February 21, 2024


At Chicago’s Midway International Airport in Chicago, Illinois, in April, the U.S. Federal Aviation Administration (FAA) said Southwest Airlines’ flights resumed after lifting a brief nationwide suspension due to internal technical problems. of planes idle on the tarmac on 18th of 2023.

Jim Von Ruska | Reuters

Check out the companies making headlines in midday trading.

Honeywell International — Shares rose 3.2% after Honeywell beat revenue and profit estimates in its latest quarter. The group reported adjusted earnings per share of $2.07 on revenue of $8.86 billion for the first quarter. Analysts polled by Refinitiv had forecast earnings of $1.93 a share on revenue of $8.52 billion.

Fidelity National Information Services — Shares of the financial products company rose 3.5% on better-than-expected first-quarter results. Fidelity National’s adjusted earnings per share were $1.29 on revenue of $3.51 billion. Analysts polled by StreetAccount expected a profit of $1.21 on revenue of $3.41 billion.

Southwest Airlines — Shares of the airline fell 3.4% after a larger-than-expected first-quarter loss. The airline struggled in the final days of December, canceling more than 16,000 flights at the end of the month. Southwest said the incident resulted in a $325 million loss in first-quarter revenue.

caterpillar – Shares of the construction equipment maker fell 2.4% after it released its quarterly earnings report. Caterpillar reported adjusted earnings per share of $4.91 last quarter, topping estimates of $3.78, according to the Refinitiv consensus. Revenue of $15.86 billion also topped estimates.

Robinson Global — Transportation companies rose 8.1 percent. CH Robinson reported poor earnings on Wednesday, with adjusted earnings of 98 cents and $4.61 billion per share, compared with expectations for 99 cents and $4.78 billion, according to data compiled by FactSet.

first republic bank – Shares of the regional bank rose 13.1 percent after falling nearly 30 percent on Wednesday. The slide comes as the bank pursues a potential rescue deal.

Tradoc Health — Shares of the telehealth company rose more than 6% after it reported revenue that topped estimates in its latest quarter. The company also raised the low end of revenue and adjusted EBITDA guidance. However, the company did report a larger-than-expected loss for the quarter.

Hasbro — Shares of the toy and entertainment group surged 12.7% after quarterly revenue topped Wall Street estimates. The result was helped by a 16% increase in revenue from its “Magic” tabletop and digital games. Jefferies reiterated its Buy rating on Hasbro on Thursday, citing big gains due to the game’s growth.

AbbVie — Shares fell 8% after reporting weak first-quarter earnings. The drugmaker reported adjusted earnings of $2.46 per share, compared with analysts’ expectations of $2.51, according to StreetAccount.

Comcast – The media group rose 3.5 percent after reporting better-than-expected first-quarter earnings. To be sure, the company reported a loss on its Peacock streaming service and a decline in residential broadband subscribers.

alignment technique — Align Technology fell 11.2 percent.The sell-off even happened at the maker of Invisalign first quarter earnings Revenue exceeded expectations. Stifel reiterated its buy rating on the Invisalign maker after the results, but noted that investors “wanted more out of quarterly results.” Shares of Align are up more than 48% this year.

Yuan – The social media company at the helm of Mark Zuckerberg rose nearly 15 percent. The Meta rebounded after reporting earnings that topped expectations a day earlier. The company also pointed to plans to further invest in artificial intelligence, with Zuckerberg emphasizing Meta’s commitment to future efficiencies. Analysts at some of Wall Street’s biggest firms raised their price targets on Meta stock based on the report.

eBay — Shares rose 3.9 percent after the e-commerce company beat estimates on first-quarter earnings and revenue. eBay reported earnings of $1.11 per share, beating StreetAccount’s consensus estimate of $1.07. The company’s revenue of $2.51 billion also topped estimates.

dominoes — The pizza chain fell 5.7% amid mixed quarterly results. The company earned $2.93 per share, beating StreetAccount’s forecast of $2.72 per share. However, revenue was roughly in line with $1.02 billion.

joint tenancy — Shares fell 5.7 percent after the company’s first-quarter earnings missed expectations. United Rentals also reiterated its full-year guidance.

Pentair – The water industry manufacturing company soared 7.6% after reporting first-quarter earnings and revenue that topped estimates. The company also raised its second-quarter and full-year guidance.

CB Richard Ellis — Shares of CB Richard Ellis surged 8.8% after the first-quarter earnings report boosted investor sentiment. The company reported earnings of 92 cents per share on revenue of $7.41 billion. Meanwhile, analysts had expected StreetAccount to report EPS of 86 cents on revenue of $7.09 billion.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

— CNBC’s Brian Evans, Yun Li, Alex Harring and contributing reporting