Customers shop at the Apple Fifth Avenue store for the launch of the Apple iPhone 14 in New York City, September 16, 2022.
Andrew Kelly | Reuters
Check out the companies that make headlines in midday trading.
Apple Apple shares jumped 8% after the tech giant beat both top and bottom estimates when it reported earnings results for its latest quarter.
Intel – Chip inventory increased by 10% after beat analysts’ estimates for the most recent quarter and outlined a plan to reduce costs by $10 billion over the next three years.
Amazon Amazon shares fell 9% on Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street’s expectations. The company also forecast weaker-than-expected holiday sales.
T Mobile T-Mobile shares rose 6% after the telecom company reported its biggest subscriber jump since 2020, when it merged with Sprint.
DexCom – Shares of DexCom, a medical supply company that makes diabetes management systems, jumped 16% after reporting quarterly results that beat analysts’ expectations.
Gilead Science – Shares of the pharmaceutical company jumped 11% after reporting better-than-expected earnings and revenue for the latest quarter, according to StreetAccount. Gilead also offers upbeat earnings guidance and total sales. Truist stock upgrade Friday to buy.
DaVita Inc – DaVita, a healthcare company focused on kidney care and dialysis, fell 27% on Friday after reporting disappointing quarterly results due to the impact of Covid-19 and labor shortages. motion. The medical company also cut its 2022 outlook.
Etsy – Shares of online retailer Etsy fell more than 4% on Friday, following Amazon’s drop after the e-commerce giant missed out.
Pinterest Pinterest rose 8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast.
Edwards Lifesciences – Shares of the medical technology company fell 15% on Friday after reporting quarterly earnings that fell short of Wall Street expectations due to hospital staff shortages and a strong US dollar. The company also cut its guidance for the year.
Verisign – The internet company’s shares rose 8% on Friday after its quarterly results beat analysts’ expectations, including increased revenue for the year.
Regulations CommunicationsCable company shares rose 4% after broadband subscriptions grew in the third quarter. Net earnings per share increased year over year. However, the company’s revenue fell short of expectations and its key profit metric fell short of estimates, according to StreetAccount.
China stocks – Chinese stocks traded on Friday as the Hang Seng index sold off after President Xi Jinping was appointed to a third term as the country’s leader. JD.com shed more than 4%. Baidu slip more than 3%, while Alibaba down 4.7%. Pinduoduo decrease by about 1%.
McDonald’s – Fast food giant sees shares rise 3% after Morgan Stanley reiterates its overweight rating about them. The company called McDonald’s must own “in these times” after earnings report on Thursday shows growing traffic to restaurants in the US.
Time changed – Shares fell 5.9% after Citi downgraded Resmed stock to neutral from buy, according to StreetAccount. The medical device company reported quarterly results on Thursday, posting slightly higher-than-expected revenue, according to consensus estimates on StreetAccount.
LyondellBasell Industries Shares fell 4.6% after LyondellBasell Industries missed profit and sales expectations in its latest quarterly report, according to consensus estimates on StreetAccount. CEO Peter Vanacker said in a statement that high inflation and energy costs, as well as weaker seasonal demand, will lead to more challenging conditions in the fourth quarter.
Bio-Rad Laboratory Bio-Rad Laboratories shares fell 7.4% after the life sciences company reported disappointing quarterly results.
Main finance team – Shares of financial services company Main Financial Group jumped 7% after the company beat estimates for its quarterly results, reported Thursday. The company also declared a dividend.
Bloomin’ Brands Outback Steakhouse parent company saw shares rise 5.4% after beating profit and profit expectations in its latest quarterly report.
– CNBC’s Samantha Subin, Sarah Min, Tanaya Macheel, and Jesse Pound contributed reporting.