Hilton Worldwide Holdings Inc. signage is displayed outdoors one of many firm’s resort areas in San Francisco.
David Paul Morris | Bloobmerg | Getty Photographs
Take a look at the businesses making headlines in noon buying and selling.
Zoom Video — Shares of the teleconferencing firm jumped 4% after KeyBanc upgraded the stock to overweight from sector weight. The funding agency stated in a word that the shift to hybrid work ought to create extra demand for Zoom from company purchasers.
Uber — Shares of the ride-hailing firm fell 3% after CNBC reported SoftBank is promoting about one-third of its Uber stake, in part to cover losses on its funding in Chinese language ride-hailing firm Didi. It is planning to promote 45 million shares, which may have a 30-day lock-up.
Didi — The Chinese language ride-hailing firm noticed its shares leap greater than 11% after it denied a Wall Avenue Journal report that stated it could go private amid scrutiny from Chinese language regulators. Didi went public on the New York Inventory Change in June, and the inventory’s worth has trended downward since Chinese language authorities announced a cybersecurity review of the business.
Yum Brands — Shares of Yum Manufacturers added roughly 6% after the corporate’s second-quarter earnings report beat Wall Street expectations. The corporate reported earnings of $1.16 per share on income of $1.6 billion. Analysts anticipated earnings of 96 cents per share on income of $1.48 billion. Identical-store gross sales elevated in any respect three of its main manufacturers: Kentucky Fried Hen, Taco Bell and Pizza Hut.
Qualcomm — The semiconductor and telecoms firm’s inventory jumped 6% after reporting earnings Wednesday night time. It reported $1.92 per share, beating the consensus estimate by 24 cents. It additionally beat revenue estimates and gave an upbeat forecast. Morgan Stanley confirmed its obese score on the inventory Thursday saying it sees “stunning” upside in chipsets.
PayPal — PayPal shares are down greater than 6%, regardless of beating analysts’ estimates by Three cents, at $1.15 per share, in its second-quarter earnings report Wednesday night. The funds large gave a lower-than-expected outlook and famous that eBay is transitioning off PayPal to its personal cost platform.
Hilton — The resort model’s shares rose 3.5% after the corporate reported quarterly earnings of 56 cents per share, which beat analysts’ estimates by 16 cents. Hilton stated it expects leisure and enterprise journey demand to extend within the again half of the 12 months.
Northrop Grumman — Shares of the aerospace and protection firm rose 1.5% following its earnings report, which confirmed $6.42 per share, 58 cents greater than analysts’ projections, for the second quarter. The corporate additionally beat on income and raised its full 12 months steering.
Facebook — The social media large’s inventory fell 4% after it warned that its income progress could slow in the near term. The corporate beat expectations on the highest and backside traces for its second-quarter report, however its consumer metrics got here in close to Wall Avenue projections.
Ford Motor — Shares of the car firm jumped greater than 3.5% after Ford raised its 2021 outlook after reporting a surprise profit within the second quarter. Nonetheless, its income barely missed expectations as a result of ongoing world scarcity of semiconductor chips, which continues to disrupt the automaker’s manufacturing.
Tesla — Tesla shares jumped 4.5% after Morgan Stanley saved its obese score on the corporate and stated its second-quarter outcomes could also be bearish for the auto business as an entire. Although it might “take a number of years to play out,” it is ready to see the electrical car maker worth completely different merchandise as little as $20,000 and even $10,000 “this decade.”
— CNBC’s Hannah Miao, Yun Li and Jesse Pound contributed reporting
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