Rite Aid, Nike, Six Flags and more

Take a look at the businesses making headlines in noon buying and selling.

Rite Assist — Shares of Rite Assist dropped almost 14% in noon buying and selling after the pharmacy operator reported a quarterly loss, although a smaller-than-expected one, and lowered its full-year monetary steering citing seasonal markdowns amongst different points.

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Nike — Nike shares jumped more than 13% after the corporate simply topped earnings and income estimates for its most up-to-date quarter. The athletic attire and footwear maker’s outcomes gave a lift to different athleisure shares. Below Armour gained more than 6%, Skechers rose 5% and Lululemon added 3.8%.

FedEx — The supply big noticed shares rise more than 4% as buyers cheered one other spherical of  “aggressive” cost-cutting measures. The corporate additionally beat earnings expectations, however income fell from the identical interval final yr.

Six Flags — Shares of the amusement park operator had been up almost 12% following information that activist shareholder Land & Buildings Funding Administration has accrued a 3% stake within the firm.

BlackBerry — BlackBerry shares tumbled by about 9% after the corporate reported a quarterly loss. Income beat estimates however the efficiency of its cyber enterprise fell in need of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million.

Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its newest quarter, although income was worse than anticipated. CEO Josh Weinstein mentioned sturdy momentum in reserving volumes has continued in December, “which bodes well for 2023 overall.”

Cintas — Cintas shares received a more than 2% increase after the uniform maker beat earnings and income estimates for its most up-to-date quarter, in line with FactSet. It additionally raised its full-year earnings outlook for 2023.

 — CNBC’s Sarah Min contributed reporting

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