A shopper holding an umbrella walks toward a Kroger grocery store in Louisville, Kentucky, U.S., on Sunday, April 26, 2020.
Stacy Scott | Bloomberg | Getty Images
Check out which companies are making the headlines at midday Thursday.
Kroger Kroger shares rose 12.5% after the grocery chain posted a better-than-expected quarterly report. The company reported earnings of 78 cents per share on revenue of $31.86 billion. Analysts expected earnings of 66 cents per share on revenue of $31.23 billion, according to Refinitiv.
snowflake Software stock jumped 14% after stronger than expected Third Quarter Report. Snowflake said it generated $334.4 million in revenue during the third quarter, up 110% year over year and above Refinitiv’s forecast of $305.6 million. According to FactSet, the company’s product revenue guidance for the fourth quarter and 2022 has exceeded expectations.
Boeing Shares of the aircraft maker jumped more than 5% after China’s aviation regulator cleared the Boeing 737 Max to return to flying on Thursday. This model has been grounded worldwide for over two years after two fatal accidents.
ring jewelry – Signet Jewelers saw its stock drop nearly 30% even after the Better than expected earnings report. The company earned $1.43 per share, 71 cents higher than Refinitiv’s estimate. However, some analysts have expressed concern that Signet’s growth is unsustainable in the coming year.
An apple Apple shares fell 1.5% after Bloomberg reported that the company had informed some of its suppliers there It can slow down demand For iPhone 13 models. She previously expected the initial production target to be lowered in 2022 but said that may not be achieved now.
five below Retail stock gained about 2% after a better-than-expected quarterly earnings and sales report. Five below also posted a 14.8% increase in comparable-store sales, smashing Refinitiv’s consensus estimate of 5.3%.
eight Octa shares added 10.2% after the identity and access management company reported quarterly results. According to Refinitiv, Okta lost 7 cents per share, narrower than the 24 cents per share loss estimated by analysts. The company also released fourth-quarter guidance that was above estimates.
land end Land-end stocks fell 13.2% on lower-than-expected third-quarter earnings. The retailer posted revenue of $375.8 million against StreetAccount’s estimate of $398 million. Lands’ End also released fourth-quarter earnings and revenue guidance below estimates.
general dollar Dollar general stocks fell 3.6% despite the company reporting better-than-expected earnings and returns for the third quarter. However, Dollar General said it expects same-store sales to decline in the current fiscal year. The company also revealed Planning to open 1000 Popshelf stores, targeting the affluent suburban shoppers, by the end of fiscal year 2025.
Simon Real Estate Group – Shares of the mall owner rose 3.1% after that Morgan Stanley reiterated its overweight rating in stock. The company said investors should buy the recent dip in Simon and that the company may raise earnings again soon.
Ford Motor The automaker’s shares rose more than 1% after the company said the F-Series pickup will remain America’s best-selling car for the 40th consecutive year and the industry’s best-selling truck for the 45th consecutive year. The rise came even after Wall Street Wolfe Research lowered the stock For peer performance of superiority. Wolf said Ford’s focus on clean energy vehicles has gone far enough, and he said the stock rally will slow in 2022. Ford shares are up 127% over the year so far.
Uber Uber shares added 5% after that UBS commenced ride-sharing stock coverage with a buy rating. The company said it would love for Uber to improve mobility and profitability.
PVH Tommy Hilfiger’s parent company saw its shares fall 5.4% after reporting lower-than-expected quarterly sales. PVH reported quarterly revenue of $2.33 billion, while analysts expected revenue of $2.41 billion, according to Refinitiv.
CNBC’s Jesse Pound, Tanya Machel, and Yoon Lee contributed reporting.