Connect with us

First News in the World from USA

Activision Blizzard, Dish Network, Tesla

Activision Blizzard, Dish Network, Tesla

FINANCE NEWS

Activision Blizzard, Dish Network, Tesla


KIEV, UKRAINE

SOPA Images | LightRocket | Getty Images

Check out the companies making headlines midday Friday:

Newell Brands — Newell Brands shares soared more than 11% after the company beat Wall Street estimates on its first-quarter results. The Rubbermaid container and Elmer glue maker reported earnings of 14 cents per share. Analysts polled by Refinitiv expected a profit of 6 cents per share.

CBS — Shares of the media company fell nearly 2.3% after reporting quarterly revenue that missed analyst expectations. CBS posted a revenue of $4.17 billion for the first quarter, while analysts polled by Refnitiv expected sales to total $4.3 billion.

Activision Blizzard — Shares of Activision Blizzard were down 5.4% a day after the company said its monthly active users fell nearly 8% from the same time period a year ago. That decline overshadowed stronger-than-expected first-quarter earnings.

Expedia — The travel site’s stock dropped 2.3% after the company reported a lower-than-expected occupancy rate in its affiliated hotels. Room nights, a key measure for the hotel industry, grew by 9% in the first quarter. Analysts polled by Refinitiv expected growth of 9.4%. Revenue for the quarter also disappointed investors.

Gilead Sciences —Gilead Sciences gained 3.2% after revenue from from the company’s HIV medication Biktarvy crushed expectations, bringing in $793 million, $111 million higher than expected. The pharmaceutical company also reported earnings of $1.76 per share, 15 cents higher than a Refinitiv estimate.

Shake Shack — Shake Shack jumped 4.1% after the company reported same store sales that surpassed analyst expectations. The burger joint reported first-quarter same-store sales growth of 3.6%, while analysts polled by Refinitiv had only expected a 0.9% increase.

U.S. Steel — The company’s stock jumped more than 10% on the back of quarterly results that surpassed analyst expectations. U.S. Steel posted earnings per share of 47 cents, easily topping a Refinitiv estimate of 22 cents. Revenue for the first quarter also topped expectations.

Walmart — Walmart shares rose 1% after an analyst at Bernstein upgraded the retailer’s stock to outperform from market perform, noting Walmart could show an “outsized” return moving forward.

Tesla — Shares of the electric car maker were up 4.5% after the company said it increased the size of the stock and bond offering. Tesla said it was set to raise up to $2.7 billion in capital, which would also include a $25 million from CEO Elon Musk.

Dish Network — Shares of the U.S. television provider rose nearly 4% despite the release of disappointing quarterly results. Dish Network reported earnings per share of 65 cents on revenue of $3.187 billion. Wall Street expected a profit of 66 cents a share on sales of $3.188 billion, according to Refinitiv.

—CNBC’s Nadine El-Bawab, Matt Lavietes and Jessica Bursztynsky contributed to this report.



Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

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

More in FINANCE NEWS

To Top
error: Content is protected !!
Top