Business & Investment

Ford, eBay, Tesla, Merck and more

Ford Motor Company CEO Jim Farley will speak at a press conference at the Rouge Complex in Dearborn, Michigan, on September 17, 2020.

Rebecca Cook | Reuters

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

Ford motor — Automaker’s share surged more than 9% after the star Revenue report.. Ford Motor Co., which reported earnings on Wednesday, almost doubled Wall Street’s earnings forecast, slightly above its third-quarter earnings forecast. Automakers have also increased their second annual guidance this year.

eBay — E-commerce company stocks fell about 6.3% due to weak earnings forecasts in the fourth quarter. However, according to Refinitiv, eBay exceeded its earnings forecast of 1 cent per share and exceeded its earnings estimate.

Tesla — Tesla shares continued to rise: Piper Sandler raises price target Bring your electric car inventory to the new street height. Stock prices rose 3.2%. Piper Sandler has raised its share price forecast from $ 1,200 to $ 1,300. This means it could rise 25% from Wednesday’s closing price.

Apple, Amazon — Big Tech names Apple and Amazon traded high after the bell on Thursday, prior to the quarterly earnings report. Apple was up 2.3% and Amazon was up 2.1%.

Caterpillar — Caterpillar’s share rose 3.3% after reporting a third-quarter beat in final estimates, despite a slight earnings mistake. Heavy equipment manufacturers recorded revenue of $ 2.66 per share, surpassing analysts’ estimates of $ 2.20.

Naked wine — Naked wine share surged about 50% after hedge fund manager Glenn Kacher Revealed the company As the top pick of CNBC’s “Half Time Report” on Thursday. Kacher has built a 9.9% stake in wine dealers.

Merck — Pharmaceutical companies surged more than 5% after reporting quarterly revenue. Merck brought $ 1.75 per share, 20 cents above the estimate and above the earnings estimate, thanks to strong sales of vaccines and anti-cancer drugs.

Anheuser-Busch — Brewery share surged 8.5% after an unexpected increase in third-quarter profits. The company also raised its earnings forecast for this year.

Northrop Grumman -According to Refinitiv, the defense industry contractor’s stake fell by more than 6% after the company’s third-quarter revenue reached $ 8.72 billion, below the expected $ 8.95 billion. The company saw a year-on-year decrease in sales in the aviation and defense sectors. Northrop exceeded earnings per share expectations.

Twilio — Twilio’s share has sunk by more than 15% Despite quarterly financial results that exceeded expectations.. According to Refinitiv, Twilio is making 1 cent per share and is expected to lose more than 15 cents per share. Earnings also exceeded expectations. However, Twilio forecasts wider losses than expected in the fourth quarter. COO George Hu also announced his departure.

Teradyne — Teradyne’s share price surged 11% following higher-than-expected earnings reports. Equipment manufacturers reported adjusted earnings of $ 1.59 per share for revenue of $ 950.5 million. Analysts surveyed by StreetAccount expected revenue of $ 932.9 million and a return of $ 1.43 per share. Teradyne also received upgrades from Cohen and UBS following earnings reports.

Tempur Sealy — Despite reporting good quarterly performance, the mattress company’s share price fell 3.7%. Tempur Japan recorded a quarterly earnings of 88 cents per share, three cents above the estimate. We also reported an increase in sales in the international market and a significant increase in sales.

Terra Dock Health — Telehealth shares surged more than 8% in noon trading after reporting lower-than-expected earnings losses in the third quarter. According to Refinitiv, Teladoc lost 53 cents per share, while analysts expected a loss of 65 cents per share. The company’s revenue is $ 522 million, well above the estimated $ 517 million.

ServiceNow — Software company stocks rose 3.6% in noon trading after breaking above the top and bottom lines of quarterly results. ServiceNow reported revenue of $ 1.55 for revenue of $ 1.51 billion. According to Refinitiv, Wall Street expects to earn $ 1.38 per share, compared to $ 1.48 billion in revenue.

American Express — American Express shares fell more than 2% after the company Presentation A new fully digital checking account and its first business debit card.

— CNBC’s Tanaya Macchel, Maggie Fitzgerald, Yun Li and Jesse Pound contributed to the report.

Ford, eBay, Tesla, Merck and more

https://www.cnbc.com/2021/10/28/stocks-making-the-biggest-moves-midday-ford-ebay-tesla-merck-more.html Ford, eBay, Tesla, Merck and more

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