An exterior presumption of the Oracle Field Office astatine Wilson Boulevard successful Arlington, Virginia, October 18, 2019.
Tom Brenner | Reuters
Check retired the companies making headlines successful midday trading.
Oracle – The tech company's shares slid 3.7% aft Oracle's first-quarter revenue missed expectations. The institution reported income of $9.73 billion, which was abbreviated of the $9.77 cardinal analysts surveyed by Refinitiv predicted. Oracle earned $1.03 per stock connected an adjusted ground during the period, which was up of the 97 cents the Street expected.
Angi — Shares of the location services marketplace jumped much than 6% aft it reported its August metrics, which showed its gross for the period jumped 21% leap from the erstwhile year. Angi owns Angie's List, HomeAdvisor and HomeStars, among different brands.
Fox Corp. — The media firm's shares fell 1.7% aft quality that the institution finalized a woody to get personage quality level TMZ from AT&T's WarnerMedia unit. The companies did not disclose presumption of the deal, but The Wall Street Journal reported that TMZ is being valued astatine little than $50 million.
Herbalife Nutrition — Shares of the wellness supplement institution dropped implicit 17% aft Herbalife lowered its guidance for the 3rd quarter, citing softer-than-expected income activity. The institution present expects adjusted net per stock of $1.00 to $1.20, which is 5 cents little connected each extremity than anterior guidance.
Southwest Airlines — Airline stocks moved little successful midday trading arsenic economical reopening names weakened. Southwest ticked implicit 1% lower, and Delta Air Lines mislaid 1.5%. United Airlines dropped astir 2%. Additionally, Southwest President Tom Nealon is retiring from the bearer effectual immediately. His departure comes 3 months aft CEO Gary Kelly announced helium would discontinue successful January and named longtime Southwest enforcement Bob Jordan arsenic his successor.
General Electric — Stocks tied to the economical reopening fell successful midday trading. General Electric led concern shares into the red, dropping 2.7%.
SeaChange International — Shares of SeaChange roseate 6.5% aft reporting a smaller-than-expected quarterly loss. The video absorption solutions institution mislaid 3 cents per share, smaller than the 9-cent nonaccomplishment anticipated by analysts. Revenue besides topped expectations.
— with reporting from CNBC's Pippa Stevens, Jesse Pound, Tanaya Macheel and Hannah Miao.