Stocks making the biggest moves noon: Coty, Square, Roku, Uber & more

Check out the firms making headlines in noon buying and selling. 

Roku — Streaming platform Roku jumped 11% after the firm reported a shock adjusted revenue for its third quarter. The firm posted 9 cents in earnings per share on $452 million in income. Analysts had projected a lack of 40 cents per share and $366 million in income, in line with Refinitiv. The firm added Three million lively accounts throughout the quarter.

Square — Shares of the fee supplier jumped more than 10% on the heels of the firm’s stronger-than-expected quarterly outcomes. Square earned 34 cents per share on an adjusted foundation, in comparison with the 16 cents analysts surveyed by Refinitiv anticipated. Revenue additionally topped estimates as the firm noticed a rebound in fee volumes.

Zillow Group — Shares jumped more than 14% after the firm more than tripled earnings expectations throughout the third quarter. Zillow earned 37 cents per share on an adjusted foundation, whereas analysts surveyed by Refinitiv anticipated a revenue of 11 cents per share. Revenue additionally topped expectations, whereas the firm’s unadjusted revenue was the largest in its historical past.

Uber — Shares of the ridesharing and supply firm rallied 6% after Uber’s third-quarter outcomes confirmed a smaller-than-expected loss regardless of lacking income estimates. Uber reported an adjusted lack of 62 cents per share on $3.13 billion in income. Analysts surveyed by Refinitiv projected a lack of 65 cents per share and $3.20 billion in income. CEO Dara Khosrowshahi mentioned on a convention name that Uber was seeing its ridesharing enterprise rebound.

Yelp — Yelp gained 11% after RBC upgraded the inventory to an outperform score following the firm’s third quarter outcomes. RBC pointed to an “attractive valuation and improving fundamentals.” The agency’s $29 goal represents 31% upside from the inventory’s closing worth on Thursday.

T-Mobile – Shares of T-Mobile jumped more than 5% after the cellular operator posted quarterly outcomes that topped Wall Street estimates. T-Mobile reported an EPS of $1.00 for the third quarter, properly above an estimate of 46 cents in line with FactSet. The firm mentioned it added more postpaid cellphone subscribers than anticipated, serving to its income beat expectations.

Peloton — Shares of Peloton rose 2% following the stationary bike maker’s better-than-expected quarterly outcomes. The exercise firm posted earnings of 20 cents per share on income of $758 million. Wall Street had forecast earnings of 11 cents per share on income of $748 million, in line with Refintiv. Peloton additionally mentioned the current spike in Covid-19 circumstances has led to a enhance in orders, inflicting the exercise firm to boost its 2021 income outlook.

Electronic Arts —  Shares of Electronic Arts dropped almost 8% after the online game maker reported a income miss for its fiscal second quarter. The firm posted income of $910 million, under a FactSet estimate of $959 million. Earnings got here in at 21 cents per share, higher than the anticipated Three cent per share revenue.

Coty — Shares of the cosmetics retailer jumped 13% after the firm reported a shock revenue for the third quarter. Coty posted earnings of 11 cents per share, whereas Wall Street was anticipating a lack of 5 cents per share, in line with Refinitiv. Revenue got here in at $1.12 billion, topping estimates of $1.08 billion.

CVS Health — Shares of the pharmacy large popped more than 6% on the again of better-than-expected quarterly outcomes. CVS reported a revenue of $1.66 per share on income of $67.06 billion. Analysts polled by Refinitiv anticipated earnings per share of $1.33 on income of $66.66 billion. The firm additionally raised its full-year earnings steerage.

— CNBC’s Yun Li, Maggie Fitzgerald, Fred Imbert and Jesse Pound contributed reporting.

Subscribe to CNBC PRO for unique insights and evaluation, and reside enterprise day programming from round the world.

Source hyperlink

What do you think?

Written by Business Boy


Leave a Reply

Your email address will not be published. Required fields are marked *



For doctors who think Trump fumbled the pandemic, the tight election is seen as an insult

Trump’s ex-FDA chief: ‘Win or lose’ the election, administration must do more to fight Covid