A woman walks past an AT&T store in Washington DC
Ting Shen | Xinhua News Agency | Getty Images
Learn about the companies making headlines in mid-day trading.
charity — Medical Group shares jumped more than 8% after the company reported better-than-expected earnings and revenue for its most recent quarter, citing higher sales, which helped offset growth in its expenses Of. According to Refinitiv, Danaher posted adjusted earnings of $2.76 per share on revenue of $7.75 billion, compared to expected earnings of $2.35 per share on revenue of $7.3 billion.
Tesla – The day after Tesla rose by more than 9% Automaker reported earnings Those were slightly better than Wall Street expected in the second quarter. According to Refinitiv, Tesla posted adjusted earnings of $2.27 per share on revenue of $16.93 billion, compared to expected earnings of $1.81 per share on revenue of $17.10 billion.
AT&T — Shares of the telecom giant fell more than 7% after AT&T trimmed its free cash flow guidance for the full year. AT&T topped analysts’ estimates on the top and bottom lines in the second quarter, posting adjusted earnings of 65 cents per share on revenue of $29.64 billion.
CSX Corp, — Transportation stock rose 4% after CSX reported stronger-than-expected revenue for the second quarter. CSX said higher prices and fuel surcharge helped boost revenue. Loop Upgraded CSX To buy from hold came after the report, adding that the company’s pricing power could make it a smart bearish game for investors.
Philip Morris — Shares of Philip Morris rose 4% after the company reported quarterly earnings, which beat analyst expectations. The cigarette maker also raised its growth expectations for profit going forward.
United Airlines And American Airlines – shares of both United And American Post-quarter results for both airlines dropped 9.4% and 7.6%, respectively. United’s earnings fell short of Wall Street’s expectations, while American scaled back its growth plans. United posted its first profitable quarter since the start of the pandemic.
Cruise Stocks – After the fall in shares of cruise lines CARNIVAL It sold an additional $1 billion in stock at a significant discount, valuing the deal at $9.95 per share, about 10% lower than Wednesday’s close. Carnival slipped 11%. Royal Caribbean And Norwegian traded even lower – they fell 8.6% and 7.7% respectively.
Financial Search Shares of Discover Financial Services fell more than 9% after the company announced it would be suspending share buybacks and had begun a compliance investigation into its student loan servicing business. The company also announced quarterly earnings, which beat expectations but fell short.
— CNBC’s Samantha Subin, Jesse Pound and Tanaya Machil contributed reporting.