Check out the companies making headlines in midday trading. Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecasted 67 cents per share and $771.1 million in revenue. Hasbro added it’s not changing its full-year guidance “given the uncertainty of the current tariff environment.” Fiserv — Shares of the software provider plunged 17% after Fiserv’s adjusted revenue missed expectations. Fiserv reported adjusted first-quarter revenue of $4.79 billion, while analysts polled by FactSet expected $4.84 billion. Comcast — The stock pulled back more than 4% after the cable giant saw a drop in customers for the first quarter , reporting a loss of 199,000 total domestic broadband customers and a loss of 427,000 cable TV customers. Freeport-McMoRan — Shares of the mining company increased by 6.6% after Freeport posted a profit for the first quarter, slightly topping Wall Street’s expectations. The company said that the Trump administration’s tariffs could increase the cost of materials needed for its U.S. mines by about 5%. Texas Instruments — The semiconductor manufacturer popped by 7.1% on a better-than-expected first-quarter financial report and upbeat guidance for the current quarter. Texas Instruments earned $1.28 per share on revenue at $4.07 billion, while analysts polled by LSEG called for $1.07 earned per share and $3.91 billion in revenue. PepsiCo — Shares of the snack and beverage company dipped 4% after a first-quarter report reflected lower-than-expected earnings and a weaker outlook. PepsiCo reported $1.48 in adjusted earnings per share, coming out just under the $1.49 per share LSEG consensus. The company also lowered its full-year projection for adjusted earnings on a constant currency basis, citing the impact of tariffs as one negative factor. American Airlines — The travel stock rose 2.7% after first-quarter results showed a smaller than expected loss. American reported an adjusted loss of 59 cents per share. Analysts surveyed by LSEG were anticipating a 65 cent loss per share. The airline did withdraw its full-year guidance, but the stock has already dropped more than 40% year to date. ServiceNow — The enterprise technology stock rallied 15.5% after ServiceNow posted stronger-than-anticipated earnings for the first quarter. The company’s adjusted earnings of $4.04 per share and $3.09 billion in revenue beat LSEG consensus forecasts of $3.83 earned per share and $3.08 billion in revenue. Lam Research — Shares of Lam Research, which makes components for semiconductor manufacturing, jumped 6.3% after earnings for the company’s third fiscal quarter topped Wall Street’s projections. Lam Research earned an adjusted $1.04 per share on $4.72 billion in revenue, surpassing estimates of $1.01 per share and $4.65 billion of revenue from analysts, per LSEG. UTZ Brands — The snack maker added 1.9% after receiving an upgrade from D.A. Davidson to buy from neutral. D.A. Davison said UTZ Brands has grown its market share despite salty snacks facing volume pressure. Procter & Gamble — The stock fell 4.4% after the consumer goods company reported a third-quarter revenue loss and cut its full-year core earnings-per-share and revenue guidance. Procter & Gamble will likely raise prices due to tariffs, CEO Jon Moeller told CNBC. International Business Machines — Shares dropped 7% even after IBM topped first-quarter earnings and revenue expectations, and reaffirmed its full-year guidance. However, CEO Arvind Krishna warned macroeconomic uncertainty in the near term could cause clients to take a “wait-and-see approach.” — CNBC’s Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon and Sarah Min contributed reporting. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Menu
- Home
- Elements
- Features
- Pages
- Blog
- Portfolio