Check out the companies making headlines in midday trading. Palantir — Shares of the data analytics provider surged more than 24% after the company reported $608.4 million in revenue for the quarter, versus the $602.4 million expected by analysts surveyed by LSEG. Guidance for 2024 was about in line with expectations. Coherent — Shares jumped 17% after Coherent posted stronger-than-expected quarterly results. In its second quarter, the materials company posted earnings of 36 cents per share, greater than the 26 cents per share anticipated by analysts polled by StreetAccount. Revenue of $1.13 billion edged out a consensus estimate of $1.12 billion. GE Healthcare Technologies — GE Healthcare Technologies shares jumped more than 11% following better-than-expected earnings results. In its fourth quarter, the medical technology company reported adjusted earnings of $1.18 per share, more than the earnings of $1.07 per share expected by analysts polled by FactSet. Revenue of $5.21 billion topped the $5.09 billion consensus estimate. Li Auto — U.S.-traded shares of the Chinese electric vehicle maker popped 9% on the heels of a Deutsche Bank upgrade to buy from hold. The bank said shares are at an attractive entry point after recent underperformance. Spotify Technology — Shares of the music streaming company popped 6% after the firm’s price increase and cost-cutting measures helped it narrow losses in the fourth quarter. The number of paid premium subscribers also rose 15% to 236 million in the quarter, beating the FactSet consensus. DuPont de Nemours — The chemicals stock jumped 6% after DuPont de Nemours reported a quarterly profit that came in the top end of its prior guidance, as well as announced a stock buyback and hiked its dividend. In its fourth quarter, the company posted adjusted earnings of 87 cents per share, compared to guidance of 85 cents to 87 cents earnings per share. BP — Shares of the oil giant jumped about 6.4% after BP increased the…
Read the full article here
