Stocks with the biggest moves at noon: Salesforce, Darden, BlackBerry and more

0
6

Salesforce Co-CEO Marc Benioff speaks at the opening of the Salesforce Tower in San Francisco in May 2018.

David Paul Morris | Bloomberg | Getty Images

Here are the actions that make the headlines of the midday exchanges.

Salesforce – The software company rose 6.4% at midday after raising its revenue forecast for the year 2022 to between $ 26.25 billion and $ 26.35 billion. Analysts were expecting $ 26.31 billion. The company also gave a 2023 revenue forecast of $ 31.65 billion to $ 31.80 billion.

Darden Restaurants – Parent company Olive Garden climbed more than 6% at midday after reporting earnings of $ 1.76 per share, higher than forecast of $ 1.64 per share, according to Refinitiv. The company said 27% of its quarterly sales at Olive Garden were off-site, showing that its take-out business still accounts for a large part of the business even after health restrictions were lifted for many restaurants across the country. .

ALSO READ  Ford asks unionized and salaried workers to submit immunization status

BlackBerry – Shares of BlackBerry jumped more than 13% after the software company’s quarterly financial results beat Wall Street expectations. According to Refinitiv, BlackBerry reported a loss of 6 cents per share, while analysts expected a loss of 7 cents per share. The company had sales of $ 175 million, beating estimates of $ 164 million.

KB Home – Shares of the homebuilder rose 2.1% despite the lack of estimates from the company on top and bottom results for the third quarter. The revenue forecast was also lower than expected, according to StreetAccount, but Wedbush Securities said in a note that forecast details could cause analysts to raise earnings estimates.

Norwegian Cruise Line Holdings, Carnival Cruise Line – Norwegian gained more than 6%, while Carnival rose 5.9% amid a vast shift in risk in the stock market. Carnival also announced that it is on track to return to 50% of its fleet capacity by the end of October, bringing it closer to its previously stated target of 65% by the start of next year. .

ALSO READ  Regulator approves powerships in South Africa

Joby Aviation – Shares of the air taxi start-up jumped 7.9% after Morgan Stanley launched cover for the stock with an overweight stance. The investment firm said in a memo that Joby appears to have a head start in getting its developing vehicles certified by regulators over its competitors.

Liberty Global – Shares of the telecommunications conglomerate rose 4% after Jefferies leveled the stock to buy retainer. The investment firm said in a note that it expects a significant increase in cash flow for Liberty over the next three years.

Roku – Shares of the streaming service gained 3% after Guggenheim improved the stock to buy neutral. The Wall Street firm said Roku’s international expansion and improved advertising tools should help complement the company’s core business.

ALSO READ  The new driver's license centers in Gauteng will remain open on weekends - and until 9:00 p.m.

Biogen – Biotech stock rose about 2% after Needham launched a cover on the stock with a buy note. The company is optimistic about Biogen’s controversial Alzheimer’s drug, Aduhelm, saying it will be a blockbuster for the company in the long run.

Fisker – The electric automaker’s share rose more than 6% after Tudor Pickering launched the stock cover with a buy rating of $ 19 per share. The investment company said its rating was based on assumptions of production and sales, partnerships and meeting schedule targets on development milestones.

Become a smarter investor with TBEN Pro.
Get stock picks, analyst calls, exclusive interviews, and access to TBEN TV.
Register to start a free trial today.

.