Try the businesses making headlines in noon buying and selling Friday.
American Specific — Shares of the cost agency dipped 1.1% regardless of American Specific topping earnings expectations for the primary quarter. American Specific reported a revenue of $2.73 per share, versus the Refinitiv consensus estimate of $2.44 per share. Earnings obtained a lift from spending by millennials and Gen-X shoppers, the corporate stated.
Verizon Communications — Shares of Verizon fell 6.1% after the corporate reported a lack of 36,000 month-to-month cellphone subscribers in the course of the first quarter, in contrast with a FactSet estimate of a 49,300 loss. Verizon additionally posted earnings and income for the quarter that have been in keeping with Wall Road forecasts.
HCA Healthcare, Common Well being Providers, Intuitive Surgical — The health-care sector was beneath strain Friday, with HCA Healthcare as its best laggard after reporting disappointing full-year earnings and income steerage. HCA dropped 19%, Common Well being Providers tumbled 13%, and Intuitive Surgical declined about 13%.
SVB Monetary Group — Shares for the regional financial institution soared more than 11% after the corporate reported robust earnings. SVB Monetary Group earned an adjusted $6.22 per share, in contrast with a consensus estimate of $5.60 from FactSet. The corporate’s internet curiosity earnings additionally beat expectations.
Kimberly-Clark Company — Shares for the buyer merchandise firm spiked almost 9% after Kimberly-Clark exceeded earnings expectations. The agency earned $1.35 per share in its most up-to-date quarter, versus consensus estimates of $1.23 per share from Refinitiv. Kimberly-Clark additionally raised its full-year natural gross sales forecast.
Schlumberger — Shares jumped more than 3% after the oilfield companies producer beat earnings expectations. Schlumberger earned 34 cents per share, versus analyst expectations of 33 cents per share. Schlumberger additionally hiked its dividend by 40%.
Gap — Shares for the retailer fell about 20% after Gap introduced the chief govt officer of its Previous Navy enterprise, Nancy Inexperienced, is leaving the agency this week. Gap additionally lower its outlook for internet gross sales development this fiscal 12 months.
— CNBC’s Tanaya Macheel contributed reporting.
