Deere’s autonomous 8R tractor
Deere
Check out the companies making the biggest moves midday:
Deere — Shares rose 7.53% after the company reported earnings-per-share of $6.55 for its fiscal first quarter, topping the $5.57 expected by analysts polled by Refinitiv. The agricultural machinery maker’s revenue came in at $11.4 billion, versus the $11.28 billion expected.
Airbnb — Shares of the vacation rental company dropped 8.13%, a day after popping 13.35% on a stronger-than-expected fourth-quarter earnings report. Some Wall Street analysts remained cautious on the stock, citing risks including competition and slower-than-expected consumer adoption of alternative accommodations.
Albemarle — The specialty chemicals company sank 9.67%, a day after gaining nearly 5%. Albemarle reported an adjusted earnings-per-share beat after the bell Wednesday, as well as revenue that was in-line with expectations, per StreetAccount.
Bio-Rad Laboratories — Shares rose 5.99% after the company reported fourth-quarter net income of $827.7 million, after reporting a loss in the same period a year prior. The company’s non-operating margin also increased to 17.4% from 15.7% in the year-earlier period. Still, earnings and revenue missed Wall Street estimates.
Zebra Technologies — Shares dropped 3.26% after the company predicted sales would drop slightly for the full year. CEO Anders Gustafsson said he’s taking a “cautious approach” to the outlook based on an uncertain macro environment. Zebra’s fourth-quarter earnings and revenue, however, topped Wall Street estimates.
AutoNation — The car dealership’s stock gained 11.35% after the company beat fourth-quarter profit and sales expectations. AutoNation reported adjusted earnings of $6.37 per share, versus Refinitiv’s estimate of $5.83. Its revenue of $6.7 billion topped the $6.52 billion expected.
DraftKings — Shares jumped 15.33% after DraftKings reported fourth-quarter results that topped expectations. The sports betting company…
Read the full article here
