Stocks with the biggest gains at noon: TSLA, IBM, WHR, MOH | Wilnesh News
Here’s a look at the companies making headlines in midday trading: Lilium — The German air taxi startup said in a regulatory filing that two of its main subsidiaries will file for bankruptcy and be unable to pay their debts. The German air taxi startup’s U.S.-listed shares fell more than 57% in the following days. Lilium is a penny stock, trading around 25 cents Thursday afternoon. Tesla — The electric car maker’s third-quarter profit beat estimates, sending the stock soaring more than 20%. Chief Executive Elon Musk predicts the company’s car sales will grow 20% to 30% by 2025. 14%. Newmont reported adjusted earnings of 81 cents per share on revenue of $4.61 billion, while analysts polled by FactSet expected earnings of 86 cents per share on revenue of $4.67 billion. QuantumScape — The battery maker’s shares rose 23% as the company’s third-quarter results were in line with expectations, according to FactSet. In the quarter, the company lost 23 cents per share. The company also said it has started small batch production of the first batch of B sample cells. Molina Healthcare — Shares of Molina Healthcare rose 21% after the managed care company reported better-than-expected results for its latest quarter. Molina Healthcare reported adjusted earnings of $6.01 per share, beating the LSEG consensus estimate of $5.81 per share. Revenue was $10.34 billion, beating expectations of $9.91 billion. Whirlpool — Shares of Whirlpool rose about 14% after its third-quarter results beat expectations. The appliance company reported adjusted earnings of $3.43 per share, above the $3.19 per share expected by analysts polled by LSEG. West Pharmaceutical Services — Shares of West Pharmaceutical Services surged 17% after reporting improved third-quarter results. The maker of injectable packaging components earned adjusted earnings of $1.85 per share in the latest quarter, better than analysts’ expectations of $1.50 per share, according to FactSet. Revenue was $746.9 million, above the consensus estimate of $709.6 million. CBRE Group — The commercial real estate company reported third-quarter adjusted earnings per share and revenue that beat expectations, sending its shares up 9% and hitting a 52-week high. CBRE also raised its full-year adjusted profit guidance to $4.95 to $5.05 per share from $4.70 to $4.90 per share. Analysts polled by FactSet expected full-year adjusted earnings of $4.82 per share. Raymond James Financial — Shares of Raymond James Financial rose 7% after the financial services company reported fiscal fourth-quarter adjusted earnings of $2.95 per share. Analysts polled by FactSet had expected just $2.41 per share. The company’s revenue of $3.46 billion also topped estimates of $3.32 billion. Teradyne — Shares of the automation company plunged 9% despite beating third-quarter non-GAAP earnings and revenue estimates. Teradyne also provided fourth-quarter guidance, which included FactSet’s earnings and revenue forecasts. Carrier Global — Shares fell 8%. The company reported adjusted earnings per share from continuing operations of 77 cents. Carrier listed its fire and safety unit as a discontinued business last quarter. As a result, the company’s third-quarter revenue and guidance are not comparable to Wall Street’s expectations. Northrop Grumman — Shares of Northrop Grumman rose 2% after the defense company reported better-than-expected earnings. Northrop Grumman reported third-quarter earnings of $7 per share, beating analysts’ average estimate of $6.07 per LSEG. On the other hand, revenue for the quarter was $10 billion, missing estimates of $10.18 billion. ServiceNow — Shares of the software company rose more than 5%. ServiceNow reported third-quarter adjusted earnings of $3.72 per share, beating Wall Street expectations of $3.46 per share, according to LSEG. ServiceNow’s revenue of $2.80 billion also beat analysts’ expectations of $2.74 billion. Mattel — The toy maker beat third-quarter earnings per share estimates, sending its shares up 4%. Mattel reported adjusted earnings of $1.14 per share, beating the consensus forecast of 95 cents among analysts polled by LSEG. However, the company reported revenue of $1.84 billion for the quarter, slightly below analysts’ expectations of $1.86 billion. Boeing – Shares of the plane maker fell about 2% after Boeing mechanics voted against a new labor contract, further extending a strike that has lasted more than five weeks. International Business Machines — The technology giant reported third-quarter revenue that fell short of analysts’ expectations, sending its shares down about 7%. IBM’s sales last quarter were $14.97 billion, compared with analysts’ expectations of $15.07 billion, according to FactSet. —CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim and Sarah Min contributed reporting.
