Check out the companies making headlines in midday trading: Colgate-Palmolive — Shares slipped 4.6% after the household products company reported fourth-quarter revenue that missed analysts’ expectations and forecast weak 2025 sales given negative effects from foreign exchange rates. KLA Corporation — The stock shed nearly 0.6% after the semiconductor company posted a top- and bottom-line beat in the fiscal second quarter. KLA reported adjusted earnings of $8.20 per share on revenue of $3.08 billion. This came above the $7.75 per share and $2.94 billion in revenue that analysts expected, per LSEG. Vertex Pharmaceuticals — The biotech stock jumped 5.3% after the U.S. Food and Drug Administration approved Vertex Pharmaceuticals’ non-opioid painkiller pill. Vertex is the first drugmaker in decades to get U.S. approval for a new type of pain medicine. Vertex’s new pill is a new alternative for pain relief that comes without the risk of addiction. Deckers Outdoor — The Ugg and Hoka parent tumbled about 20.5%. Deckers raised its full-year revenue guidance to $4.9 billion, but it fell short of the $4.93 billion expected by analysts polled by LSEG. Fiscal third-quarter results surpassed Wall Street’s estimates on the top and bottom lines, however. AbbVie — Shares of the pharmaceutical company soared 4.7% after AbbVie beat expectations on the top and bottom lines in the fourth quarter. The company reported adjusted earnings of $2.16 per share, while analysts surveyed by FactSet called for earnings of $2.12 per share. The company also reaffirmed a high single-digit compound annual revenue growth rate through 2029. Atlassian — Shares surged about 14.9%, hitting a new 52-week high , after the software company posted better-than-expected fiscal second-quarter results. For the period, Atlassian posted adjusted earnings of 96 cents per share on revenue of $1.29 billion. Analysts surveyed by LSEG had anticipated earnings of 76 cents per share and $1.24 billion in revenue. Walgreens Boots Alliance — The struggling pharmacy chain saw shares plunge 10.3% after the company announced it will suspend its quarterly cash dividend. Walgreens said in a press release that it is in the middle of “long-term turnaround efforts” and is aiming to fortify its balance sheet by reducing debt and improving free cash flow. Chevron — The oil giant shed 4.6% after it missed on earnings in the fourth quarter. Chevron reported adjusted earnings of $2.06 per share, while analysts had forecast $2.11 per share, according to LSEG. The weakness was attributed to its refining business, which posted its first loss in four years. Meanwhile, revenue came in at $52.23 billion, topping the consensus call for $46.75 billion. Beazer Homes — Shares lost 20% after Beazer Homes posted fiscal first-quarter earnings that were below consensus expectations. Beazer’s earnings of 10 cents per share missed the 31 cents expected by analysts, per FactSet. Its revenue of $468.9 million exceeded the $464.4 million consensus estimate, however. Eastman Chemical — Shares gained 7.5% after the chemicals company exceeded fourth-quarter estimates, reporting adjusted earnings of $1.87 per share, while analysts polled by FactSet were looking for $1.57 per share. The top end of Eastman’s full-year earnings outlook also surpassed consensus expectations. Palantir Technologies — Shares of the defense tech company popped 1.6% to reach a new 52-week high. Palantir is slated to report its quarterly results on Monday. Shares are up more than 420% over the past 12 months. — CNBC’s Sean Conlon, Michelle Fox Theobald and Hakyung Kim contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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