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Discover the companies that make the headlines Friday noon:
Beyond meat – Beyond meat shares jumped 30% after plant-based meat substitute maker exceeded expectations in first quarterly report since initial public offering last month . The company announced an adjusted loss of 14 cents per share in the first quarter, lower than the 15 cents expected by Refinitiv. Sales are also expected to more than double this year, as demand continues to grow.
Zoom Video – Zoom shares jumped more than 19% on quarterly earnings above expectations, its first report since its IPO in April. The videoconferencing company reported a profit of 3 cents per share for its first quarter, two cents higher than Refinitiv's estimates. Zoom's business figure more than doubled during the quarter.
Barnes & Noble – Barnes & Noble shares have jumped more than 12% after the group of Elliott Management activists announced Friday its intention to acquire the bookseller for about $ 683 million, including debt. The transaction values Barnes & Noble at $ 6.50 per share.
Citigroup, J.P. Morgan Chase, Bank of America – Banks' shares have fallen overall, as have treasury yields, due to weak employment data. Lower rates can hurt banks' profit margins. Citigroup fell 0.9%. J. Morgan and Bank of America lost 1% and 1.3% respectively.
Norwegian Cruise Holdings – Norweigian Cruise Line shares rose more than 2%, rebounding after losses recorded earlier this week after the tour operator reduced its profit outlook for the full year because of the sudden ban on President Donald Trump to make cruises in Cuba. The Norwegian said Friday that it would alter its routes and offer "substantial" discounts to keep guests in spite of the ban.
Arista Networks – Shares of computer network company Arista Networks fell more than 6% after Morgan Stanley lowered its target price of the stock to $ 300 from $ 300. Morgan Stanley maintained his equal weight rating for Arista.
Guess – Guess shares lost nearly 7% after the clothing maker reported lower-than-expected earnings in the first quarter. Guess said he lost 25 cents a share in the last quarter, 1 cent higher than Refinitv's estimate, while his business figure matched the street forecast. However, the company has been forecasting earnings for the full year ahead of the current consensus.
Caesars Entertainment – Shares of Caesars Entertainment rose 5% after the Wall Street Journal announced that the casino operator was about to partner with rival casino operator Eldorado Resorts, whose shares were more than 2% rise on Friday.
Zumiez – Zumiez shares have jumped more than 14% after the sportswear manufacturer's profits surpbaded Wall Street's estimates. The company announced earnings of 3 cents per share in the first quarter, while Refinitiv forecast a loss of 9 cents per share. He also announced above-average earnings for the quarter.
– Fred Imbert and Maggie Fitzgerald of CNBC contributed to the report.
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