Here are the companies that make up the major companies in midday trading.
Roku – Streaming device maker shares fell more than 3% after Keybank downgraded the company to a “sector weight” rating. The pay firm said that after a nearly 40% increase in the stock last month, “positive fundamentals are reflected in it.” [the] Share price. Keybank said it feels more confident about Netflix, on which it weighs more.
Lemonade – Shares of a new public insurer fell 7% after Credit Suisse began coverage of the stock with an underweight rating. The investment firm said in a note that Lemonade “needs to significantly improve its retention and in turn its consumer acquisition cost ratio efficiency to support current stock price levels.”
United Airlines – Shares of the airline company fell more than 4% on disappointing third-quarter results as the travel industry shunned the coronavirus epidemic. United lost આવક 8.16 per share on revenue of 49 2.49 billion. Analysts had expected a loss of 7. 7.53 per share on revenue of આવક 2.5 billion, according to Refinitive.
Charles Schwab – The e-broker rose more than 3% after beating on the top and bottom lines of its third quarter results. Schwab posted 48 cents per share on 2.45 billion. Analysts are expecting earnings of 46 cents per share on આવક 2.43 billion, according to Refinitive. Schwab added 592,000 new accounts in the third quarter and an average of 1.5 million daily active transactions.
Zoom – Video conferencing company shares rose nearly 4% after raising its 12-month price target on Video Zoom Video from from 228 per share to 11 611 per share. According to Factset, this is the highest target price of any large company. Bernstein “is increasingly booming on operational metrics and new product releases,” Pay The said.
Alcoa – Aluminum stocks fell nearly 6% despite the company reporting better-than-expected third-quarter results. Alkova said in a release that it expects quarter-over-quarter results in the fourth quarter to be flat for its bauxite segment and low for its alumina segment.
BRINKER INTERNATIONAL – Restaurant stock surged more than 6% after being upgraded to outperform the market introduced by BMO Capital Markets. The pay firm said in a note that Chili’s parent company would beat earnings expectations once the epidemic passed.
Sleep Number – Bed maker’s stock surged more than 8% after the company reported quarterly results, beating analyst expectations. Slip No. recorded a profit of 7 1.79 per share on earnings of $ 531.2 million. Analysts expect earnings per share of Rs 1.06 on revenue of Rs 523.5 million by Refinitive. The company also said that its “and online and phone sales” have increased by 111% over the previous year.
Quickly – Cloud computing services provider quickly cut its shares by more than 24% after cutting revenue guidelines in the third quarter, citing a “volatile geopolitical environment” and a decline in consumption of its largest consumer ticket ok. Quick said it now expects sales of 71 70 million to 71 71 million in the third quarter, up from $ 73.5 million to .5 75.5 million over the previous guidance. He also withdrew his full year forecast.
Wagrans – Shares of Walggrines popped up 4% after the drug store chain released better-than-expected earnings guidance. Wagner earned $ 1.02 per share in its fiscal fourth quarter, beating the refinancing estimate of 96 96 cents per share. U.S. Results were boosted by more sales in pharmacies. The company also said it expects a one-digit profit growth in the second half of its fiscal year 2021.
– CNBC’s Eun Lee, Pippa Stevens, Maggie Fitzgerald, Fred Embert and Michael Bloom contributed to this story.
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