Take a look at the companies making headlines in midday trading. Verizon Communications — Shares of the telecom giant rose 1.3% after it reported its strongest quarterly wireless subscriber growth in five years, helped by strong demand for its customizable products such as myPlan. Verizon reported earnings of $1.1 per share last quarter, in line with LSEG’s average estimate. Novo Nordisk — The Danish pharmaceutical company’s U.S.-listed shares rose more than 8%. Novo Nordisk reported positive results from an early-stage trial of its amalcin obesity drug. Twilio — Shares of Twilio rose 22% after the cloud communications software maker made optimistic forecasts for the next few years. Twilio said at an investor event Thursday that its adjusted operating margin will be as high as 22% by 2027. Full confidence in the company ahead of fourth quarter results announcement. Ericsson – U.S.-listed shares of the telecommunications company fell 14% after fourth-quarter profit missed expectations. FactSet data showed that Ericsson’s adjusted EBITA in the fourth quarter was 10.25 billion Swedish kronor, while analysts’ consensus estimate was 10.69 billion Swedish kronor. CSX — Shares fell 2.6% after the railroad reported fourth-quarter revenue of $3.54 billion, missing the $3.58 billion forecast in an LSEG analyst survey. CSX said revenue fell from a year earlier due to lower fuel surcharges and coal revenue. Grindr – The dating app shares jumped 7% after releasing new guidance. Grindr now expects full-year 2024 revenue of $343 million to $345 million, while analysts polled by FactSet had expected $338 million. Texas Instruments — Shares of Texas Instruments fell 6.7% after the semiconductor maker issued disappointing guidance. The company expects earnings per share to be between 94 cents and $1.16, compared with LSEG’s forecast of $1.17 per share. CF Industries — Shares of CF Industries fell 7.4% after JPMorgan downgraded the company to underweight from neutral. The bank expects more downside risks ahead, adding that it expects “higher domestic natural gas prices, a key raw material for the production of nitrogen fertilizers, to cause Consensus to revise down its 2025 and 2026 earnings forecasts.” Intuitive Surgical—The Medical The equipment maker expects adjusted gross margin to be between 67% and 68% in 2025, compared with 69.1% in 2024, sending its shares down 3.5%. Shares rose 5% after the fourth-quarter release. The company also guided for full-year adjusted earnings, which included Wall Street’s consensus estimate. American Express — The credit card processor’s forecast revenue growth in 2025 is slower than in 2024, sending the company’s shares down 2%. GE Vernova – The electric services stock fell 3.5% after Guggenheim downgraded the electric services stock to neutral from buy. Analyst Joseph Osha cited the stock’s recent strong performance and slowdown in upward revisions as reasons for the downgrade. —CNBC’s Michelle Fox, Hakyung Kim, Yun Li, Pia Singh and Samantha Subin contributed reporting.
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