A contractor running for Amazon.com cleans a supply truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020.
David Paul Morris | Bloomberg | Getty Photographs
Take a look at the firms making headlines in noon buying and selling.
Amazon — Stocks of the e-commerce corporate slumped 13% after issuing susceptible earnings steerage for the present quarter. Amazon additionally shared a $7.6 billion loss on its funding in electrical automobile maker Rivian, which misplaced greater than part of its price within the earlier quarter.
Verisign — Stocks of Verisign misplaced 13% after the Web infrastructure corporate reported first quarter income of $1.43 in step with percentage, which used to be underneath analysts’ estimates of $1.50 in step with percentage, in line with FactSet. Following the consequences, Baird downgraded the inventory to impartial from outperform.
Honeywell — Honeywell’s inventory value rallied 2.6% after the aerospace merchandise corporate crowned analysts’ expectancies. The corporate posted income of $1.91 in step with percentage on revenues of $8.38 billion. Compared, analysts anticipated income of $1.86 income in step with percentage on revenues of $8.29 billion, in line with Refinitiv.
Mohawk Industries — The ground corporate’s stocks jumped greater than 7% following Mohawk’s quarterly effects. Mohawk crowned earnings estimates of $2.85 billion, in line with FactSet, posting $3.02 billion for the quarter.
AbbVie — Stocks of the biopharmaceutical corporate plummeted greater than 9% after AbbVie reduced its complete 12 months steerage. AbbVie reported income of $3.16 in step with percentage, surpassing FactSet consensus estimates of $3.14 income in step with percentage. Alternatively, the corporate reported a large earnings omit with revenues of $13.54 billion, in comparison to consensus estimates of $13.66 billion from FactSet.
Constitution Communications — The telecommunications corporate noticed stocks fall greater than 8% after it reported adjusted EBITDA of $5.21 in step with percentage for the primary quarter, which reasonably overlooked estimates of $5.26 in step with percentage, in line with FactSet. Income of $13.20 billion additionally reasonably overlooked estimates of $13.21 billion, in line with FactSet.
Intel — Intel’s inventory value tumbled 6.3% after the semiconductor corporate issued weaker-than-expected steerage for its fiscal 2nd quarter. The corporate reported income that in a different way surpassed expectancies.
Colgate-Palmolive — Stocks for Colgate-Palmolive dropped 5% even after the shopper merchandise massive reported income. The corporate earned 74 cents in step with percentage, the similar as expectancies from analysts polled through Refinitiv. Revenues got here in at $4.4 billion, consistent with consensus expectancies from Refinitiv. Colgate-Palmolive additionally stated it expects a decline in gross benefit margin for the 2022 fiscal 12 months.
Roku — Roku’s inventory won greater than 5% after the corporate beat earnings estimates. The corporate posted earnings of $733.7 million, in comparison to analysts’ expectancies of $718.1 million, in line with FactSet. The virtual media participant producer additionally issued susceptible earnings steerage for the second one quarter.
Tesla — Stocks popped greater than 2% even after CEO Elon Musk offered more or less $8.4 billion of Tesla’s inventory following his bid to take Twitter personal.
— CNBC’s Samantha Subin contributed reporting
