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Snap, Intel, Moderna, Digital World Acquisition Corp, etc.

Check out the companies that make headlines for trading at noon.

Snap-Snap’s share price plummeted 26.6% after reporting quarterly results. This included revenue mistakes and revenue beats. Social media companies said the advertising business has declined due to changes in Apple’s privacy.

Facebook, Twitter – Following Snap’s insight into the impact of Apple’s privacy changes, inventory of social media and digital ads has fallen. Facebook’s share was down 5% and Twitter’s share was down 4.8%.

Intel – Intel’s share price fell 11.7% following weaker-than-expected sales reports. Semiconductor companies have blamed the industry for chip shortages for lost revenue and warned that gross profit and free cash flow will decline in the next few years.

Moderna — A stake in a biotechnology company fell 3.8% after Deutsche Bank began reporting on Moderna in a sales valuation. The company said potential innovations have already been priced in Moderna’s stock. “I agree that it can disrupt the dynamics of the broader field of viral infections (such as influenza), but all generously to assessments that appear to be decoupled from the assessment of the problematic reality. It looks like it’s reflected, “says German.

Digital World Acquisition Corp. — SPAC’s stock, which exposes former President Donald Trump’s planned social media platform, soared again in roller coaster trading. Blankcheck companies trading under the Nasdaq ticker DWAC surged 216% at some point and closed at 107%. Stock prices surged more than 350% on Thursday due to explosive trading volumes and volatility.

Honeywell — Honeywell shares fell 3.2%% after the company cut its full-year earnings guidance. The company also reported lower-than-expected quarterly earnings for third-quarter analysts. However, revenue exceeded expectations.

American Express — American Express shares rose 5.4% after the company exceeded earnings expectations. The company reported a profit of $ 2.27 per share for a revenue of $ 10.93 billion. Analysts surveyed by Refinitiv expected a return of $ 1.80 per share for a return of $ 10.52 billion.

Urban Outfitters — Urban Outfitters’ share increased by 1.5% after Citi upgraded its apparel retailers from neutral to bi-rating. “Since the second quarter of URBN (reported in August), Citi’s -25% stake cannot ignore the more favorable risks / rewards,” Citi said.

VF Corp. — The stock price of apparel companies fell 4.5% after missing the top and bottom lines of quarterly results. VF Corp. reported a profit of $ 1.11 per share for a revenue of $ 3.2 billion. According to Refinitiv, Wall Street expected a return of $ 1.15 per share for a return of $ 3.5 billion.

Seagate — Seagate’s share price rose 6.1% after data storage companies exceeded earnings estimates. According to Refinitiv, the company reported revenue of $ 2.35 per share, 13 cents higher than expected. Seagate also outperformed its current quarterly earnings forecast and released strong earnings and earnings per share guidance.

Chipotle Mexican Grill — Chipotle’s share price fell 2.8%, despite higher earnings. According to Refinitiv, the fast casual chain crushed analysts’ expectations, with adjusted earnings per share of $ 7.02 per share, while expectations per share were $ 6.32. The rise in menu prices helped the company offset the rise in input costs.

Boston Beer — After the brewery’s third-quarter sales report, Boston Beer’s share rose 1.6%. According to StreetAccount, Boston Beer generated $ 561.6 million, ahead of consensus analysts’ estimate of $ 531.5 billion.

Whirlpool — Whirlpool’s share price rose 2.7% after consumer electronics makers exceeded Wall Street earnings per share expectations. The company reported revenue of $ 6.68 per share, 56 cents higher than Refinitiv’s consensus estimate.

Mattel — Mattel’s share price rose 0.6% after toy maker quarterly earnings reports exceeded analysts’ expectations. Mattel posted a profit of 84 cents per share with revenue of $ 1.76 billion, while analysts surveyed by Refinitive expected a profit of 72 cents per share with revenue of $ 1.69 billion.

— CNBC’s Tanaya Macchel, Maggie Fitzgerald and Yun Li contributed to the report

Snap, Intel, Moderna, Digital World Acquisition Corp, etc.

Source link Snap, Intel, Moderna, Digital World Acquisition Corp, etc.

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