Business & Investment

Apple, Robinhood, Visa, Chevron, etc.

The Apple Store logo will be seen on January 27, 2022 in Arlington, Virginia.

Joshua Roberts | Reuters

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

Apple — The tech giant’s share has skyrocketed by more than 5% following strong quarterly reports: The largest single quarter ever in terms of revenue. Apple exceeded analysts’ estimates in sales for all product categories except the iPad. Despite supply challenges and the protracted impact of the pandemic, sales increased by more than 11%.

Robin hood — Equity trading apps rose 7% in noon trading. After going down More than 14% before the session.Robin hood Gave me unfortunate first quarter guidance He also mentioned in his earnings report that he is investing heavily in product development.

visa —The payment giant reported a adjusted quarterly profit of $ 1.81 per share, after which the share price surged by nearly 8%. This is 11 cents above the estimate. It also exceeded estimates and reported revenues in excess of $ 7 billion for the first time.

VF Corporation — Owners of apparel brands such as The North Face and Vans confirmed in their quarterly earnings report that stock prices fell 4% due to delivery delays and labor shortages after lowering forecasts for the full year. .. The company exceeds analysts’ estimates of quarterly profits and revenues.

Western Digital — The share of disk drive makers fell by more than 6%, even though the company reported that it exceeded the top and bottom line estimates for the latest quarter. He also announced a weaker outlook than expected, stating that supply chain problems could not fully meet strong demand.

ChargePoint — EV charging stock surged by more than 8% Upgrade to overweight From JP Morgan. Analysts said in a note that the company still has a long potential for growth and the lack of short-term profits is not a major concern.

Chevron — Shares fell 4% after energy giant Report weaker quarterly earnings than expectedHowever, its revenue exceeded analysts’ estimates. Analysts expected $ 3.12 per share, but the company earned $ 2.56 per share, excluding items.

Caterpillar — Machine inventory fell 6%, despite fourth-quarter reports surpassing top-line and bottom-line estimates. However, the company’s operating margin shrank to reflect rising costs.

Synchrony — As part of the quarterly earnings, stocks fell 5% after the company stated that net amortization and delinquency increased from current levels. The financial services company reported revenues in line with Wall Street’s forecasts.

Mondelez — Snackmakers have fallen more than 2% in their last quarterly update, after slightly below their earnings estimate of 1 penny per share. Monderes said he raised prices during the quarter, but that wasn’t enough to offset the increase in material and logistics costs.

— CNBC’s Jesse Pond, Maggie Fitzgerald, and Yunley contributed to the report.

Apple, Robinhood, Visa, Chevron, etc. Apple, Robinhood, Visa, Chevron, etc.

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