Take a look at the companies making headlines in midday trading. CrowdStrike – The stock fell more than 10% after an update from the cybersecurity company caused a major IT outage affecting airlines, hospitals, financial services companies and other businesses. Microsoft’s stock price also fell slightly after news broke that many Microsoft users around the world were encountering “Blue Screen of Death” error screens. The outage also sent shares of CrowdStrike rivals SentinelOne and Palo Alto Networks higher, up about 9% and 2%, respectively. Plug Power – The green energy company’s shares plunged 13%, posting a fourth straight year of losses. Late Thursday, the company announced plans to sell $200 million worth of stock, currently trading at about $2.50 per share. Comerica – Shares of Comerica fell nearly 11% after the bank reported second-quarter financial results, which reflected a decline in net interest income from a year earlier. Comerica’s net interest income was $533 million, above the $530.5 million expected by analysts polled by FactSet, but still below a year ago. Comerica Chief Executive Curtis Farmer said high interest rates were putting pressure on the bank’s deposits. Hawaiian Electric – The utility has joined a tentative agreement to pay more than $4 billion to resolve hundreds of lawsuits related to last year’s Maui wildfires, Bloomberg News reported late Thursday , the company’s stock price soared 32%. According to reports, the deal has not yet been finalized. Intuitive Surgical — Shares of Intuitive Surgical rose 8% after the company reported second-quarter results that beat Wall Street expectations. Intuitive Surgical reported adjusted earnings of $1.78 per share on revenue of $2.01 billion, above the $1.54 per share on revenue of $1.97 billion expected by analysts polled by London Stock Exchange Group (LSEG). American Express — Shares of American Express fell 3% after the financial company reported mixed quarterly results for the second quarter. American Express reported revenue of $16.33 billion, below the $16.59 billion expected by analysts polled by LSEG. In terms of profit, the company’s adjusted earnings per share for the period were $3.49, which was higher than analysts’ expectations of $3.24 per share. SLB – The oilfield services company reported second-quarter adjusted earnings of 85 cents per share, above the 83 cents per share expected by analysts polled by LSEG, sending shares up 3%. SLB also reported revenue of $9.14 billion, topping the consensus estimate of $9.08 billion. Travelers – Shares of Travelers fell 7% after the insurance company reported mixed second-quarter results. Travelers reported adjusted earnings of $2.51 per share, beating consensus estimates of $1.98 per share, according to analysts surveyed by London Stock Exchange Group (LSEG). Revenue fell, however, to $11.12 billion, while analysts expected $11.34 billion for the quarter. Fellow insurer WR Berkley, which will report results on Monday, also fell 7%. Arm Holdings — Shares of the chipmaker rose 3.6% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said that Arm’s products are the foundation for the successful emergence of edge artificial intelligence. Halliburton – Shares of the oil driller fell more than 4%. The company reported revenue of $5.83 billion, below the $5.95 billion expected by analysts polled by FactSet. Profit per share was 80 cents, in line with consensus expectations. Huntington Bancshares – Shares of the regional bank rose nearly 3%. According to FactSet, Huntington’s second-quarter earnings were 30 cents per share on revenue of $1.82 billion, slightly higher than analysts’ expectations of 28 cents per share on revenue of $1.81 billion. —CNBC’s Hakyung Kim and Pia Singh contributed reporting.
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