Traders work on the floor of the New York Stock Exchange on October 14, 2022, with screens displaying trading information for Kroger and Albertsons Companies.
Brendan McDiarmid | Reuters
Check out the companies that are trending in intraday trading.
Hudson Pacific Properties — California-based commercial real estate firm fell 4.2% After we stop paying dividends on our common stock. CEO Victor Coleman said the move was due to tough market conditions, including the Hollywood strike.
Avid Bioservices — Shares fell 4.7% after the company reported disappointing quarterly results. Avid reported a loss of 3 cents per share for him, matching StreetAccount’s expectations. The company’s revenue was $37.73 million, slightly above expectations.
Planet Labs — The satellite imaging company plunged 17% after reporting higher-than-expected losses in the second quarter. Planet Labs posted an adjusted loss of 14 cents per share on sales of $53.8 million. Analysts surveyed by LSEG, formerly Refinitiv, had expected a loss of 8 cents a share on sales of $54.1 million.
Kroger — The supermarket conglomerate is up 3% on better-than-expected earnings in the second quarter. Kroger posted adjusted earnings of 96 cents per share, beating LSEG’s 91 cents per share forecast. However, second-quarter sales fell short of expectations at $33.85 billion.
DocuSign — Stock fell 2.7% despite higher earnings the day before. DocuSign reported adjusted earnings of 72 cents per share and revenue of $688 million, while analysts surveyed by LSEG forecast adjusted earnings of 66 cents per share and revenue of $678 million. .
Snowflake — Cloud Data shares gained 3.7% after DA Davidson opened a buy rating. The company highlighted Snowflake’s potential benefits from growing demand for artificial intelligence applications.
First Solar — The solar panel maker’s shares rose 1.4% after Deutsche Bank upgraded First Solar from hold to buy, citing continued strong demand for the company. The company said First Solar is at an “attractive entry point.”
RH — Home goods stores slid more than 13% after poor performance in the third quarter. CEO Gary Friedman told shareholders: He expects macroeconomic headwinds to persist through the remainder of 2023, further weighing on the luxury housing market.
Gilead Sciences — Bank of America upgrades share price from Neutral to Buy after Bank of America notes potential drivers including higher-than-expected sales of its HIV/AIDS medicine Gilead rose 3% on Friday after raising its share price. The company said the stock appears oversold in its view, as it has fallen more than 11% so far this year.
— CNBC’s Pia Singh contributed coverage.
