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UPS, Moderna, Tesla and more

Crates of vials of the Moderna Covid-19 vaccine will be stored at the Kedren Community Health Center in Los Angeles, California on January 25, 2021.

Patrick T. Fallon | AFP | Getty Images

Check out the companies that are making the headlines in midday trading.

UPS – The logistics company slumped nearly 7% after the company’s second-quarter earnings report showed domestic sales fell below estimates. UPS said total U.S. shipments were down nearly 3% year over year, while U.S. parcel revenue fell short of expectations in the second quarter, according to Street Account. However, thanks to continued strong e-commerce orders, the company outperformed both sales and earnings.

Polaris – The automaker’s shares fell 5.8% despite beating consensus estimates in its quarterly earnings report and matching sales projections. Polaris reported lower advertising costs and higher prices, but saw higher costs for raw materials and labor.

F5 Networks – F5 Networks’ shares rose 6.2% after slapping profits in the third quarter. The tech company reported adjusted earnings of $ 2.76 per share, compared with analysts’ estimate of $ 2.46 per share, according to Refinitiv. F5 Networks also posted revenue of $ 652 million versus Wall Street’s forecast of $ 638 million.

Moderna – Moderna is down 2% after the vaccine company reported that some of its manufacturing partners outside the US are facing delays due to recent laboratory testing issues. The problem has been resolved, but has slowed the adoption of vaccines in other markets.

Raytheon Technologies – The aerospace company’s shares rose 2.6% after reporting quarterly earnings of $ 1.03 per share, up 10 cents per share on analyst estimates. The company also beat analysts’ revenue estimates and raised its forecast for the year on the back of the recovery in commercial aviation.

Centene – The healthcare company’s stock fell 3% after reporting earnings of $ 1.25 per share for the second quarter, missing analyst estimates. However, the company beat Wall Street’s revenue projections, reporting $ 31 billion for the quarter.

Stanley Black & Decker – Stanley Black & Decker stocks were down more than 2%, despite the company beating sales and earnings estimates in the second quarter. The toolmaker earned $ 3.08 per share on an adjusted basis, which Refinitiv estimates was above the $ 2.90 analysts had expected. Revenue also exceeded estimates and the company raised its outlook for the full year.

Tesla – The electric car maker wiped out previous profits and fell 1.95% even after an excellent earnings report. Tesla exceeded expectations in both revenue and earnings, surpassing quarterly net income of $ 1 billion for the first time. The stock is down about 10% this year after rallying 740% in 2020.

3M – Industrials slipped nearly 1% despite 3M beating estimates of sales and earnings in its second quarter report. 3M also raised its forecast for full-year revenue growth, but the new projections were only in line with analysts’ expectations.

– CNBC’s Pippa Stevens, Hannah Miao, Yun Li and Jesse Pound contributed to the coverage

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