Check out the companies making headlines in midday trading. Capital One Financial — Shares rose 4%, reaching a new 52-week high. On Thursday, Capital One posted fourth-quarter revenue of $9.51 billion, while analysts polled by LSEG called for $9.46 billion. Spirit Airlines — Shares of the budget airline tumbled nearly 12% after JetBlue indicated that its $3.8 billion merger with the company may be terminated due to potentially unmet conditions. Meanwhile, JetBlue shares gained 2.3%. Booz Allen Hamilton — Shares soared 12% after the company reported an earnings and revenue beat for its fiscal third quarter, per FactSet. Booz Allen Hamilton also raised its full-year earnings and revenue guidance, and raised its quarterly dividend by 8.5%. CEO Horacio Rozanksi said strong demand and growing headcount are fueling continued momentum. Colgate-Palmolive — The consumer products company rose more than 2% after posting an earnings and revenue beat in the fourth quarter. Colgate-Palmolive’s adjusted earnings of 87 cents per share on $4.95 billion in revenue was higher than the 85 cents per share of earnings on $4.90 billion in revenue expected by analysts polled by LSEG. Intel – The chipmaking stock shed 11% after issuing first-quarter guidance that fell short of Wall Street’s expectations. On Thursday, Intel topped fourth-quarter results on the top and bottom lines but said it expects earnings per share of 13 cents on $12.2 billion to $13.2 billion in sales. LSEG expectations had called for EPS of 33 cents on $14.15 billion in revenue. KLA Corporation — The semiconductor equipment maker fell 5.8% after issuing light fiscal third-quarter guidance. On Thursday, KLA topped Wall Street’s earnings and revenue estimates for the fiscal second quarter, but reported a fall in profits from the previous year. Visa — The stock slipped nearly 2% even though Visa beat estimates on the top and bottom lines in the fiscal first quarter. Shares fell after the digital payments…
Read the full article here
