A Norwegian Gateway cruise ship departs Manhattan Harbor during sunset on April 10, 2022 in New York City, the United States.
Typhoon Koskun | Anadolu Agency | Getty Images
Check out the companies making the biggest moves of the afternoon:
Norwegian Cruise Line – Shares sank more than 6% after the cruise ship operator reported in a filing Securities and Exchange Commission That it will report a net loss for the fourth quarter of 2022 and the full year as well as the first quarter of 2023.
charles schwab Bank shares fell more than 6% after Bank of America double-downgraded shares for an underperform rating, adding that clients will continue to move cash into alternatives such as money market funds.
Vornado Realty Trust – Shares of Real Estate Investment Trust declined by 3.3% cut its quarterly dividend 53 cents to 37.5 cents per share. Vornado Realty, which owns commercial properties in cities such as New York and San Francisco, cited the current state of the economy and capital markets, as well as Vornado’s revised estimated 2023 taxable income, primarily due to higher interest risk.
roblox – Shares of Roblox declined 6% downgrade to a lower weight Ratings by Morgan Stanley analysts. The video game stock’s upside is limited after a strong December metrics report, the bank said.
philip morris – The Marlboro parent gained 2.4% after Jefferies called the stock “slump resistant,
service now Shares rose nearly 3% after Bank of America named the software stock top pick, The firm registered its “best-in-class growth”.
Tesla — Shares of the electric-vehicle maker slipped more than 1% in afternoon trading. piper sandler repeated your improved rating on the stock, saying that investors should be “actively” looking to buy shares. CEO Elon Musk a day ago Fraud trial begins Tweets he wrote about considering taking Tesla private in 2018 caused the stock to rally.
alcoa — Shares of the aluminum company fell 4.6% on Thursday after the company announced fourth-quarter results. According to StreetAccount, Alcoa’s adjusted fourth-quarter loss was 70 cents per share, well below an estimated loss of 81 percent. However, the company’s adjusted EBITDA — a profit metric that includes expenses less than net income — missed estimates. Alcoa said it expects total alumina shipments to decline year over year in 2023.
Search Financial Services – The online bank fell nearly 2% this year after it hiked provisions for credit losses and introduced a higher net charge off rate, a sign customers are falling behind. Search Beat Expectations For both earnings and revenue per share for the quarter.
curevac Shares of the biopharmaceutical company rose by more than 9%. upgraded by ubs Buying from neutral. The Wall Street firm said it saw a “major inflection point” in Phase 1 results for an influenza treatment.
ford — The automaker’s stock fell 1.9% after Evercore ISI cut its price target, saying the automaker could struggle if it turns bearish.
allstate — The stock fell 7% a day after the insurer announced preliminary fourth-quarter results, which included a Estimated Adjusted Net Loss Between $335 million and $385 million.
Northern Trust — Shares of the financial institution fell 10% after the company Reported fourth quarter net income per diluted common share of 71 centscompared to $1.91 in the fourth quarter of 2021. Revenue from its trust and investment services came in at $1.04 billion, less than the $1.05 billion expected by StreetAccount.
comerica — Shares rose nearly 6% after the financial services company topped profit expectations in its latest quarterly report. Comerica reported earnings of $2.58 per share, which topped the $2.55 per share expected by analysts polled by Refinitiv.
— CNBC’s Samantha Subin, Jesse Pound, Alex Harring, Sarah Min and Michael Bloom contributed reporting.