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Take a look on the firms making headlines in noon trading.
Boeing — Shares of the aerospace huge rose 1.7% after Boeing delivered third-quarter earnings that hang been under what Wall Avenue expected but, total, did no longer feature any contemporary surprises as the firm works via its 737 Max plane crisis. Whereas Boeing’s income slid and the firm gash manufacturing of its 787 Dreamliner program, Credit Suisse mentioned on the complete that “no incremental negative news on MAX would maybe be a relief for most” investors.
CrowdStrike — Shares of application firm CrowdStrike rose 7% after Nomura Instinet initiated protection of the stock with a bewitch ranking. The firm mentioned the cybersecurity firm that it had “superior” proprietary know-how.
Texas Instruments — Shares of the semiconductor name dropped 6% after the firm disregarded income estimates and gave frail steering for the present quarter. Softening quiz as well to the continued trade war proceed to stress gross sales, the firm mentioned.
Six Flags — Shares of Six Flags tanked 11% after posting scandalous third-quarter earnings. The amusement parks operator reported earnings of $2.11 per portion, neatly under the estimated $2.31, in accordance with Refinitiv. Six Flags earned $621 million in income, lacking estimates of $644 million.
Blackstone — Shares of Blackstone jumped 5% after reporting solid third-quarter earnings. The non-public equity firm posted earnings of 58 cents per portion on income of $1.735 billion. Wall Avenue forecast earnings of 53 cents per portion on income of $1.358 billion, in accordance with Refinitiv.
Snap — Shares of social media firm Snap dropped 5% after a frail income forecast raised issues that the momentum the firm constructed up over the first half of of the year may maybe additionally be dwindling.
ServiceNow– Shares of the application firm fell 5% after the firm mentioned John Donahoe, the present CEO, is leaving to replace Mark Parker as CEO of Nike. Bill McDermott, who unbiased at this time stepped down as CEO of SAP, is joining ServiceNow later this year to turn out to be its contemporary CEO.
Eli Lilly — Shares of the pharmaceutical firm fell more than 3% after reporting combined results for the third quarter. EPS got right here in at $1.48, which is 7 cents above estimates, but income disregarded expectations, in accordance with Refinitiv. The firm did increase its chunky-year income forecast basically based entirely on energy in its diabetes drug as well to a decrease tax bill.
Alexion Prescribed capsules — Shares of Alexion rose 6% after beating on the pinnacle and bottom strains of its third quarter earnings. The pharmaceutical firm earned $2.79 per portion, topping estimates of $2.47, in accordance with Refinitiv. Income additionally beat estimates at $1.263 billion.
Boston Scientific — Shares of Boston Scientific rose 6% after the medical instrument producer reported solid third-quarter earnings. The firm reported earnings of 39 cents per portion, topping estimates of 38 cents, in accordance with Refinitiv. Income got right here in at $2.707 billion, increased than the forecast $2.647 billion.
Anthem — Shares of the insurance protection firm rose 3% after reporting third-quarter earnings that beat Avenue estimates. Anthem reported earnings per portion of $4.87 on income of $26.444 billion. Analysts forecast earnings per portion of $4.82 on income of $25.875 billion, per Refinitiv.
Chipotle — Shares of Chipotle Mexican Grill fell more than 4% despite reporting quarterly earnings that topped analyst expectations. The firm mentioned it earned an adjusted $3.82 per portion. Analysts polled by Refinitiv expected a income of $3.22 per portion. Nevertheless, Chipotle warned its power-via plans may maybe additionally merely lengthen future store openings.
Walgreens Boots Alliance — Shares of Walgreens Boots Alliance ticked 2% decrease following a downgrade to neutral from chubby from J.P. Morgan. The firm mentioned there are higher opportunities for upside in its protection universe.
Norfolk Southern — Shares of the freight railroad firm fell 3% after lacking Wall Avenue’s estimates for its third-quarter earnings. Norfolk Southern reported earnings of $2.49 per portion on income of $2.841 billion. Analysts forecast earnings of $2.59 per portion on income of $2.845 billion, in accordance with Refinitiv.
For more on ServiceNow, survey CEO John Donahoe’s interview on Inflamed Money tonight at 6 p.m. ET.
— CNBC’s Michael Sheetz, Pippa Stevens and Fred Imbert contributed reporting.