Check out the companies that are trending in intraday trading. Ford Motor Co. — The Detroit automaker soared 10.7% after posting a third-quarter profit beat. Ford’s adjusted earnings per share were 45 cents, beating the 36 cents expected by analysts surveyed by LSEG. Revenue came in at $47.19 billion, compared to the consensus estimate of $43.08 billion. Alphabet — The tech giant’s stock soared 2.5% after artificial intelligence company Anthropic and Alphabet’s Google formally announced a cloud partnership. The deal is worth tens of billions of dollars and gives Anthropic access to up to one million of Google’s custom-designed Tensor Processing Units (TPUs). Intel — The chip stock rose 1.1% before giving up gains after the company reported better-than-expected revenue as demand for its core x86 processors for PCs recovered. Advanced Micro Devices — Shares of the chipmaker rose 6.6% after IBM said Friday it could run key quantum computing error correction algorithms on AMD chips, Reuters reported. NEWMONT — Newmont shares fell nearly 4% after the company provided disappointing guidance, weighing on the stock even as the company reported better-than-expected third-quarter results. Newmont’s third-quarter earnings, excluding items, were $1.71 per share, beating FactSet estimates of $1.44 per share. Revenue of $5.52 billion exceeded analysts’ expectations of $5.19 billion. Comfort Systems — HVAC shares soared 15.6% after a better-than-expected third-quarter earnings report and dividend increase. Comfort Systems’ earnings were $8.25 per share and $2.45 billion, compared with analyst estimates compiled by FactSet of $6.29 per share and $2.16 billion, respectively. Deckers Outdoor — Deckers, the maker of Hoka and Ugg, fell 12% after its revenue forecast fell short of expectations. Deckers expects full-year sales of about $5.35 billion, below the $5.45 billion expected by analysts surveyed by LSEG. Alaska Airlines — Shares fell 5% after reporting third-quarter non-item earnings of $1.05 per share, below analysts’ estimates of $1.13 per share according to LSEG. Alaska also reported a technical glitch Thursday night that caused flights to be grounded or cancelled. Coinbase – Shares rose 8% after JPMorgan upgraded the cryptocurrency exchange from neutral to overweight and raised its price target from $342 to $404. The bank cited Coinbase’s consideration of a token launch linked to decentralized finance platform Base and efforts to attract more customers to the exchange’s subscription service Coinbase One as potential catalysts for stock growth. Procter & Gamble — Shares rose 1% after the consumer packaged goods company’s first-quarter results beat Wall Street expectations. Procter & Gamble reported adjusted earnings of $1.99 per share on revenue of $22.39 billion. Analyst estimates compiled by LSEG were for EPS of $1.90 and revenue of $22.18 billion. Boston Beer — Shares rose 6% after the maker of Samuel Adams beer and Twisted Tea beverages reported better-than-expected third-quarter profits and raised its full-year outlook. Third-quarter earnings were $4.25 per share, beating analysts’ expectations for earnings of $3.33 per share, according to FactSet. The company expects full-year earnings, including tariffs, to be in the range of $7.80 to $9.80 per share, exceeding previous expectations of $6.72 to $9.54 per share. Boyd Gaming — Shares fell 5% after the online gaming and casino company reported third-quarter results fueled by the sale of FanDuel stock. Boyd Gaming posted earnings of $1.72 per share on revenue of $1 billion. Analysts polled by FactSet expected earnings of $1.62 per share and revenue of $875.1 million. SLM Corp — Shares of the consumer bank rose 4.6% after the company raised its full-year profit outlook as investors cheered strong buyback activity. However, SLM’s third-quarter earnings per share were 63 cents, below FactSet’s estimate of 80 cents. Beyond Meat — Shares of the alternative meat maker fell 6.5% after Mizuho lowered its price target. The bank said Beyond, which has become a meme stock with volatile recent trading, is facing a weak trend in demand. ALBEMARLE — The chemical manufacturer’s stock rose more than 8% after Wall Street research firm Rothschild & Co. initiated a buy rating on the stock. The company said higher lithium prices will increase Albemarle’s future sales and profit margins. General Dynamics — The aerospace and defense stock rose 1% after the company posted third-quarter earnings of $3.88 a share, beating the $3.70 expected by analysts surveyed by LSEG. General Dynamics’ sales of $12.91 billion also exceeded expectations of $12.57 billion. MNTN — Performance TV software platform provider Citi was upgraded from neutral to buy, sending its stock price up nearly 13%. Citi said it believes MNTN is poised for customer growth and margin expansion. —CNBC’s Sarah Ming, Michelle Fox, Pia Xin, Lisa Kai-Lai Han and Elizabeth Napolitano contributed reporting.
F, GOOGL, ALK, COIN, SAM, etc.
