[ad_1]
Check out the companies making headlines in midday trading. Nvidia — The chipmaker and artificial intelligence beneficiary spiked 11% after Nvidia posted strong fiscal first-quarter results , issued better-than-expected guidance and announced a 10-for-1 stock split. Other AI and related semiconductor names rallied on the results. Super Micro Computer shares rose by 1.2%. Boeing — Shares dropped roughly 6% after CFO Brian West said he expects negative free cash flow and that the company’s aircraft deliveries won’t recover in the second quarter from the first. Boeing is dealing with several production challenges with its best-selling planes. Live Nation Entertainment — Shares dropped 7% after the U.S. Department of Justice sued to break up the parent company of Ticketmaster, alleging antitrust violations . E.l.f. Beauty — The stock surged 21% after E.l.f. Beauty surpassed fiscal fourth-quarter estimates on the top and bottom lines. The cosmetics maker posted fourth-quarter adjusted earnings of 53 cents per share on revenues of $321.1 million. Analysts polled by LSEG had expected per-share earnings of 32 cents on revenue of $292.6 million. LiveRamp — Shares climbed 7% following stronger-than-expected earnings for the fiscal fourth quarter, per FactSet. Additionally, LiveRamp issued strong current-quarter and full-year revenue guidance. GoodRx — Shares gained 3% after RBC upgraded GoodRx to outperform from sector perform, saying the telemedicine company has notable growth opportunities. Taiwan Semiconductor Manufacturing — Taiwan Semiconductor gained 2% after the chipmaker said it anticipates annual revenue growth of 10% for the global semiconductor industry. Snowflake — Shares of the cloud-computing company dipped 3%, taking back earlier gains that were fueled by the company’s better-than-expected first-quarter revenue and its higher annual product revenue outlook. Snowflake had posted $829 million in revenue, surpassing the consensus forecast of $786 million, per LSEG. Adjusted earnings for the period came in at 14 cents a share, however, falling short of analysts’ consensus estimate by 4 cents. Titan Machinery — The farm and equipment machinery maker tumbled 17% after Titan Machinery posted first-quarter earnings and revenue that fell short of expectations, according to FactSet consensus estimates. Triumph Group — The aerospace stock slid 11% after Triumph Group posted earnings guidance of 42 cents per share for the full-year ending March 2025, lower than the FactSet consensus estimate of 70 cents per share. Cytokinetics — The biopharmaceutical stock plunged 15% following a $500 million common stock offering. JPMorgan, Goldman Sachs and Morgan Stanley are sole joint book-running managers. VF Corp — Shares fell 3.5% after the apparel and footwear company posted an unexpected loss per share. VF Corp had a loss of 32 cents per share for its fiscal fourth quarter, versus the 1 cent earnings per share expected from analysts polled by LSEG. Revenue also missed, coming in at $2.37 billion, compared to the $2.41 billion consensus estimate. — CNBC’s Michelle Fox and Pia Singh contributed reporting
[ad_2]
Source link
