Check out the companies that are trending in intraday trading. CH Robinson — Shares fell 12.6% for him after a weaker-than-expected earnings report. The logistics company earned 50 cents per share on an adjusted basis and had revenue of $4.22 billion. Analysts surveyed by LSEG (formerly Refinitiv) expected earnings of 81 cents per share and revenue of $4.34 billion. Peloton — Shares fell more than 24.3% on the company’s bleak outlook for sales for the quarter and full year. Peloton expects revenue for the quarter to be between $700 million and $725 million. Analysts had expected $754 million, according to LSEG. The company also reported mixed results for its second quarter. Honeywell International — He fell 2.5% after the industry name missed out on earnings. Honeywell reported sales of $9.44 billion in the fourth quarter. Analysts polled by LSEG had expected sales of $9.7 billion. Align Technology — Shares rose 2.3% after the medical device company beat expectations for the fourth quarter and gave a positive outlook. Align’s earnings, excluding items, were $2.42 per share on revenue of $957 million, beating the consensus estimates of analysts compiled by LSEG of $2.18 per share and revenue of $934 million. Ta. The company expects first-quarter revenue to be between $960 million and $980 million, a higher range than the $947 million expected by analysts. New York Community Bank — The regional bank fell for a second day, dropping another 11.1% after falling 37% on Wednesday after a fourth-quarter loss, $552 million provision for credit losses and a dividend cut. did. The SPDR S&P Regional Banking ETF (KRE) fell 3.1%, Western Alliance fell 7.6% and M&T Bank fell 4.6%. NORFOLK SOUTHERN — Railway shares rose 9.1% after a group of investors led by Ancora Holdings bought a large stake. The Wall Street Journal reported that the group is planning a proxy fight to take control and oust the CEO. Nextracker — Shares rose 24.8% after the company, which makes systems that point solar panels toward the sun, raised its outlook for this year. Nextracker raised his revenue forecast for this year from his previous $2.4 billion to his $2.475 billion. The company also raised its adjusted earnings forecast for this year to $2.75 per share (previously $2.15). Wolfspeed — Semiconductor stocks fell 13.6% following weak guidance released late Wednesday. Wolfspeed said investors should expect third-quarter revenue to be between $185 million and $215 million, which is the consensus forecast of analysts surveyed by LSEG. He said it was less than $224 million. This took attention away from the company’s strong financial report in the second quarter. Merck — The drug giant’s stock rose 4.6% after Merck reported fourth-quarter sales and adjusted earnings that beat consensus estimates, driven by strong demand for its blockbuster cancer drug Keytruda and HPV vaccine Gardasil did. The company has released his 2024 general inline guidance. MaxLinear — Stocks fell 11.1% in his day after the computer hardware provider issued soft guidance. Max Linear said it expects first-quarter sales of $85 million to $105 million, lower than the $121.8 million expected by analysts surveyed by FactSet. Boot Barn — After footwear retailer Boot Barn announced that comparable sales, which fell nearly 10% in the fiscal third quarter that ended in December, began to stabilize in January, the company’s The stock price rose by his 10.3%. The company had already announced preliminary financial results for the third quarter last month. Qorvo — The day after Qorvo reported better-than-expected third-quarter results, semiconductor stocks rose 6%. Adjusted earnings per share were $2.10, compared to $1.66 expected by analysts compiled by Street Accounts. Revenue was $1.07 billion, beating the consensus estimate of $1 billion. ChargePoint — The electric vehicle charging company soared 7.9% after TD Cowen called the company a “potential long-term winner” despite a difficult year ahead. Analyst Gabe Dowd Jr. also raised his price target by $1 to $4. Qualcomm — Shares fell 5% after Citi was downgraded from buy to neutral. During the call, Citi noted that the semiconductor company’s outlook for the current quarter was worse than expected. — CNBC’s Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball and Scott Schnipper contributed reporting.
PTON, HON, NSC, boots etc.
