Pedestrians stroll previous Pinterest signage displayed exterior the New York Inventory Alternate.
Michael Nagle | Bloomberg | Getty Photos
Try the businesses which can be making the headlines in noon buying and selling.
Netflix – The leisure inventory fell 6.5% after falling wanting Wall Road’s expectations for third-quarter earnings and subscriber development. Netflix had 2.2 million subscribers worldwide within the final quarter, under the analysts surveyed by Refinitiv forecast 3.57. The corporate attributed this partly to a surge in filings earlier this yr.
Slack – The tech firm’s shares fell 6% after Morgan Stanley downgraded the inventory from equal weight to underweight. The monetary agency stated in a word that Slack “stays challenged” to distinguish itself from the competitors.
Snap – The social media firm rose greater than 32% to hit a brand new all-time excessive after Snap reported a shock revenue for the third quarter. The corporate earned an adjusted one cent per share, in comparison with the lack of 5 cents anticipated by Refinitiv. Income was $ 679 million, which was additionally above expectations.
PayPal – The cost firm’s shares rose 4.4% after it introduced a brand new function that enables customers to purchase, maintain and promote cryptocurrencies. The brand new service shall be rolled out within the US within the coming weeks.
Pinterest – Shares of the net picture sharing platform rose greater than 11% after Goldman Sachs and Financial institution of America upgraded the inventory to purchase. Each corporations cited sturdy earnings outcomes from Snap as a superb signal of Pinterest’s promoting request. Goldman hit a worth goal of $ 61 per share on the inventory, which means the uptrend is up practically 35% from the earlier shut. Financial institution of America raised its goal to $ 58 per share.
AutoNation – AutoNation inventory rose greater than 4% after the corporate reported quarterly outcomes that exceeded analysts’ expectations. AutoNation reported earnings per share of $ 2.38 on income of $ 5.Four billion. In response to Refinitiv, analysts anticipated earnings of $ 1.65 per share on gross sales of $ 5.19 billion. The automotive vendor stated used automotive gross sales rose 9.3%, contributing to larger than forecast gross revenue.
IRobot – iRobot’s shares fell greater than 15% regardless of better-than-expected quarterly outcomes. The corporate reported earnings per share of $ 2.58 and income of $ 413 million, each of which barely exceeded estimates per refinitive. The inventory has risen sharply in current weeks, rising greater than 26% in October earlier than earnings.
Texas Devices – The semiconductor firm’s shares have been down greater than 2%, regardless of Texas Devices beating estimates for gross sales and earnings within the third quarter. The corporate earned $ 1.45 per share for the interval, beating estimates by 17 cents. Texas Devices additionally had its first quarterly income development in practically two years.
WD-40 – WD-40 shares rose 17% after the family and multi-purpose product maker posted stronger-than-expected quarterly outcomes. Earnings for the fourth quarter of fiscal yr have been $ 1.42 per share, beating FactSet’s estimate of $ 1.13 per share. The corporate’s income additionally beat estimates as shoppers picked up home goods throughout the pandemic.
Teradyne – Teradyne’s shares fell practically 5% after the semiconductor firm posted features that have been above Wall Road estimates. Teradyne reported earnings per share of $ 1.18 for the third quarter, up from expectations of $ 1.12 per share, in response to FactSet. Income additionally exceeded expectations, which was boosted by the supply of record-breaking storage and storage assessments.
– CNBC’s Maggie Fitzgerald, Pippa Stevens, Jesse Pound and Fred Imbert contributed to the protection.
Subscribe to one thing CNBC PRO for unique insights and analyzes in addition to reside enterprise day packages from world wide.