Stocks making the biggest moves midday: Amazon, P&G, Caterpillar, more

In this photo illustration, an Amazon logo is displayed on a smartphone with stock market percentages in the background.

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

Amazon – Amazon stocks fell 7.6% after the tech giant’s second-quarter report missed Wall Street’s sales estimates for the first time in three years. The company also gave poor guidance for the third quarter. However, according to Refinitiv, Amazon surpassed earnings, reporting earnings of $ 15.12 per share versus analysts’ expectations of $ 12.30 per share. The June quarter reflected the final full quarter of founder Jeff Bezos’ tenure as CEO.

Procter & Gamble – Shares in the consumer goods giant rose 2% after the company beat analysts’ expectations in its fourth quarter earnings report. P&G reported earnings of $ 1.13 per share on sales of $ 18.95 billion, while analysts expected earnings of $ 1.08 per share on sales of $ 18.41 billion . The company warned that pressures on raw material and freight costs could weigh on future profits.

Caterpillar – The industrial giant’s shares fell 2.7% even after the company reported better-than-expected earnings and sales in the second quarter. Caterpillar beat estimates by 20 cents with adjusted quarterly earnings of $ 2.60 per share, according to Refinitiv. The stock has already risen more than 12% this year.

Chevron, Exxon Mobil – Chevron and Exxon Mobil each reported quarterly earnings that exceeded analysts’ expectations, but their stocks fell. Chevron’s shares were down 0.8% and Exxon’s shares were down 2.3%.

Pinterest – The social media company’s shares fell 18.2% after Pinterest reported that the number of monthly active members shrank in the second quarter. Analysts from JPMorgan and Evercore ISI downgraded the stock after the report.

Robinhood – The shares of the newly public stock trading app ticked nearly 1% higher on its second day of trading on the Nasdaq. Robinhood lost nearly 8.4% on its IPO on Thursday after trading at the lower end of its range.

Ralph Lauren – Apparel retail stocks trended higher after US consumer spending rose 1% in June, more than expected. The latest University of Michigan consumer survey report also showed that consumer sentiment rose slightly in late July. Ralph Lauren’s stock gained approximately 3.2%. The shares of PVH – whose brands include Tommy Hilfiger and Calvin Klein – gained 1.1%, while shares of Gap and Under Armor also rose.

Capri Holdings – Capri Holdings’ shares rose 12.5% ​​after the company reported better-than-expected quarterly earnings. Capri, whose luxury brands include Michael Kors and Versace, earned an adjusted $ 1.42 per share last quarter, well above the consensus estimate of 80 cents. Sales also exceeded forecasts and Capri has raised its annual outlook for the second time this year.

Gilead Sciences – Gilead shares fell 2.2% after the biotech company’s quarterly earnings report was ahead of estimates. On Thursday, the company reported adjusted quarterly earnings of $ 1.87 per share, 14 cents above estimates. However, sales of Gilead’s flagship HIV drug declined 2% in the quarter.

Texas Roadhouse – Texas Roadhouse shares fell 6.6%, despite the restaurant chain beating estimates 9 cents with quarterly earnings of $ 1.08 per share. However, the company believes food costs will continue to rise. Texas Roadhouse reported profits on Thursday.

Restaurant Brands International – The fast food company’s shares rose 5.1% after reporting quarterly earnings of 77 per share, which, according to Refinitiv, beat Wall Street estimates by 16 cents. Burger King’s parent company said digital sales were up 60% from the same point in time a year ago and Popeyes was the only one of its three brands to report a drop in sales in the same store.

– CNBC’s Maggie Fitzgerald, Yun Li, Jesse Pound and Tanaya Macheel contributed to the coverage

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