Here’s a look at the companies making headlines in midday trading: Cadence Design Systems — The electronics design stock jumped 5% after third-quarter earnings topped Wall Street expectations. Cadence Design earned $1.64 per share (excluding projects) on revenue of $1.22 billion, while analysts polled by LSEG expected earnings of just $1.44 per share on revenue of $1.18 billion. The company also raised its mid-point forecast for 2024 non-GAAP earnings per share. VF Corporation reported adjusted earnings of 60 cents per share on revenue of $2.76 billion, beating the consensus forecast of 37 cents per share on revenue of $2.71 billion by analysts polled by LSEG. The Colorado-based company also declared a quarterly dividend of 9 cents per share. Ford – The automaker fell about 5%. While third-quarter results beat expectations in a survey of analysts polled by London Stock Exchange Group, investors were focused on full-year guidance, which was at the low end of a previously set range. F5 — The cloud services company reported stronger-than-expected fourth-quarter earnings, sending its shares up 10%. F5 reported adjusted earnings of $3.67 per share on revenue of $747 million. Analysts surveyed by London Stock Exchange Group (LSEG) expected revenue of $731 million and earnings per share of just $3.45 for the quarter. Trex — Shares of Trex rose 6% after the maker of composite decking materials beat Wall Street consensus profit estimates. Trex reported third-quarter adjusted earnings of 37 cents per share, compared with analysts’ expectations of just 32 cents, according to FactSet. Revenue of $233.7 million also topped the consensus estimate of $225.4 million. Boot Barn — The suit retailer’s shares fell 8%. Second-quarter profit was in line with Wall Street expectations of 95 cents a share, according to LSEG. Revenues, on the other hand, beat consensus estimates. Boot Barn also said that CEO Jim Conroy will resign on November 22, and digital business chief John Hazen will take over as interim CEO. Conroy will join Ross Stores in December as CEO-designate.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved