A look at companies catching the eye in midday trading: DR Horton – Shares soared more than 12% after the company’s third-quarter results beat Wall Street expectations. The homebuilder posted earnings of $4.10 per share on revenue of $9.97 billion. Analysts surveyed by FactSet had expected earnings of $3.75 per share on revenue of $9.61 billion. The company also approved a $4 billion share repurchase program. Domino’s Pizza – The pizza retail chain plunged nearly 13% after mixed second-quarter results. Domino’s reported earnings of $4.03 per share, beating the $3.68 expected by analysts surveyed by LSEG. But revenue, at $1.1 billion, was in line with expectations. The company also reported U.S. same-store sales slightly below expectations.Beyond Meat – Shares fell nearly 11% after The Wall Street Journal reported, citing people familiar with the matter, that the alternative meat maker has begun talks with bondholders to restructure its balance sheet. Infosys – U.S.-listed shares jumped more than 8% after first-quarter results beat expectations. The digital services company also raised its full-year revenue growth outlook. United Airlines – The airline rose 1% after it said second-quarter profit rose 23% on rising travel demand. But its third-quarter outlook was disappointing. United now expects adjusted earnings of $2.75 to $3.25 per share, below the $3.44 expected by analysts surveyed by LSEG. Discover Financial Services – Shares rose 3.5% after second-quarter results beat expectations. The banking and payments company posted earnings of $6.06 per share on revenue of $4.54 billion. Analysts surveyed by LSEG had expected earnings per share of $3.07 on revenue of $4.17 billion. Warner Bros. Discovery – Shares rose nearly 5% after a Financial Times report said the company was considering options to boost its shares. The company is considering options such as spinning off its streaming and film studio businesses, according to people familiar with the matter. Blackstone – Shares rose more than 1% despite the company reporting second-quarter earnings that fell short of expectations. Blackstone reported distributable earnings per share of 96 cents on segment revenue of $2.52 billion. Analysts surveyed by LSEG had expected earnings per share of 98 cents on revenue of $2.62 billion. In an earnings conference call with analysts, the company expressed optimism about the current real estate environment, despite challenges in office space. Cintas – Shares rose nearly 6% after fourth-quarter earnings results beat expectations. Cintas Airlines earned $3.99 per share, below the $3.79 expected by analysts surveyed by FactSet. Quarterly revenue of $2.47 billion was also in line with expectations. Alaska Airlines Group — Shares fell more than 6% after the company missed second-quarter earnings expectations. Alaska Airlines also cut its full-year earnings outlook to $4.50 per share from $3.50. Analysts surveyed by FactSet had expected earnings of $4.52 per share. Kinder Morgan — Shares rose about 3.5% after the company increased its dividend, masking mixed quarterly results. Taiwan Semiconductor — U.S.-listed shares fell more than 2% despite the company reporting better-than-expected second-quarter earnings results.
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Monday, May 12
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By u1news-staff
