A look at the big movers at noon: Accenture — Shares surged 7.3% after the consulting firm said it had booked more than $900 million in generative artificial intelligence bookings in the third quarter, bringing its total to $2 billion for the current fiscal year. Gilead Sciences — Shares of the biopharmaceutical company surged 7.7% after it said its HIV drug lenacapavir was 100% effective in preventing the disease in women in a Phase 3 trial. Trump Media & Technology Group — Shares fell 13.5% after former President Donald Trump’s company said Tuesday that the Securities and Exchange Commission had declared Trump Media’s additional share registration effective. Super Micro Computers — Shares surged 5% after Elon Musk said the company would help his AI company xAI build a supercomputer. Darden Restaurants adjusted earnings per share were $2.65, beating the $2.61 expected by analysts surveyed by LSEG. Revenues of $2.96 billion fell short of the consensus estimate of $2.97 billion. Advanced Micro Devices — Shares rose 4.6% after Piper Sandler named the semiconductor maker its top pick. The company said it has a “positive outlook” for the company entering the second half of the year. Winnebago Industries — Shares of the recreational vehicle maker fell 4% after its quarterly report showed year-over-year revenue and net income declines. Winnebago reported adjusted earnings per share of $1.13 on revenue of $786 million for the third quarter. Analysts surveyed by FactSet had expected $1.31 per share on revenue of $798.3 million. TransUnion — Shares of the consumer credit reporting agency rose 2.6% after being upgraded to buy from neutral by Bank of America. Analyst Heather Barsky cited recent share price declines, which contributed to an attractive valuation, as the reason for the change.Jazz Pharmaceuticals – Shares fell 3.6% after the biotech company’s experimental drug for treating essential tremor failed to show statistically significant improvements for patients compared to a placebo in a mid-stage trial. Commercial Metals – Shares rose 5.6% after the company reported better-than-expected third-quarter earnings. Revenue came in at $2.08 billion, beating the FactSet consensus estimate of $2.02 billion. Profits were in line with expectations. Jabil – Shares fell 8%. Jabil reported better-than-expected profits and revenues in its latest quarterly results. But the electronics component maker cited “softness” in the auto and transportation markets. KB Home – The homebuilder rose 3.5% after reporting better-than-expected second-quarter sales and profits. KB Home posted earnings of $2.15 per share and revenue of $1.71 billion. Analysts surveyed by LSEG had expected earnings per share of $1.80 and revenue of $1.65 billion. The company noted that net orders rose 2% year over year.—CNBC’s Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound and Lisa Han contributed to this report.
GILD, ACN, DJT, AMD, etc.
Services
© 2024 Business Investopedia. All Rights Reserved.