Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and more
Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied 13.5%, while Capri’s stock tumbled 48.9%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission’s case to block Tapestry’s acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter. L3Harris also raised the lower end of its full-year earnings forecast, saying it now expects adjusted earnings in the range of $12.95 to $13.15 per share, compared with a prior forecast of $12.85 to $13.15 a share. Analysts polled by FactSet were estimating $13.04 in earnings per share for the full year. Colgate-Palmolive — The household goods producer fell more than 4% lower despite beating consensus estimates on the top and bottom lines in the third quarter. Colgate posted adjusted earnings of 91 cents per share on revenue of $5.03 billion, while analysts had forecast 89 cents in earnings per share and $5 billion in revenue, per LSEG. Western Digital — Shares of the data storage company surged 4.7% after reporting an earnings beat in the fiscal first quarter. Western Digital posted adjusted earnings of $1.78 per share, versus consensus forecasts for $1.72 per share, according to LSEG. Meanwhile, revenue of $4.1 billion fell slightly short of analysts’ estimate for $4.12 billion. Digital Realty Trust — The real estate investment trust jumped 9.6% after reporting record lease bookings for the third quarter. The company also narrowed its guidance for core funds from operations in the full year, calling for $6.65 to $6.75 per share. Analysts polled by FactSet had expected $6.69 per share. Coursera — Shares of the online course provider declined 9.7%. The company called for fourth-quarter revenue of $174 million to $178 million, versus the $174 million anticipated by the Street, per LSEG. Management cited weak demand and retention trends. Meanwhile, third-quarter results beat expectations on both top and bottom lines. ResMed — The medical equipment manufacturer added more than 7% after topping analysts’ estimates in the fiscal first quarter. ResMed announced adjusted earnings of $2.20 per share on revenue of $1.22 billion. Analysts surveyed by FactSet had called for a profit of $2.05 per share and revenue of $1.19 billion. HCA Healthcare — Shares of the hospital operator declined more than 8%. HCA Healthcare reported revenue of $17.49 billion versus analyst’ estimates for $17.54 billion, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization of $3.27 billion was just slightly short of consensus calls for $3.28 billion. Booz Allen Hamilton — Shares of the defense contractor soared 9.2% after the company raised its full-year earnings and revenue growth guidance. In the fiscal second quarter, Booz Allen Hamilton reported adjusted earnings of $1.81 per share on $3.15 billion in revenue. Analysts polled by FactSet had estimated earnings of $1.47 per share and revenue of $2.97 billion. — CNBC’s Alex Harring, Lisa Kailai Han and Sean Conlon contributed reporting. This post has been syndicated from a third-party source. View the original article here.
