Check stock and the biggest move at noon: Kimberly Clark – the consumer product giant scored around 4% with higher than expected annual guidance. Kimberly Clark expects earnings per share to increase at a low to medium digit percentage, but analysts surveyed by FactSet had expected a contraction of around 2.6%. Marvell Technology – Chipmakers fell by around 6%, lower in the broader high-tech sector. The technology cuts sector SPDR funds (XLKs) by more than 1%. UnitedHealth – The insurance giant has flung over 3%. The company announced Thursday that Wayne Deveydt will take over as Chief Financial Officer. Rocket Company – Mortgage lenders’ shares skyrocketed 13%. Rocket posted second quarter results that surpassed expectations on the top and bottom lines. The company also said it generated $29.1 billion closed drone origination volume over the period, up 18% year-on-year. WW Grainger – Industrial Supply Company saw a 9% decline in stock. Adjusted revenue for the second quarter was $9.97 per share, with fact set consensus estimates of $10.07 per share. WW Grainger also lowered its forecast for adjusted earnings over the year, seeking between $38.50 and $40.25 per share. This decreases from previous estimates of $39 to $41.50 per share. Ingersoll Rand – Air Compressor Manufacturer Slided 11%. Adjusted revenue for the second quarter was 80 cents per share, in line with fact set consensus estimates. Revenue slightly surpassed street expectations, landing at $1.89 billion from a $1.85 billion forecast. Align Technology – Orthodontics Products Company’s shares have rebounded 6%. On Thursday, the announcement would be made that it would adjust 36.6% shortly after the second quarter mistakes on the top line and bottom line and launch a streamlining plan that includes cutting the global workforce. Stock is at a pace to snap a three-day loss. Bright Horizons Family Solutions – Childcare service providers hit the market, rising 10%. Second-quarter earnings of $1.07 per share beat analyst consensus estimate of $1.01, with revenues of $732 million exceeding the street’s $724 million, according to FactSet. Bright Horizons also raised its full-year profit and revenue guidance. Apple-Tech Giant’s shares slipped 2%, overturning previous profits amid a wider sale in technology. Apple is refreshing from its solid revenue report for the third quarter. The company said iPhone sales increased 13% year-on-year, with total revenue rising 10%, marking Apple’s fastest quarterly revenue growth since December 2021. Amazon – Shares fell to more than 7% after dominant online retailers issued disappointing forecasts. Amazon said it expects operating profit for the current quarter to be in the range of $15.5 billion to $20.5 billion. Analysts voted by StreetAccount had estimated $19.48 billion. Moderna – Stocks fell 7% after vaccine makers cut the high-end full-year revenue guidance by $300 million. Modanya defeated second-quarter estimates of revenue and revenue. Reddit – Social media platforms rose 21% after falling below second-quarter revenue expectations. Reddit won 45 cents per share with $500 million in revenue, while Analyst was voted by LSEG and estimated at $426 million at 19 cents per share. Third-quarter guidance calls for revenues of between $535 million and $545 million. DXC Technology – Stocks fell nearly 7% even when information technology service providers posted first quarter revenues and revenues that exceeded expectations. DXC reported a profit of 68 cents per share against $3.16 billion in revenue, but analysts voted on fact sets, predicting revenue of 62 cents per share to $3.08 billion. First Solar – The solar solar technology maker rose nearly 7% after the latest revenue and revenue beat street forecasts. The first Solar reported a profit of $3.18 per share. That’s above the expected $2.65 per share from analysts voted by LSEG. Revenue of $1.1 billion also exceeded the $1.03 billion forecast. Monolithic Power System – Shares rose approximately 11% after the manufacturer of integrated semiconductor power products issued third-quarter sales guidance of $710 million to $730 million. Topgolf Callaway Brands – After CEO Artie Starrs resigned, manufacturers of golf sports goods fell by more than 8%. Starrs is expected to remain at Topgolf until September 2025. Stryker – The stock fell more than 3% as its second quarter earnings and revenue failed to meet the highest estimates on the street. The striker estimated it was hit by $175 million from higher tariffs on goods from China and Europe. Columbia Sportswear Company – Apparel makers fell 12% after forward financial guidance missed analysts’ expectations. Columbia Sportswear expects revenues to rise between $1.00 and $1.20 per share in the third quarter with revenues of $904 million and $922 million, but analysts voted by FactSet supplied pencils with revenues of $936.5 million at $1.31 per share. Coinbase Global – Crypto trading platforms fell 15% after quarter revenue missed forecasts, with the LSEG consensus reaching $1.5 billion compared to the $1.6 billion consensus. Retail trading volume was $43 billion, with a $48.05 billion estimate from analysts voted by StreetAccount being under $485 billion. Eastman Chemical Co. – The Kingsport, Tennessee-based chemical maker slid 20% 20% after a second-quarter earnings of $1.60 per share missed a fact set consensus estimate of $1.73 per share. Revenues of $2.29 billion were also below the expected $2.23 billion. – CNBC’s Sean Conlong, Yun Lee, Sarah Minh, Fred Inbert and Scott Schnipper contributed the report.
Noon stock making the biggest move: AAPL, AMZN, MPWR, RDDT
