Check out the companies making headlines in midday trading: Cardinal Health – The healthcare services provider rose 7.7%, hitting a new 52-week high, after Cardinal beat fiscal first-quarter earnings expectations and raised its revised earnings forecast for fiscal 2025. The company reported earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts surveyed by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion. Boeing — Shares rose 3.4% after the planemaker agreed to a new contract negotiated with a mechanics union in an attempt to end a seven-week strike, with a vote on the proposal scheduled for Monday. The contract would raise workers' wages by 38% over the next four years, compared to the previous offer of 35%. Intel – Shares rose 8.4% after the chipmaker beat third-quarter earnings estimates and shared upbeat quarterly guidance. The company reported adjusted earnings of 17 cents per share on revenue of $13.28 billion. Amazon – The e-commerce stock rose more than 6.4% after third-quarter results that beat analysts' expectations. The company's cloud segment, Amazon Web Services, grew 19% year over year during the quarter. Apple – Shares fell nearly 1.3% even after the iPhone maker beat its top and bottom line estimates for its fiscal fourth quarter. However, Apple's net income fell during the quarter, as the company paid a one-time charge related to a tax decision in Europe. Atlassian – The software company rose 18.9% after reporting better-than-expected quarterly results for its fiscal first quarter. Atlassian earned 77 cents per share, excluding items, on revenue of $1.19 billion, while analysts polled by FactSet expected 64 cents in earnings per share and $1.16 billion in revenue. Atlassian also raised its full-year revenue growth forecast. Trump Media & Technology Group – The stock fell 8.7%, extending heavy losses from the previous trading session as investors sold highly volatile stocks ahead of the upcoming presidential election. Shares of the company, majority owned by former President Donald Trump, also fell by more than 22% on Wednesday. Charter Communications — Shares rose 12.2% after Charter reported third-quarter EBITDA of $5.65 billion, beating estimates of $5.59 billion from analysts surveyed by FactSet. The telecom company's quarterly revenue was $13.80 billion, also higher than expectations of $13.66 billion. Abbott Laboratories – The health care stock rose 5.1% after a jury on Thursday found the company not liable in a lawsuit over its infant formula. Several similar cases are still pending against Abbott. Super Micro Computer – Shares of the AI server maker fell nearly 10%. Friday's losses brought the company's loss from a week ago to 41.5%. The sale was fueled by Ernst & Young's resignation as auditor over concerns about its accounting practices and the independence of its board of directors. Avis Budget – The car rental stock rose 10.10%, reversing course after seeing declines in extended trading. Avis reported earnings of $6.65 per share on revenue of $3.48 billion, missing consensus estimates of $8.18 per share and $3.53 billion in revenue from analysts surveyed by LSEG. Chevron – Shares rose 3% on the heels of the oil giant's better-than-expected third-quarter results. Chevron also returned a record more than $7 billion to shareholders in the quarter through buybacks and dividends. — CNBC's Alex Haring, Brian Evans, Michelle Fox Theobald, Sean Conlon and Samantha Sobin contributed reporting.
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