy company fell about 14%, extending its fourth straight loss. Late Thursday, the company announced it plans to sell $200 million in shares, which are now trading at about $2.50 a share. Comerica — Shares fell about 10.5% after the bank released second-quarter financial results that reflected a decline in net interest income from the year-earlier quarter. Comerica’s net interest income came in at $533 million, higher than the $530.5 million analysts polled by FactSet had expected, but still lower than a year ago. Comerica Chief Executive Curtis Farmer said higher rates were putting pressure on bank deposits. Hawaiian Electric — The stock surged more than 37% after Bloomberg News reported late Thursday that the utility had joined a tentative deal to pay more than $4 billion to resolve hundreds of lawsuits over last year’s Maui wildfires. The deal has reportedly not been finalized. Intuitive Surgical — The stock jumped more than 9% after the company reported second-quarter results that beat Wall Street expectations. Intuitive Surgical posted adjusted earnings of $1.78 per share on revenue of $2.01 billion, above the $1.54 per share on $1.97 billion in revenue that analysts surveyed by LSEG expected. American Express — The stock fell about 3% after the financial company reported mixed second-quarter results. American Express reported revenue of $16.33 billion, below the $16.59 billion expected by analysts surveyed by LSEG. In terms of earnings, the company reported $3.49 per share on an adjusted basis for the period, above the $3.24 per share that analysts had expected. SLB — Shares rose about 2% after the oilfield services company reported second-quarter earnings of 85 cents per share on an adjusted basis, above the 83 cents per share analysts polled by LSEG had expected. SLB also reported revenue of $9.14 billion, above the consensus estimate of $9.08 billion. Travelers — The stock fell about 8% after the insurer’s mixed second-quarter results. Travelers reported adjusted earnings of $2.51 per share, beating the consensus estimate of $1.98 per share, according to analysts polled by LSEG. Revenue, however, came in lower at $11.12 billion, compared to analysts’ expectations of $11.34 billion for the quarter. Comparative insurer WR Berkley, which is scheduled to report results Monday, also fell more than 8%. Arm Holdings — The chipmaker gained more than 3% after Morgan Stanley raised its shares to overweight from equal weight. Morgan Stanley said Arm’s products are key to the successful emergence of artificial intelligence. Halliburton — Shares of the oil driller fell 5.6%. The company reported $5.83 billion in revenue, missing the $5.95 billion expected by analysts polled by FactSet. Earnings were in line with the consensus estimate of 80 cents a share. Huntington Bancshares — The regional bank added about 4%. Huntington reported second-quarter earnings of 30 cents a share on revenue of $1.82 billion, beating analysts’ estimates of 28 cents a share on earnings and revenue of $1.81 billion, per FactSet. — CNBC’s Hakyung Kim and Piya Singh contributed to the report.
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