AT&T, Dow, Fisker, Southwest Airways & extra
A traveler carrying a protecting masks speaks with an attendant on the Southwest Airways check-in space at Oakland Worldwide Airport in Oakland, California, U.S., on Tuesday, Jan. 19, 2021.
David Paul Morris | Bloomberg | Getty Photos
Take a look at the businesses making headlines in noon buying and selling.
AT&T — The telecom and media inventory jumped 4.6% after a stronger-than-expected first-quarter report. AT&T earned an adjusted 86 cents per share on $43.94 billion in income. Analysts surveyed by Refinitiv had been anticipating 78 cents per share and $42.69 billion in income. CEO John Stankey additionally expressed optimism about HBO Max, the corporate’s streaming service.
Fisker — The electrical automobile inventory stumbled for a 7% loss after Goldman Sachs downgraded Fisker to promote from impartial. The funding agency stated in a word to shoppers that it’s involved that the early stage firm will probably be dealing with heavy competitors as soon as it will get its autos to the market.
Dow — Shares of Dow fell greater than 4% even after the chemical substances firm beat on the highest and backside line of its quarterly outcomes. Dow reported earnings of $1.36 per share on income of $11.88 billion. Analysts anticipated earnings of $1.14 per share on income of $11.09 billion, in accordance with Refinitiv.
Danaher — The life sciences firm’ shares popped 4% after a better-than-expected quarterly report. Danaher reported earnings of $2.52 per share, properly above the $1.75 per share forecasted on Wall Avenue, in accordance with Refinitiv. The corporate reported income of $ 6.86 billion, greater than the anticipated $6.26 billion.
Biogen — Shares of the biotech fell 2% regardless of a stronger-than-expected quarterly report. Stifel analyst famous that the strong earnings had been overshadowed by the uncertainty surrounding its Alzheimer’s drug aducanumab.
Southwest Airways — Shares of Southwest Airways popped 1.4% in noon buying and selling after the airline stated that it is seeing improved leisure journey bookings into the summer season months. It advised buyers in its earnings outcomes that it expects to break even or “higher” by June. It additionally posted a smaller-than-expected earnings loss for the three months ended March 31.
Blackstone Group — The funding large gained 5% round noontime in New York after it swung to a report quarterly revenue as its bets on fast-growing firms paid off throughout the first quarter. The worth of Blackstone’s private-equity portfolio climbed 15.3%, properly forward of the S&P 500’s 5.8% acquire over the identical time. The agency is an funding in online-dating platform Bumble and family tree firm Ancestry.
Las Vegas Sands — The on line casino inventory dropped about 1.7% after a income miss. Las Vegas Sands reported $1.196 billion in gross sales for the primary quarter, versus income of $1.327 billion anticipated by analysts, in accordance with FactSet.
— CNBC’s Maggie Fitzgerald, Jesse Pound and Tom Franck contributed reporting.
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