Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied 13.5%, while Capri’s stock tumbled 48.9%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission’s case to block Tapestry’s acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter. L3Harris also raised the lower end of its full-year earnings forecast, saying it now expects adjusted earnings in the range of $12.95 to $13.15 per share, compared with a prior forecast of $12.85 to $13.15 a share. Analysts polled by FactSet were estimating $13.04 in earnings per share for the full year. Colgate-Palmolive — The household goods producer fell more than 4% lower despite beating consensus estimates on the top and bottom lines in the third quarter. Colgate posted adjusted earnings of 91 cents per share on revenue of $5.03 billion, while analysts had forecast 89 cents in earnings per share and $5 billion in revenue, per LSEG. Western Digital — Shares of the data storage company surged 4.7% after reporting an earnings beat in the fiscal first quarter. Western Digital posted adjusted earnings of $1.78 per share, versus consensus forecasts for $1.72 per share, according to LSEG. Meanwhile, revenue of $4.1 billion fell slightly short of analysts’ estimate for $4.12 billion. Digital Realty Trust — The real estate investment trust jumped 9.6% after reporting record lease bookings for the third quarter. The company also narrowed its guidance for core funds from operations in the full year, calling for $6.65 to $6.75 per share. Analysts polled by FactSet had expected $6.69 per share. Coursera — Shares of the online course provider declined 9.7%. The company called for fourth-quarter revenue of $174 million to $178 million, versus the $174 million anticipated by the Street, per LSEG. Management cited weak demand and retention trends. Meanwhile, third-quarter results beat expectations on both top and bottom lines. ResMed — The medical equipment manufacturer added more than 7% after topping analysts’ estimates in the fiscal first quarter. ResMed announced adjusted earnings of $2.20 per share on revenue of $1.22 billion. Analysts surveyed by FactSet had called for a profit of $2.05 per share and revenue of $1.19 billion. HCA Healthcare — Shares of the hospital operator declined more than 8%. HCA Healthcare reported revenue of $17.49 billion versus analyst’ estimates for $17.54 billion, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization of $3.27 billion was just slightly short of consensus calls for $3.28 billion. Booz Allen Hamilton — Shares of the defense contractor soared 9.2% after the company raised its full-year earnings and revenue growth guidance. In the fiscal second quarter, Booz Allen Hamilton reported adjusted earnings of $1.81 per share on $3.15 billion in revenue. Analysts polled by FactSet had estimated earnings of $1.47 per share and revenue of $2.97 billion. — CNBC’s Alex Harring, Lisa Kailai Han and Sean Conlon 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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