Business & Investment

Roku, Lennar, Rite Aid, Warner Music, etc.

The Roku 3 TV Streaming Player menu will appear on TV in Los Angeles, California, USA on Thursday, September 12, 2013.

Patrick T. Fallon | Bloomberg via Getty Images

The stocks that have been talked about in the noon trading are:

Roku — Roku’s share increased 3.5% after streaming company announced Equipped with HBO Max on the platform.. HBO Max was launched in May, but Roku and HBO were stuck in negotiations and couldn’t add the service to the platform.

Renner – Homebuilders’ share increased by more than 6% after Renner exceeded top-line and bottom-line quotes in the fourth quarter. The company earned $ 2.82 per share with revenue of $ 6.83 billion. Analysts surveyed by FactSet predicted that Lennar would make $ 2.36 per share and generate $ 6.53 billion in revenue. The annual share has increased by more than 40%.

Rite Aid — Pharmacy inventories surged more than 20% after reporting unexpected adjusted earnings in the third quarter. The company earned $ 6.12 billion in adjusted revenue of 40 cents per share. Analysts surveyed by Refinitiv expected a loss of 5 cents per share and a return of $ 5.84 billion. Rite Aid said it has expanded its market share in pharmacies and front-end sales.

Warner Music Group – After the upgrade to overweight by Morgan Stanley, entertainment company shares increased by more than 7%. “Degraded performance and new use cases create opportunities,” the company said in a note to its customers.

Chewy – Chewy’s share has since surged another 5% Needham named online pet company top pick in 2021 He said there was “strong” growth as net sales per customer increased. Stock prices have risen more than 17% this week alone. Earlier this week, the CFO said retailers were planning to build a product lineup.

Accenture — Consulting firm stocks rose 9% after exceeding Accenture’s first-quarter expectations. The company reported earnings per share of $ 2.32 for revenue of $ 11.76 billion. Analysts surveyed by Refinitiv found $ 2.05 per share and revenue of $ 11.36 billion. The company also raised its fiscal year outlook.

Herman Miller — Herman Miller’s share price has fallen by more than 13%, even after office furniture companies have released quarterly figures that exceed analysts’ expectations. The company reported a profit of 89 cents per share, exceeding FactSet’s estimate of 56 cents per share.

ContextLogic – Discount e-commerce marketplace Wish’s parent, Context Logic’s share, surged more than 14% after declining 16.4% in the previous session when the company made its market debut.. The stock was last traded at about $ 22.9 per share, but was still below the IPO price of $ 24 per share. This was the upper limit of expectations.

— CNBC’s Fred Imbert, Yun Li and Pippa Stevens contributed to this story.

Roku, Lennar, Rite Aid, Warner Music, etc.

https://www.cnbc.com/2020/12/17/stocks-making-the-biggest-moves-midday-roku-lennar-rite-aid-warner-music-more.html Roku, Lennar, Rite Aid, Warner Music, etc.

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