Shares making the biggest moves at noon: Amazon, P&G, Caterpillar, plus


In this photo illustration an Amazon logo is displayed on a smartphone with bag percentage in the background.

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Find out the companies that make headlines in the midday trade.

Amazon – Amazon shares are down 7.6% after the tech giant’s second-quarter report missed Wall Street revenue estimates for the first time in three years. The company also gave weak guidance in the third quarter. However, Amazon beat earnings, reporting profits of $ 15.12 per share versus analysts ’expectation of $ 12.30 per share, according to Refinitiv. The June quarter reflects the last full quarter of founder Jeff Bezos ’term as CEO.

Procter & Gamble – The consumer goods giant’s shares rose 2% after the company beat analysts ’expectations in its fourth-quarter fiscal earnings report. P&G reported earnings of $ 1.13 per share on revenues of $ 18.95 billion, while analysts forecast earnings of $ 1.08 per share on revenues of $ 18.41 billion. The company warned that pressures on commodity and commodity costs could weigh on future profits.

Caterpillar – The industrial giant’s shares fell 2.7% even after the company reported better-than-expected profits and revenues in the second quarter. Caterpillar beat estimates by 20 cents with adjusted quarterly earnings of $ 2.60 per share, according to Refinitiv. The stock has already increased more than 12% this year.

Chevron, Exxon Mobil – Chevron and Exxon Mobil reported quarterly earnings that exceeded analysts ’expectations, but saw their shares move lower. Shares of Chevron were down 0.8% and shares of Exxon were down 2.3%.

Pinterest – Shares of the social media company shared 18.2% after Pinterest reported that its number of monthly active members decreased in the second quarter. Analysts at JPMorgan and Evercore ISI have dropped the stock market after the report.


Robinhood – New public stock exchange application stock ticked nearly 1% higher in its second day of trading on the Nasdaq. Robinhood fell nearly 8.4% in its IPO on Thursday, after praying at the end of its range.

Ralph Lauren – Retail sales stocks traded higher after the US consumer spending it picked up 1% in June, more than expected. The latest consumer survey from the University of Michigan report it also showed overwhelming consumer sentiment in late July. Shares of Ralph Lauren gained about 3.2%. Shares of PVH – whose brands include Tommy Hilfiger and Calvin Klein – rose 1.1%, while Gap and Under Armor both went even higher.

Capri Holdings – Capri Holdings shares jumped 12.5% ​​after the company reported better quarterly earnings than expected. Capri, whose luxury brands include Michael Kors and Versace, earned an adjusted $ 1.42 per share for their last quarter, well above the consensus estimate of 80 cents. Revenues also exceeded forecasts, and Capri raised its annual forecast for the second time this year.

Gilead Science – Gilead’s stock fell 2.2% after the biotech company’s quarterly earnings report came in ahead of estimates. On Thursday, the company reported a regulated quarterly profit of $ 1.87 per share, 14 cents higher than the estimates. However, Gilead’s top drug sales for HIV fell 2% during the quarter.

Texas Roadhouse – Texas Roadhouse shares are down 6.6% despite the restaurant chain beating 9-cent estimates with quarterly earnings of $ 1.08 per share. However, the company said it expects food costs to continue to rise. Texas Roadhouse said gains Thursday.

Restaurant Brands International – The fast-food company’s shares jumped 5.1% after reporting quarterly earnings of 77 per share, beating Wall Street estimates of 16 cents, according to Refinitiv. A relative of Burger King said digital sales have grown 60% since the same period a year ago and that Popeyes was the only one of his three brands to signal a drop in sales at the same store.

– CNG’s Maggie Fitzgerald, Yun Li, Jesse Pound and Tanaya Macheel helped report

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