Business

Gilead Science, CVS, Electronic Arts and more


A customer walks toward the entrance of a CVS Health Corp store. in downtown Los Angeles, California, United States, on Friday, October 27, 2017.

Christopher Lee | Bloomberg | beautiful pictures

Check out the companies that make headlines in Wednesday midday trading.

Gilead Science Biopharma shares rose 6.6% after quarterly revenue of $6.26 billion broke FactSet’s $5.86 billion estimate. Full-year revenue of $24.5 billion also outperformed expectations.

CVS Health – Shares of the pharmaceutical giant rose 5.7% after the company beat Wall Street’s expectations in the second quarter income. It also announced same-store sales were up 8% year-over-year, as customers bought at-home Covid testing kits and cough, cold and flu medicines.

Electronic art – The video game company jumped 4% after reporting adjusted earnings of 47 cents per share, beating Refinitv’s forecast of 28 cents per share for its most recent quarter. Net bookings of $1.30 billion also beat estimates of $1.26 billion, thanks in part to EA’s FIFA franchise strength.

Charles River Laboratories – Shares fell 9.2% after the pharmaceutical company guidance reduction all yearon the grounds of a stronger dollar and rising interest rates.

Starbucks – Shares of the coffee chain up more than 3% after the report Quarterly results better than expected, despite the lockdown in China weighing on its performance. In the United States, however, net sales rose 9% to $8.15 billion and like-store sales rose 3%.

Moderna Vaccine warehouse shares rose 16.7% after Moderna’s second-quarter results easily topped Wall Street estimates. The company reported earnings of $5.24 per share on $4.75 billion in revenue. Analysts surveyed by Refinitiv had expected $4.55 in earnings per share and $4.07 billion in revenue. Moderna also announced a $3 billion stock buyback program.

SoFi technology – Stocks up more than 27% after personal finance the company posted a span in the top and bottom linesissued strong full-year revenue guidance and reported a 91% jump in personal loan volume.

Match group – The dating app operator’s stock fell 17% after the company reported $795 million in revenue for second quarter, compared with a StreetAccount estimate of $803.9 million. Match also gave poor direction and announced the departure of Renate Nyborg, the CEO of its Tinder unit.

Airbnb – Airbnb shares slide about 3% after the vacation rental company posted weaker-than-expected revenue for the second quarter. The company also reported more than 103 million nights booked and experienced, the largest quarterly number ever for the company but lower than StreetAccount’s estimate of 106.4 million.

PayPal Shares of the payments giant up 9.4% after the second quarter results were better than expected and an increase in its forecast. PayPal also revealed it signed an information-sharing agreement with Elliott Management and announced a $15 billion share buyback program.

– CNBC’s Jesse Pound and Sarah Min contributed reporting



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