Here’s a look at the companies making headlines in midday trading: Cardinal Health — The healthcare provider rose 5.5% to hit a new 52-week high after Cardinal beat fiscal first-quarter earnings estimates and raised fiscal 2025 adjusted earnings prospect. Analysts polled by FactSet expected adjusted earnings of $1.62 per share on revenue of $50.9 billion. Boeing Co. – Shares of Boeing Co. rose 3.4% after the planemaker agreed to a new negotiated contract with its machinists’ union to end a seven-week strike and is scheduled to vote on the proposal on Monday. The contract will increase worker wages by 38% over the next four years, up from the previous 35%. Intel — Shares of Intel rose 9% after the chipmaker beat third-quarter profit estimates and shared upbeat quarterly guidance. The company reported adjusted earnings of 17 cents per share on revenue of $13.28 billion. Amazon — The e-commerce stock surged more than 6% after its third-quarter results beat analysts’ expectations. The company’s cloud business, Amazon Web Services, grew 19% annually this quarter. Apple — Shares of Apple fell about 1.5% even though the iPhone maker beat revenue and profit estimates for its fiscal fourth quarter. However, Apple’s net profit fell during the quarter as the company took a one-time charge related to a European tax decision. Atlassian — The software company reported better-than-expected quarterly results for its fiscal first quarter, sending its shares soaring 19%. Atlassian, excluding projects, earned 77 cents a share on revenue of $1.19 billion, while analysts polled by FactSet forecast earnings of 64 cents a share on revenue of $1.16 billion. Atlassian also raised its full-year revenue growth forecast. Trump Media & Technology Group — The stock fell 12%, extending heavy losses from the previous session as investors sold off the highly volatile stock ahead of the upcoming presidential election. The company, which is majority-owned by former President Trump, also fell more than 22% on Wednesday. Charter Communications — Charter surged more than 13% after reporting third-quarter adjusted EBITDA of $5.65 billion, beating analysts’ expectations of $5.59 billion polled by FactSet. The telecom company’s quarterly revenue of $13.8 billion also topped estimates of $13.66 billion. Abbott Laboratories — The health care stock jumped 5% Thursday after a jury found the company not liable in an infant formula lawsuit. Several similar cases are pending against Abbott. Super Micro Computer – The maker of artificial intelligence servers fell 8%. Friday’s loss brings the company’s week-to-date loss to 41.5%. The sell-off was exacerbated by the resignation of Ernst & Young as its auditor over concerns about its accounting practices and board independence. Avis Budget — Shares of the car rental company soared 20%, reversing course after continuing to trade lower. Avis reported earnings of $6.65 per share on revenue of $3.48 billion, missing consensus forecasts of $8.18 per share and revenue of $3.53 billion in a survey of analysts polled by LSEG. Chevron — Shares of Chevron rose more than 2% after the oil giant reported better-than-expected third-quarter results. Chevron also returned more than $7 billion to shareholders through buybacks and dividends this quarter, a record high. —CNBC’s Alex Harring, Brian Evans, Michelle Fox Theobald, Sean Conlon and Samantha Subin contributed reporting.
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