Check out the companies making headlines in midday trading. Tesla â Shares declined about 3.5% after the electric vehicle company fell short of third-quarter delivery estimates . Deliveries came in at 462,890, versus a FactSet estimate of 463,310. Nike â The athletic apparel and footwear stock lost nearly 7% after Nike withdrew its full-year guidance and postponed its investor day, which was originally scheduled for November, given an impending CEO change. However, the company posted fiscal first-quarter earnings and revenue that topped Wall Street’s estimates. Humana â The health-care stock plummeted nearly 12% following its preliminary 2025 Medicare Advantage data. Humana said in an 8-K filing that 25% of its total members are currently enrolled in plans rated 4 stars and above for next year. That’s down from 94% in 2024. The company also said that it’s “exploring all available options to mitigate the expected 2026 revenue headwind.” Chinese stocks â Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. JD.com surged more than 4%, rising for a fifth straight day. Another e-commerce name PDD popped nearly 5%. Exchange-traded funds overseas that track Chinese stocks rallied, including a 6% gain for KraneShares CSI China Internet ETF (KWEB), even as mainland markets were shut for a week-long holiday. Harley-Davidson â The stock slipped 4.1% after being downgraded to neutral from buy at Baird. The firm said it sees risks to the motorcycle maker’s third-quarter forecast after dealers reported weak retail activity, excess inventory and caustic sentiment. Lamb Weston Holdings â Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Lamb Weston reported earnings of 73 cents per share on $1.65 billion of revenue. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. Lamb Weston warned demand was soft but announced spending cuts to improve cash flow. Diamondback Energy â Shares rose more than 2% after Barclays upgraded the energy company to overweight from equal weight, citing its $26 billion merger agreement with Endeavor Energy Resources. Conagra Brands â The packaged foods company sank 8% on disappointing fiscal first-quarter results. Earnings per share came in 7 cents short of estimates. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion. â CNBC’s Lisa Han, Yun Li, Jesse Pound, Michelle Fox and Sean Conlon contributed reporting
Add A Comment
About us
Stay informed with our crypto and finance news site. Get the latest updates on digital assets, market trends, and financial news to make informed decisions and stay ahead in the world of finance.
Popular Categories
Best Categories
© 2025 blockwise.info – All rights reserved.