{"id":118817,"date":"2021-07-27T17:11:23","date_gmt":"2021-07-27T17:11:23","guid":{"rendered":"https:\/\/fin2me.com\/?p=118817"},"modified":"2021-07-27T17:11:23","modified_gmt":"2021-07-27T17:11:23","slug":"stocks-making-the-biggest-moves-midday-ups-moderna-tesla-and-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-midday-ups-moderna-tesla-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: UPS, Moderna, Tesla and more"},"content":{"rendered":"

Check out the companies making headlines in midday trading.<\/em><\/p>\n

UPS \u2014 The logistics company tumbled over 8% after the company's second-quarter earnings report showed that domestic revenue came up shy of estimates. UPS said the total volume of U.S. deliveries declined almost 3% year over year, while the revenue from U.S. packages in the second-quarter missed expectations, according to Street Account. The company beat on top and bottom lines, however, thanks to continued strength in e-commerce orders.<\/p>\n

Polaris \u2014 Shares of the vehicle maker lost more than 6% despite beating consensus estimates in its quarterly earnings report and matching revenue projections. Polaris reported lower promotional costs and stronger pricing, but experienced higher costs for commodities and labor.<\/p>\n

F5 Networks \u2014 F5 Networks shares jumped 5.7% following a third-quarter earnings beat. The technology company reported adjusted earnings of $2.76 per share, compared with analysts' $2.46 per share estimate, according to Refinitiv. F5 Networks also posted revenue of $652 million versus Wall Street's $638 million projection.<\/p>\n

Moderna \u2014 Moderna is down over 4% after the vaccine provider reported some of its manufacturing partners outside the U.S. are facing delays as a result of recent lab testing issues. The problem has been resolved but has slowed down its vaccine rollout in other markets.<\/p>\n

Raytheon Technologies \u2014 Shares of the aerospace manufacturer rose 3.5% after it reported quarterly earnings of $1.03 per share, above analysts' estimates by 10 cents per share. The company also topped analysts' revenue estimates and raised its full-year forecast as a result of the recovery in commercial air travel.<\/p>\n

Centene \u2014 The health care company's stock dropped by 4% after it reported second-quarter earnings of $1.25 per share, missing analysts' estimates. The company beat Wall Street forecasts on revenue, however, reporting $31 billion for the quarter.<\/p>\n

Stanley Black & Decker \u2014 Stanley Black & Decker shares dipped more than 2% despite the company beating top and bottom line estimates during the second quarter. The tool maker earned $3.08 per share on an adjusted basis, which was ahead of the $2.90 analysts were expecting, according to estimates from Refinitiv. Revenue also beat estimates and the company raised its full-year outlook.<\/p>\n

Tesla \u2014 The electric car maker erased earlier gains and fell more than 3% even after a stellar earnings report. Tesla beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time. The stock has fallen about 10% this year after a 740% rally in 2020.<\/p>\n

3M \u2014 The industrial stock slipped by more than 1% despite 3M beating estimates on the top and bottom lines in its second-quarter report. 3M also raised its full year revenue growth forecast, but the new projections only matched analyst expectations.<\/p>\n

\u00a0\u2014 CNBC's Pippa Stevens, Hannah Miao, Yun Li and Jesse Pound contributed reporting<\/em><\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Check out the companies making headlines in midday trading. 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