Check out the companies making headlines in midday trading: Tapestry, Capri — Tapestry shares are up 13.5%, while Capri shares are down 48.9%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri. L3Harris Technologies – Shares rose 3.5% after the defense company reported top- and bottom-line wins in the third quarter. L3Harris also raised the bottom end of its full-year earnings forecast, saying it now expects adjusted earnings of $12.95 to $13.15 per share, compared to the previous forecast of $12.85 to $13.15 per share. Analysts surveyed by FactSet were estimating $13.04 in full-year earnings per share. Colgate-Palmolive – The household goods producer fell more than 4% despite beating consensus estimates in the third quarter. Colgate reported adjusted earnings of 91 cents per share on revenue of $5.03 billion, while analysts expected 89 cents in earnings per share and $5 billion in revenue, per LSEG. Western Digital – Shares of the data storage company rose 4.7% after reporting higher earnings in its fiscal first quarter. Western Digital reported adjusted earnings of $1.78 per share, versus consensus expectations of $1.72 per share, according to LSEG. Meanwhile, revenue of $4.1 billion fell slightly below analyst estimates of $4.12 billion. Digital Realty Trust – The real estate investment trust jumped 9.6% after reporting record rental bookings for the third quarter. The company also narrowed its guidance for core funds from operations in the full year, calling for $6.65 to $6.75 per share. Analysts polled by FactSet had expected $6.69 per share. Coursera – Shares of the online course provider fell 9.7%. The company called for fourth-quarter revenue of $174 million to $178 million, versus $174 million expected by The Street, according to LSEG. Management cited weak demand and retention trends. Meanwhile, third-quarter results beat expectations on both the top and bottom lines. ResMed – The medical equipment manufacturer added more than 7% after beating analysts' estimates in its fiscal first quarter. ResMed reported adjusted earnings of $2.20 per share on revenue of $1.22 billion. Analysts surveyed by FactSet had called for earnings of $2.05 per share and revenue of $1.19 billion. HCA Healthcare – Shares of the hospital operator fell more than 8%. HCA Healthcare reported revenue of $17.49 billion versus analyst estimates of $17.54 billion, according to FactSet. Adjusted EBITDA of $3.27 billion was slightly below consensus calls of $3.28 billion. Booz Allen Hamilton – Shares of the defense contractor rose 9.2% after the company raised full-year earnings and revenue growth guidance. In its fiscal second quarter, Booz Allen Hamilton reported adjusted earnings of $1.81 per share on revenue of $3.15 billion. Analysts surveyed by FactSet estimated earnings of $1.47 per share on revenue of $2.97 billion. — CNBC's Alex Haring, Lisa Kailay Hahn and Sean Conlon contributed reporting.
Trending
- Jeff Bezos killed The Washington Post's endorsement of Kamala Harris
- TPR, CPRI, LHX and more
- Tesla shares rose to their highest level in more than a year after third-quarter earnings
- German Finance Minister warns of retaliation if the United States starts a trade war
- The housing shortage is the “biggest difference” in the housing market
- McDonald's E. coli outbreak: CDC updates case count
- The Russian Central Bank raises the key interest rate to 21% to rein in higher-than-expected inflation
- Why is the Japanese yen hovering near three-month lows against the dollar?
TPR, CPRI, LHX and more
