Logo connected an Apple store is seen successful Arlington, Virginia, January 27, 2022.
Joshua Roberts | Reuters
Check retired the companies making headlines successful midday trading.
Apple — Shares of the tech elephantine jumped much than 5% pursuing a beardown quarterly study that showed its largest azygous 4th successful presumption of gross ever. Apple bushed expert estimates for income successful each merchandise class but iPads. Sales grew much than 11% contempt proviso challenges and the lingering effects of the pandemic.
Robinhood — The banal trading app roseate 7% successful midday trading, after being down much than 14% earlier successful the session. Robinhood gave disappointing first-quarter guidance during its net study but besides said it is investing heavy successful merchandise development.
Visa — The payments elephantine got a astir 8% leap successful its shares aft it reported an adjusted quarterly nett of $1.81 per share, which bushed estimates by 11 cents. It besides reported gross that bushed estimates and topped $7 cardinal for the archetypal time.
VF Corp — The proprietor of apparel brands similar North Face and Vans saw shares descent 4% aft cutting its full-year income forecast successful its quarterly net report, citing transportation delays and idiosyncratic shortages. The institution bushed analysts' estimates connected its quarterly nett and revenue.
Western Digital — Shares of the disk thrust shaper fell much than 6% contempt the institution reporting a bushed connected top- and bottom-line estimates for its latest quarter. It besides issued a weaker-than-expected outlook and said proviso concatenation issues prevented it from afloat gathering beardown demand.
ChargePoint — The EV charging banal surged much than 8% pursuing an upgrade to overweight from JPMorgan. The analysts said successful a enactment that the institution inactive had a agelong imaginable maturation way up and that deficiency of near-term profits should not beryllium a large concern.
Chevron — Shares declined 4% aft the vigor elephantine reported weaker-than-expected quarterly earnings, though its gross exceeded expert estimates. The institution earned $2.56 per stock excluding items, portion analysts had been expecting $3.12 per share.
Caterpillar — The machinery banal fell 6% contempt a fourth-quarter study that bushed estimates connected the apical and bottommost lines. However, the company's operating nett borderline shrank, reflecting higher costs.
Synchrony — Shares fell 5% aft the institution said it sees an summation from existent levels successful nett charge-offs and delinquencies arsenic portion of its quarterly results. The fiscal services steadfast reported net that were successful enactment with Wall Street forecasts.
Mondelez — The snack shaper dipped much than 2% aft the institution somewhat missed net estimates, by a penny per share, successful its astir caller quarterly update. Mondelez said it raised prices during the 4th but that that wasn't capable to offset accrued ingredients and logistics costs.
— CNBC's Jesse Pound, Maggie Fitzgerald and Yun Li contributed reporting.