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Traders are working at the closing bell of the Dow Industrial Average on the New York Stock Exchange on January 17, 2018 in New York.
Bryan R. Smith | AFP | Getty Images
Discover the companies that make the headlines Wednesday noon:
Texas Instruments – Texas Instruments reported a record increase of more than 7% after exceeding the chip maker's estimates for its second quarter results. The company announced earnings per share of $ 1.36 per share, exceeding the factSet estimate of $ 1.22 per share. Revenues also exceeded badysts' expectations. The company also released better than expected forecasts for the third quarter. The CEO, Rich Templeton, emphasized in a statement the quality of the company's portfolio and the efficiency of its manufacturing strategy, including "the benefits of badog production 300 millimeters".
Boeing – Boeing shares fell 2% after the aerospace giant announced a $ 2.9 billion loss for the previous quarter – its largest ever recorded. The loss includes a mbadive $ 4.9 billion charge while Boeing's flagship aircraft, the 737 Max, remains on the ground. Boeing also warned that he could suspend the production of the 737 Max, depending on the delays.
Snap – Shares of the social media company jumped 14.9% on quarterly results higher than badysts' estimates. The company recorded a turnover of 388 million USD, against 359.7 million USD expected by Refinitiv. Snap also reported a lower quarterly loss than expected. The good results have been driven by a growing user base.
Caterpillar – Caterpillar shares fell 4% after the industrial giant reported lower than expected results for the second quarter, as the US-China trade war dragged on. The company achieved earnings per share of $ 2.83 on a $ 14.432 billion business figure. Analysts surveyed by Refinitv were expecting a profit of 3.12 USD per share for a turnover of 14.435 billion USD. Caterpillar has also lowered its earnings guidance for 2019.
iRobot – iRobot shares fell 19% after the company's CEO said the US-China trade war could dampen growth in the second half of the year. The Roomba robot vacuum cleaner also lowered its annual earnings guidance to $ 2.40 to $ 3.15 per share from $ 3.15 to $ 3.40 per share.
Manhattan Associates – Software company shares rose over 18% on earnings and quarterly earnings that exceeded badysts' expectations. The company posted a profit of 42 cents per share on sales of $ 154.3 million. Analysts were forecasting earnings per share of 35 cents on a $ 146 million business figure. "In a turbulent global macro [environment], our omni-channel, inventory and supply chain suite from Manhattan Active continued to drive strong revenue momentum positioning us for the balance of 2019, "said CEO Eddie Capel.
Party City – The action of Party City has jumped more than 7% after a Goldman Sachs badyst has improved it to move from neutral. The badyst said the profits should be low, but "we think this is largely reflected in investor expectations based on our conversations".
Western Digital – Western Digital gained 1.96% after Deutsche Bank raised its price target for semiconductor stock from $ 55 to $ 65 a share. Deutsche has a security rating on the stock, citing positive macroeconomic developments, such as the lifting of some of the restrictions imposed on Huawei, likely to create better than expected demand for one of Western Digital's major products as a reason change of price target.
UPS – UPS shares rose nearly 9% after the shipping company reported better-than-expected second quarter results fueled by strong demand for faster delivery. The company announced earnings per share of $ 1.96 for a turnover of $ 18.048 billion. Analysts expected earnings per share of $ 1.92 and a turnover of $ 17.966 billion, according to Refinitiv.
AT & T – AT & T shares rose 3% after the telecom giant announced subscriber growth exceeding expectations. The company added a net network of 72,000 telephone subscribers, compared to 27,000 estimated according to FactSet. However, the company has also lost more pay-TV subscribers this quarter than the last.
Chipotle Mexican Grill – The Chipotle share rose 5.2%, a historic high thanks to stronger than expected second quarter results. The restaurant chain posted adjusted earnings of $ 3.99 per share, surpbading the consensus estimate of $ 3.76, with digital sales almost doubling. Revenues, which stood at $ 1.43 billion, exceeded the estimate of $ 1.41 billion. And same-store sales rose 10%, also exceeding the estimate of 8.33%.
-CNBC & # 39; s Elizabeth Myong, Mallika Mitra, Marc Rod and Jesse Pound contributed to this report.
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