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A man wears Levis Strauss & Co.'s clothing during his initial public offering on the New York Stock Exchange (NYSE) in New York, United States on Thursday, March 21, 2019.
Jeenah Moon | Bloomberg | Getty Images
Discover the companies that make the news in the midday:
Levi Strauss – Jeans maker Levi Strauss lost more than 12% of the shares after the company announced that sales growth would slow in the second half due to weakness in its wholesale business. Levi also announced a 17% drop in its quarterly adjusted earnings. The clothing company quotes a strong dollar, increased marketing expenses and investments in its online business for weak results.
Helen of Troy – Helen of Troy shares rose more than 12% after the home and beauty products company beat first-quarter earnings. Helen of Troy has also raised its earnings per share and sales figure for the year.
Tesla – Telsa shares rose 2% after a Bloomberg report announced that the electric automaker would increase production at its California plant. Tesla president, the automotive industry, Jerome Guillen, reportedly said in an email that the company had "set new records in all production lines in terms of performance and efficiency" in the second quarter of the year. this year.
Mylan-Mylan lost more than 4% after Bloomberg announced that the lack of treatment for allergic reaction by the pharmaceutical company EpiPen was a problem for patients and pharmacists. EpiPens have been hard to find since May 2018, Bloomberg said.
Micron – Micron's shares have risen more than 3% after the company announced a debt offer as the chip maker announced plans to use it to finance the purchase of the minority stake in the company. 39, Intel in the semiconductor company IM Flash Technologies.
WD-40– WD-40 shares rose more than 10% after the household chemical manufacturer reported better-than-expected results in the third quarter. The company announced earnings per share of $ 1.30 on a $ 114 million business figure. Analysts have estimated earnings per share at $ 1.26 on a $ 109.4 million business figure, according to FactSet. The company cited increased sales in Asia, Europe, the Middle East and Africa for solid results.
Comcast – Comcast shares rose more than 1% after Goldman Sachs upgraded the media company's shares to buy and maintained its price target of $ 44 to $ 54. The bank is well positioned to "maintain double-digit growth" in earnings over the next five years.
Deere- Deere shares fell by more than 1% after UBS demoted the stock by making it neutral to purchase, claiming that it was forecasting a moderate demand for machinery until 2019.
MSC Industrial Direct – The shares of MSC Industrial Direct fell by more than 4% after the industrial equipment distributor announced disappointing results for the third quarter. The company earned $ 1.44 a share, while analysts estimated earnings per share at $ 1.49, according to FactSet. Revenues reached $ 866.5 million, with no Wall Street estimate of $ 882 million.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.
– with reports from Millika Mitra from CNBC.
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