Check out the companies making headlines in midday trading. Netflix — The streaming giant soared nearly 12% to an all-time high on the heels of better-than-expected results in the fourth quarter. Netflix reported earnings per share of $4.27 on revenue of $10.25 billion. Analysts polled by LSEG forecast $4.20 per share and $10.11 billion in revenue. The company also announced plans to raise prices for both its advertising supported and premium subscriptions. Johnson & Johnson — Shares fell more than 2% after the pharmaceutical maker’s sales forecast for this year was lower than analyst estimates. J & J edged past fourth-quarter estimates , however. Trump Media and Technology Group — The Truth Social parent pulled back more than 4%, continuing a post-inauguration sell-off from Tuesday. Procter & Gamble — The Ivory soap and Crest toothpaste maker rose 3% after fiscal second-quarter results surpassed Wall Street estimates. Cincinnati-based P & G reported earnings per share of $1.88 on $21.88 billion in revenue. Analysts polled by LSEG were looking for $1.86 per share and revenue of $21.54 billion. 3M — Shares traded marginally higher following an upgrade to overweight from equal weight at Wells Fargo, with analyst Joseph O’Dea citing potentially higher profit margins and a recovery in the industrials sector as positive catalysts. Oracle — Shares jumped more than 10% after President Donald Trump on Tuesday announced a joint venture including OpenAI, Oracle and Softbank to invest as much as $500 billion in U.S. artificial intelligence infrastructure for a project entitled “Stargate.” Shares of AI chipmaker Nvidia gained more than 4%. GE Vernova — The power turbine maker added 2.2% and hit an all-time high on earnings of $1.73 per share in the fourth quarter and after reiterating its 2025 outlook. Revenue of $10.56 billion fell short of the $10.79 billion LSEG consensus estimate. Seagate Technology — The data storage stock jumped about 10% after beating estimates on the top and bottom line in its fiscal second quarter. Seagate earned $2.03 per share on revenue of $2.33 billion. Analysts polled by LSEG were looking for $1.88 per share on revenue of $2.32 billion. Ford —Shares of the F-150 maker dropped more than 3% after Barclays downgraded Ford to equal weight from overweight. The investment bank cited volume headwinds and cost improvement uncertainty. Travelers — Shares in the insurance company were higher by about 4% thanks to strong fourth-quarter results. Travelers reported earnings of $9.15 per share, while analysts surveyed by LSEG were looking for $6.64 per share. Revenue of $12.01 billion also surpassed the forecast of $10.84 billion. Textron — The aviation defense stock slipped 4%. Textron’s fourth-quarter revenue of $3.61 billion missed the forecast $3.81 billion from analysts surveyed by LSEG. — CNBC’s Hakyung Kim and Michelle Fox contributed reporting
NFLX, JNJ, ORCL, F and more
Categories:
Related Post
Retail rush into speculative ETFs may be flashing market warningRetail rush into speculative ETFs may be flashing market warning
There’s worry retail investor exuberance in the exchange-traded fund space is flashing a warning signal for markets. As individuals pour billions of dollars into some of the riskiest pockets of
Judge orders bureau to reinstate fired employeesJudge orders bureau to reinstate fired employees
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri
Nvidia, Microsoft, Constellation Energy, AT&T and moreNvidia, Microsoft, Constellation Energy, AT&T and more
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling saw shares tumbling more than 11% in premarket trading, on track for its worst day