Companies are making news in midday trading.
After the stock fell 50%, trading in the company's shares was stopped. An oral order was issued by a Delaware federal court judge. The order could lead to generic competition for the drug in the later part of the 20th century. The litigation update was dropped from the bank's rating to neutral.
Wingstop's shares surged 22% after an earnings beat. Wingstop's adjusted earnings were 45 cents per share, and beat estimates of 36 cents. The company is sticking to its guidance for the year.
The Facebook parent company's shares fell on the back of disappointing results. Digital advertising slowed in the second quarter, which resulted in a miss on the top and bottom lines. A weak forecast was issued by the company.
Despite posting strong earnings and revenue, the cable and entertainment giant's shares slid. It was the first time in the company's history that it didn't add broadband subscribers. It lost 30,000 broadband subscribers this month.
The company's guidance for the current quarter was short of expectations and shares fell 4%. During its fiscal fourth quarter, the company's sales growth would slow as a result of a decline in demand for smartphones. The company's third-quarter earnings were slightly better than expected.
The company reported earnings that missed both top and bottom-line estimates. The company reduced its full-year forecast.
Teladoc's shares plummeted after the company issued a weak outlook. Teladoc had a goodwill impairment charge.
The cable company fell after it was fined. According to the Wall Street Journal, a court in Texas ordered the company to pay $7 billion in damages for an employee who killed a customer.
Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., announced they had reached a deal on a climate bill. Sunrun was up 26% and Sun nova was up 22%. First Solar's gains increased. Both Enphase and Constellation Energy increased their prices.
The e- commerce company beat estimates for the quarter. Despite tough economic conditions, the company's revenue grew.
Southwest Airlines shares fell after the company said it expects capacity constraints for the rest of the year. The earnings report was better than expected.
The shares of the discount airline climbed after it was announced that the airline would be bought by another airline. There was a bidding war between the two airlines. The combined airline would be the fifth largest in the US.
The company reported quarterly earnings that beat analyst expectations. Every segment of the company's sales exceeded estimates.
The shares of Harley Davidson rose after the company reported better than expected results. Even though it had a two week halt in production due to an issue with a supplier, the company still maintained its full-year guidance.
NBCUniversal is a company owned by NBCUniversal.
Sarah Min, Jesse Pound, and Tanaya Macheel were contributors.
All Rights Reserved © 2024
