A woman walks past an AT&T store in Washington
Ting Shen | Xinhua News Agency | Getty Images
Check out the companies making headlines in afternoon trading.
Danaher – Shares of the medical conglomerate rose more than 8% after the company reported better-than-expected earnings and revenue for the latest quarter, citing higher sales that helped offset rising costs. Danaher reported adjusted earnings of $2.76 per share on revenue of $7.75 billion, compared with expectations of $2.35 per share on revenue of $7.3 billion, according to Refinitiv.
Tesla – Tesla rose more than 9% in one day the car manufacturer announced its profit That was slightly better than Wall Street had expected in the second quarter. Tesla posted adjusted earnings of $2.27 per share on revenue of $16.93 billion, according to Refinitiv.
ATT – Shares of the telecommunications giant fell more than 7% after AT&T cut its full-year free cash flow guidance. AT&T posted adjusted earnings of 65 cents a share on revenue of $29.64 billion in the second quarter, beating analysts’ estimates on the top and bottom lines.
CSX Corp. – The transportation stock rose 4% after CSX reported stronger-than-expected second-quarter earnings. CSX said higher prices and a fuel surcharge helped boost revenue. Improved CSX After the report, he said the company’s pricing power could make a smart bearish play for investors to buy without waiting.
Philip Morris – Shares of Philip Morris gained 4% after the company reported quarterly profit that beat analysts’ expectations. The cigarette maker also raised its growth expectations for future earnings.
United Airlines and American Airlines – A share of both merged and american Both airlines fell 9.4% and 7.6%, respectively, after reporting their quarterly results. United’s earnings fell short of Wall Street’s expectations, and American cut growth plans. United posted its first profitable quarter since the start of the pandemic.
Cruise stocks – Cruise line stocks took a hit after that carnival sold an additional $1 billion in shares at a significant discount, pricing them at $9.95 per share, about 10% below Wednesday’s close. Carnival decreased by 11%. King Carib and norwegian also traded lower — down 8.6% and 7.7%, respectively.
Discover finance – Shares of Discover Financial Services fell more than 9% after the company announced it would end share buybacks and launch a compliance investigation into its student loan servicing business. The company also reported quarterly earnings that beat expectations.
— CNBC’s Samantha Subin, Jesse Pound and Tanaya Macheel contributed reporting.
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