in 2017 A customer walks toward the entrance of CVS Health Corp. on Friday, October 27. store in downtown Los Angeles, California, USA.
Christopher Lee | Bloomberg | Getty Images
Check out Wednesday’s midday trading headline companies.
Gilead Sciences – Shares of the biopharmaceutical company rose 6.6% after quarterly revenue of $6.26 billion. US dollars, reduced by FactSet 5.86 billion. 24.5 billion allocated for the whole year. USD revenue was also better than expected.
CVS Health — Shares of the pharmaceutical giant rose 5.7% after the company. beat Wall Street expectations for the second quarter income. Same-store sales were also up 8% compared to the same period a year ago, as customers bought home Covid test kits and cough, cold and flu medicines.
Electronic art – The video game company rose 4% after reporting adjusted earnings of 47 cents per share, beating Refinitv’s estimate of 28 cents per share in the latest quarter. Net 1.30 billion USD orders also topped $1.26 billion. USD projections, due in part to the strength of EA’s FIFA franchise.
Starbucks — Shares of Coffee Chainsaw rose more than 3 percent after the announcement better than expected quarterly results, despite the Chinese lockdown weighing on its operations. But U.S. net sales rose 9% to $8.15 billion. USD, and same-store sales increased by 3%.
Modern – The vaccine stock jumped 16.7% after Moderna’s second-quarter results easily beat Wall Street estimates. The company reported earnings of $5.24 per share on revenue of $4.75 billion. USD revenue. Analysts polled by Refinitiv had expected earnings of $4.55 per share and revenue of $4.07 billion. USD revenue. Moderna also announced a $3 billion share buyback program.
SoFi Technologies — Stocks are up more than 27% after personal finance. the company posted a beat on the top and bottom linesissued strong full-year revenue guidance and reported a 91% increase in personal loan originations.
Match group – Shares of the dating app operator fell 17% after the company reported $795 million in revenue. Second quarter, compared to StreetAccount’s estimate of $803.9 million. USD. Match also posted weak guidance and announced the departure of Renate Nyborg, CEO of its Tinder division.
Airbnb — Shares of Airbnb fell about 3% after the vacation rental company earned lower than expected income for the second quarter. The company also reported more than 103 million nights and trips booked, the company’s highest quarterly number ever, but lower than StreetAccount’s estimate of 106.4 million.
PayPal — The payments giant’s shares rose 9.4 percent. after better-than-expected second-quarter results and an increase in her prognosis. PayPal also revealed it entered into an information sharing agreement with Elliott Management and announced a $15 billion stock buyback program.
– CNBC’s Jesse Pound and Sarah Min contributed reporting