An worker of Tupperware Brands Corporation is astatine enactment connected the accumulation enactment astatine the group's works successful Joue-les-Tours, centre France, connected the time of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo recognition should work JEAN-FRANCOIS MONIER/AFP/Getty Images)
Jean-Francois Monier | AFP | Getty Images
Check retired the companies making headlines successful midday trading.
Tupperware Brands — Shares of Tupperware plunged 42% aft a third-quarter net miss. The shaper of household retention products besides said it whitethorn not beryllium capable to comply with the covenants successful its recognition agreement, "which raises important uncertainty astir the Company's quality to proceed arsenic a going concern," the net merchandise said.
Rogers — The engineering materials shaper saw shares tumble 43% aft a planned $5.2 cardinal merchantability of the institution to DuPont De Nemours was terminated, arsenic the companies were incapable to get clearance from regulators. The woody was archetypal announced Nov. 1, 2021. DuPont's banal roseate astir 4%.
Paramount Global — Shares of the media institution dropped much than 11% aft Paramount's quarterly results missed expectations, arsenic it suffered from cord cutting and a driblet successful advertizing revenue. Paramount said gross for its TV media conception was down 5% to astir $4.9 cardinal compared to the erstwhile quarter, arsenic pay-TV subscriber numbers declined.
Estee Lauder — The cosmetic shaper dropped 8% aft it gave a anemic outlook contempt beating expectations for the quarter. The institution said it was wounded by higher costs, Chinese Covid lockdowns and fluctuating overseas exchange.
Trimble — Shares dropped 7% aft Trimble missed gross expectations successful its third-quarter results. The concern exertion steadfast reported income of $884.9 cardinal compared to a forecast for $911.4 million, according to statement estimates connected FactSet. Trimble reported net per stock that were successful enactment with expectations.
C.H. Robinson — The banal fell 6% aft the proscription and logistics institution reported disappointing gross successful its latest results. CEO Bob Biesterfeld said successful a merchandise that fears of "slowing freight request and terms declines successful the freight forwarding and aboveground proscription markets" played retired successful the 3rd quarter.
Airbnb — The lodging banal fell 10.1% aft the institution reported net per stock that bushed expectations, portion gross came successful enactment with estimates. The apical extremity of the company's fourth-quarter gross guidance, however, came successful beneath immoderate expert estimates, StreetAccount information shows.
Chegg — The acquisition banal surged much than 22.2% aft Chegg bushed estimates connected the apical and bottommost lines for the 3rd quarter. The institution reported adjusted net were 21 cents per stock connected $164.7 cardinal of revenue. Analysts surveyed by Refinitiv expected 14 cents per stock connected $158.3 cardinal of revenue. Adjusted gross borderline and subscribers some grew twelvemonth implicit year.
Clorox — Shares of Clorox slipped 5.3% aft the institution reported quarterly net results that bushed Wall Street estimates, but lone affirmed their full-year guidance adjacent though they person 3 afloat 4th left. The institution it its fiscal archetypal 4th reported adjusted net per stock of 93 cents versus expectations of 75 cents. It besides showed $1.74 cardinal successful revenue, wherever analysts expected $1.69 billion.
Match Group — Shares of the dating app relation climbed 8.4% aft the institution posted higher-than-expected gross for the 3rd quarter, according to StreetAccount. Current 4th guidance for adjusted operating income besides came successful supra StreetAccount's estimates.
Broadridge Financial — Shares fell 6% aft the fiscal exertion institution missed nett and income expectations successful its astir caller quarter. Broadridge Financial Solutions reported net of 84 cents per stock connected gross of $1.28 billion. Analysts were expecting net of 88 cents per stock connected gross of $1.26 billion, according to statement estimates connected FactSet.
CVS Health — Shares were up 3.8% aft the institution bushed expectations connected gross and nett for the astir caller 4th and raised its adjusted full-year guidance.
Boeing — The concern elephantine saw its shares ascent much than 2.4% aft Chief Financial Officer Brian West told investors it expects to make $3 cardinal to $5 cardinal successful escaped currency travel adjacent twelvemonth connected the backmost of a ramp-up successful deliveries of 737 Max and 787 jets.
Electronic Arts — Shares of Electronic Arts roseate 3.2% adjacent aft the video crippled steadfast reported lower-than-expected bookings for its fiscal 2nd quarter. Net income was level twelvemonth implicit twelvemonth contempt a stronger dollar weighing connected the company's bookings. EA besides said the newest FIFA crippled is outperforming the 2022 mentation implicit its archetypal 4 weeks.
Caesars Entertainment — Caesars shares gained 2.5% aft the institution bushed analysts' top- and bottom-line estimates for its latest quarter. The edifice relation besides reported its integer betting concern has turned profitable connected an adjusted ground for the quarter, 12 months up of its target.
Advanced Micro Devices — The chipmaker saw its shares emergence 2% contempt reporting quarterly results and issuing guidance that missed analysts' expectations. Results from each 4 of the company's concern segments were amended than the institution had called in its October informing and Morgan Stanley Wednesday reiterated its overweight rating connected the stock.
— CNBC's Sarah Min, Alexander Harring, Jesse Pound, Yun Li, Michelle Fox and Carmen Reinicke contributed reporting