Umair
Check out the companies making headlines in midday trading. Alphabet — Shares sank nearly 8% after the Google parent reported fourth-quarter revenue of $96.47 billion, short of the $96.56 billion expected from analysts polled by LSEG. Alphabet also said it will invest $75 billion in 2025 as it expands its artificial-intelligence strategy, versus the $58.84 billion consensus estimate, according to FactSet. Advanced Micro Devices — The chipmaker tumbled roughly 7% after the company fell short of estimates in its data center segment. AMD posted better-than-expected revenue and profit in the fourth quarter, reporting adjusted earnings of $1.09 a share on revenue of $7.66 billion. That topped estimates of $1.08 a share in earnings on revenue of $7.53 billion, per LSEG. Uber Technologies — The ride-hailing app provider saw shares drop 7% after posting an earnings miss and giving soft guidance. Uber reported EPS of 23 cents, adjusted, for the fourth quarter, lower than the 50 cents per share analysts expected, per LSEG. For its first quarter, Uber said it expects gross bookings between $42 billion to $43.5 billion, compared with StreetAccount estimates of $43.51 billion. Apple — Shares declined 1% after Bloomberg News reported that Chinese regulators were considering starting a formal probe into Apple’s App Store fees and practices. PDD — The Chinese e-commerce platform pulled back more than 3%. Late Tuesday, the U.S. Postal Service suspended incoming packages from China and Hong Kong. The USPS later reversed course later on Wednesday and said it intended to resume receiving packages from those regions. Johnson Controls International — Shares of the conglomerate surged 12%. Fiscal first-quarter results surpassed analyst estimates on the top and bottom lines. Johnson Controls earned 64 cents per share, adjusted, while analysts polled by FactSet forecast 59 cents. Revenue of $5.43 billion also beat the expectations that called for $5.29 billion. Lumen Technologies — The telecommunications stock slipped more than 3% in midday trading. Lumen said that its 2025 adjusted earnings before interest, taxes, depreciation and amortization would range from $3.2 billion to $3.4 billion, below analysts’ call for $3.41 billion, per FactSet. Workday — The cloud applications provider advanced 5% after announcing a restructuring plan to slash its workforce by 8.5%, or roughly 1,750 positions. Chipotle Mexican Grill — Shares slipped 2% after the fast-casual Mexican chain issued soft guidance for its same-store sales growth . Chipotle said that its full-year same-store sales growth would be in the low- to mid-single digits. On the other hand, Chipotle’s adjusted earnings of 25 cents per share in its fourth quarter beat the 24 cents analysts surveyed by LSEG had estimated. Mattel — The toymaker climbed more than 14% after better-than-expected fourth-quarter results. Mattel reported 35 cents per share, excluding one-time items, on revenue of $1.65 billion. Analysts polled by LSEG forecast 20 cents per share on revenue of $1.63 billion. Match — Shares fell more than 7%. The dating platform issued weak guidance for the first quarter, calling for revenue of $820 million to $830 million, while analysts polled by LSEG sought $853 million. Match also appointed Zillow co-founder Spencer Rascoff as its new CEO. Novo Nordisk — Shares gained nearly 5% after the pharmaceutical giant issued fourth-quarter results that topped expectations . The firm reported net profit of 28.23 billion Danish kroner, above the 26.09 billion forecast from analysts polled by FactSet. Full-year net profit of 100.99 billion Danish kroner also surpassed Wall Street consensus estimates that called for 99.14 billion. Electronic Arts — Shares were more than 5% higher after the video game company reported better-than-expected quarterly results. Electronic Arts also said it was planning a $1 billion stock buyback. FMC Corp – The chemical manufacturer pulled back 33% after guidance for the first quarter came in below Wall Street estimates. FMC forecast adjusted earnings in the range of 5 cents to 15 cents per share, while analysts polled by FactSet were expecting 77 cents. The revenue outlook was also bleak, with the company calling for $750 million to $800 million, while analysts sought $957.4 million. Toyota Motor — U.S. listed shares of Toyota jumped about 4% after the auto manufacturer announced plans to form a new company in China that focuses on producing electric vehicles. The company beat revenue estimates from analysts polled by LSEG but third-quarter operating profit trailed analyst estimates . Harley-Davidson — The motorcycle stock slipped 1.3% after fourth-quarter results showed a wider-than-expected loss. Harley-Davidson reported a loss of 93 cents per share on $420.5 million of revenue. Analysts surveyed by LSEG were looking for a loss of 66 cents per share on $464.9 million of revenue. Super Micro Computer , Nvidia – The IT company announced the full production availability of its end-to-end artificial intelligence data center – and it’s powered by Nvidia’s Blackwell platform. Shares of Super Micro jumped nearly 9%, while Nvidia popped more than 4%. — CNBC’s Yun Li, Pia Singh, Michelle Fox, Jesse Pound, Lisa Kailai Han and Hakyung Kim contributed reporting
