A person wears Levis Strauss & Co. clothes in the course of the firm's preliminary public providing (IPO) on the New York Inventory Trade (NYSE
A person wears Levis Strauss & Co. clothes in the course of the firm’s preliminary public providing (IPO) on the New York Inventory Trade (NYSE) in New York, U.S., on Thursday, March 21, 2019.
Jeenah Moon | Bloomberg | Getty Photographs
Take a look at the businesses making headlines in noon buying and selling.
Levi Strauss – Shares of the retailer jumped 2.6% after the corporate beat top- and bottom-line estimates in the course of the first quarter. Levi’s earned 34 cents per share on an adjusted foundation, whereas reporting $1.31 billion in income. Analysts surveyed by Refinitiv have been anticipating the corporate to earn 25 cents on $1.25 billion in income. The outcomes have been boosted by power in Levi’s digital gross sales, which jumped 41%.
FuboTV – The streaming service jumped 12.6% after FuboTV gained the unique streaming rights to the qualifying matches of the Qatar World Cup 2022. The qualifying matches will characteristic 10 groups within the South American Soccer Confederation.
WD-40 — The inventory tanked 9.5% after reporting earnings per share of $1.24, Eight cents under analyst estimates, in keeping with Refinitiv. Income additionally missed expectations. The corporate stated provide chain points damage its capability to satisfy buyer demand.
Honeywell – Shares of the conglomerate rose 3.4% after Deutsche Financial institution upgraded the inventory to purchase from maintain. Deutsche stated it noticed a lovely shopping for alternative after sharp year-to-date underperformance. The financial institution additionally cited enticing end-market exposures, high-quality nature and certain near-term earnings upside.
DraftKings — Shares of the sports activities betting firm popped 2% after Jefferies named DraftKings a prime decide. The Wall Road agency known as DraftKings a “prime operator” and chief as states proceed to legalize gaming.
Sogou — The web search firm rose 3.8% on Friday after Reuters reported that China’s antitrust regulators have been ready to approve Tencent’s plan to take the corporate non-public. The $3.5 billion deal would enable Tencent to purchase the 60% of Sogou that it does not already personal.
PriceSmart — Shares of the low cost retailer tanked 7.1% after lacking analyst estimates for its quarterly earnings. PriceSmart stated the pandemic continues to weigh on its enterprise in sure markets.
Bridgetown Holdings — The SPAC backed by billionaire buyers Peter Thiel and Richard Li dropped 2.3% on information it’s in superior talks to take Indonesia-based journey providers firm Traveloka public, in keeping with individuals conversant in the matter who spoke to Bloomberg.
Boeing – Shares of the airplane maker fell 1% after U.S. airways briefly grounded greater than 60 of the corporate’s 737 MAX jets on Friday. The transfer got here after Boeing requested 16 carriers who function the jet to deal with {an electrical} energy system problem within the plane.
Okta — The software program firm rose 2.4% after BTIG upgraded the inventory to purchase from impartial. The agency stated in a be aware that there gave the impression to be rising demand for Okta’s buyer identification enterprise and that competitors from Microsoft didn’t look like a near-term risk.
— with reporting from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.