Here’s a look at some of the companies making waves in midday trading: CrowdStrike – Shares fell more than 11% after the cybersecurity company’s update caused a major IT outage that affected airlines, hospitals, financial services companies and other businesses. Microsoft shares fell about 1% on news that many Microsoft users around the world were hit with an error screen known as the “blue screen of death.” The outage also boosted shares of CrowdStrike rivals SentinelOne and Palo Alto Networks, which rose about 8% and more than 2%, respectively. Plug Power – Shares of the green energy company plummeted about 14%, on pace to post its fourth consecutive year of losses. Late Thursday, the company announced plans to sell $200 million worth of stock and is currently trading at about $2.50 a share. Comerica – Shares fell about 10.5% after the bank released second-quarter financial results that reflected a decline in net interest income compared to the same period a year ago. Comerica’s net interest income was $533 million, beating the $530.5 million expected by analysts surveyed by FactSet, but still lower than a year ago. Comerica CEO Curtis Farmer said high interest rates are squeezing deposits in banks. Hawaiian Electric – Shares soared more than 37% after Bloomberg News reported late Thursday that the company had joined a tentative agreement to pay more than $4 billion to settle hundreds of lawsuits related to last year’s Maui wildfires. The agreement reportedly has not yet been finalized. Intuitive Surgical – Shares soared more than 9% after the company reported second-quarter results that beat Wall Street expectations. Intuitive Surgical posted adjusted earnings per share of $1.78 on sales of $2.01 billion. This beat analysts surveyed by LSEG’s expectations of $1.54 earnings per share and $1.97 billion in revenue. American Express – Shares fell nearly 3% after the financial company reported mixed quarterly results for the second quarter. American Express’s revenue was $16.33 billion, below the $16.59 billion expected by analysts surveyed by LSEG. On the earnings side, the company posted adjusted earnings of $3.49 per share for the period, beating analysts’ expectations of $3.24 per share. SLB – Shares rose nearly 2% after the oil services company reported adjusted earnings per share of 85 cents for the second quarter. This beat analysts surveyed by LSEG’s expectations of 83 cents per share. SLB also reported revenue of $9.14 billion, beating the consensus estimate of $9.08 billion. Travelers: Shares fell nearly 8% after the insurer reported mixed second-quarter results. Travelers reported adjusted earnings per share of $2.51, beating the consensus estimate of $1.98 per share, according to analysts surveyed by LSEG. But revenue was just $11.12 billion for the quarter, compared with the $11.34 billion analysts had expected. Fellow insurer WR Berkeley, which is due to report earnings on Monday, also fell more than 8%. Arm Holdings: The chipmaker rose more than 3% after Morgan Stanley upgraded Arm shares to overweight from equal weight. Morgan Stanley said Arm’s products are critical to the success of edge artificial intelligence. Halliburton: Shares of the oil drilling company fell 5.6%. The company’s sales of $5.83 billion were below the $5.95 billion expected by analysts surveyed by FactSet. Earnings of 80 cents per share were in line with consensus estimates. Huntington Bancshares – The regional bank rose about 4%. Huntington reported second-quarter profit of 30 cents per share on $1.82 billion, slightly beating analysts’ expectations of 28 cents per share on $1.81 billion in profit, according to FactSet. CNBC’s Ha-Kyun Kim and Pia Shin reported.
CRWD, plug, CMA, etc.
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