See the companies making headlines in midday trading: Spotify Technology — Shares rose 12% after the music streaming company posted better-than-expected second-quarter earnings. Gross margin and operating income also beat expectations. Analysts said they remained cautiously optimistic despite weak monthly active user numbers, citing strong margin performance and the company’s focus on premium subscribers and packages. United Parcel Service — The package delivery company fell about 12%, hitting a 52-week low, after reporting declines on both the top and bottom lines in the second quarter. UPS reported $1.79 in earnings per share on $21.80 billion in revenue. Analysts polled by LSEG had estimated $1.99 in earnings per share and $22.18 billion in revenue. The stock was also headed for its worst day ever. MSCI — The stock rose 7.9% after the company reported second-quarter earnings that beat Wall Street estimates. MSCI reported earnings of $3.64 per share, excluding items, on revenue of $707.9 million. That was above the $3.55 per share on $696.4 million in revenue that analysts polled by FactSet expected. Pentair — The water treatment company rose 9%, putting the stock on track for a record close. Pentair beat expectations for the second quarter, reporting earnings of $1.22 per share, excluding items, compared with the FactSet consensus estimate of $1.14 per share. Revenue also beat estimates. Additionally, Pentair raised its full-year guidance. NXP Semiconductors — Shares fell more than 7% after the company missed earnings estimates for the second quarter. NXP Semiconductors posted adjusted earnings of $3.20 per share, which was below the LSEG consensus estimate of $3.21 per share. However, revenue of $3.13 billion was in line with estimates. Crown Holdings — Shares rose about 9% after the packaging company beat second-quarter earnings. Crown posted earnings of $1.81 per share, which beat the FactSet consensus estimate of $1.59 per share. While the company’s revenue of $3.04 billion missed the consensus estimate of $3.06 billion, Crown raised its full-year guidance, beating expectations. Danaher — Shares rose 5.3% after the company reported earnings of $1.72 per share, excluding items, on $5.74 billion in revenue. That was above the FactSet consensus estimate of $1.57 per share on revenue of $5.59 billion. CEO Rainer Blair said in a statement that the company is “particularly pleased with the sustained positive momentum in our bioprocessing business and the strong performance at Cepheid, which we believe has gained market share in molecular testing again this quarter.” Inter Parfums — Shares jumped about 9% after the fragrance maker reported record net sales for the second quarter. The company also reaffirmed its full-year earnings and revenue, noting that sell-through continues to grow more slowly than sell-through. Comcast — Shares fell more than 2% after the company reported mixed results. Despite posting adjusted earnings of $1.21 per share that beat LSEG’s consensus estimate of $1.12 per share, second-quarter revenue of $29.69 billion fell short of the $30.02 billion expected. Zions Bancorp — Shares rose more than 6% on second-quarter earnings that beat Wall Street expectations. The regional bank earned $1.28 a share, above the consensus estimate of $1.10 a share from analysts surveyed by LSEG. General Motors — Shares of the auto giant fell more than 6% after the company said it is again slowing its all-electric vehicle plans by delaying a second electric truck plant in the U.S. and the first electric vehicle from the Buick brand. The six-month delay in retooling its Michigan electric truck plant also means GM will miss a previous goal of having 1 million electric vehicle production capacity in North America by 2025. GE Aerospace — Shares rose more than 5% after the aerospace company’s second-quarter earnings beat expectations for the second quarter. The company reported adjusted earnings of $1.20 a share on $9.09 billion in revenue. Analysts were expecting earnings of 99 cents a share on $8.46 billion in revenue, according to LSEG estimates. Sherwin-Williams — Shares rose about 7% after the company reported better-than-expected second-quarter earnings. Sherwin-Williams reported earnings of $3.70 per share, excluding items, above the $3.49 per share analysts polled by FactSet expected. Revenue, however, missed expectations at $6.27 billion compared to the FactSet consensus estimate of $6.33 billion. The company also slightly raised its full-year earnings guidance and expects low-single-digit revenue growth for both the third quarter and the full year. Lockheed Martin — Shares rose more than 5% after the defense company beat earnings and revenue expectations. Lockheed Martin also raised its full-year earnings and revenue forecasts. — CNBC’s Alex Haring, Yun Lee and Hakyung Kim contributed to the report. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
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