Pedestrians move in entrance of a GAP retailer in New York.
Scott Mlyn | CNBC
Try the businesses making headlines in noon buying and selling Friday.
American Express — Shares of the fee agency dipped 1.1% regardless of American Categorical topping earnings expectations for the primary quarter. American Categorical reported a revenue of $2.73 per share, versus the Refinitiv consensus estimate of $2.44 per share. Earnings received a lift from spending by millennials and Gen-X customers, the corporate mentioned.
Verizon Communications — Shares of Verizon fell 6.1% after the corporate reported a loss of 36,000 monthly phone subscribers throughout the first quarter, in contrast with a FactSet estimate of a 49,300 loss. Verizon additionally posted earnings and income for the quarter that had been in keeping with Wall Road forecasts.
HCA Healthcare, Universal Health Services, Intuitive Surgical — The health-care sector was beneath strain Friday, with HCA Healthcare as its biggest laggard after reporting disappointing full-year earnings and income steerage. HCA dropped 19%, Common Well being Providers tumbled 13%, and Intuitive Surgical declined about 13%.
SVB Financial Group — Shares for the regional financial institution soared greater than 11% after the corporate reported sturdy earnings. SVB Monetary Group earned an adjusted $6.22 per share, in contrast with a consensus estimate of $5.60 from FactSet. The corporate’s web curiosity revenue additionally beat expectations.
Kimberly-Clark Corporation — Shares for the buyer merchandise firm spiked almost 9% after Kimberly-Clark exceeded earnings expectations. The agency earned $1.35 per share in its most up-to-date quarter, versus consensus estimates of $1.23 per share from Refinitiv. Kimberly-Clark additionally raised its full-year natural gross sales forecast.
Schlumberger — Shares jumped greater than 3% after the oilfield providers producer beat earnings expectations. Schlumberger earned 34 cents per share, versus analyst expectations of 33 cents per share. Schlumberger additionally hiked its dividend by 40%.
Gap — Shares for the retailer fell about 20% after Hole introduced the chief executive officer of its Old Navy business, Nancy Green, is leaving the firm this week. Hole additionally reduce its outlook for web gross sales development this fiscal yr.
— CNBC’s Tanaya Macheel contributed reporting.
