Categories: Business

Levi Strauss, FuboTV, Honeywell and extra

A man wears clothing by Levis Strauss & Co. during the company’s initial public offering on the New York Stock Exchange (NYSE) in New York, the United States, on Thursday, March 21, 2019.

Jeenah Moon | Bloomberg | Getty Images

Check out the companies that are making headlines in mid-day trading.

Levi Strauss – The retailer’s shares rose 2.6% after the company beat estimates for sales and earnings in the first quarter. Levi’s made 34 cents per share on an adjusted basis and had sales of $ 1.31 billion. Analysts polled by Refinitiv expected the company to make 25 cents on sales of $ 1.25 billion. Results were boosted by the strength of Levi’s digital sales, which grew 41%.

FuboTV – Streaming service increased 12.6% after FuboTV won the exclusive streaming rights to the Qatar World Cup 2022 qualifiers. Ten South American Football Confederation teams will take part in the qualifiers.

WD-40 – The stock rose 9.5% after posting earnings per share of $ 1.24 according to Refinitiv, 8 cents below analyst estimates. Sales also fell short of expectations. The company said supply chain issues were affecting its ability to meet customer demand.

Honeywell – The conglomerate’s shares rose 3.4% after Deutsche Bank upgraded the stock to buy from the hold. After a strong underperformance since the beginning of the year, the German saw an attractive buying opportunity. The bank also pointed to attractive end-market exposures, high quality character and short-term gains.

DraftKings – The sports betting company’s stocks fell 2% after Jefferies named DraftKings a top pick. The Wall Street firm named DraftKings a “top operator” and market leader as states continue to legalize gambling.

Sogou – The internet search company rose 3.8% on Friday after Reuters reported that China’s antitrust authorities were ready to approve Tencent’s plan to take the company private. The $ 3.5 billion deal would allow Tencent to buy the 60% of Sogou that it does not already own.

PriceSmart – The shares of the discounter fell 7.1% after a lack of analyst estimates for the quarterly result. PriceSmart said the pandemic continues to weigh on their business in certain markets.

Bridgetown Holdings – – SPAC, backed by billionaire investors Peter Thiel and Richard Li, fell 2.3% after it was revealed that Indonesia-based travel services company Traveloka would be listed on the stock exchange, according to people familiar with the matter who spoke to Bloomberg.

Boeing – The aircraft maker’s shares fell 1% after U.S. airlines temporarily suspended more than 60 of the company’s 737 MAX jets on Friday. The move came after Boeing asked 16 airlines operating the jet to resolve an issue with the aircraft’s power grid.

Okta – The software company rose 2.4% after BTIG switched its stock to neutral. The company said in a note that demand for Okta’s customer identity business appears to have increased and that competition from Microsoft is not a short-term threat.

– with reports from Yun Li, Jesse Pound and Pippa Stevens from CNBC.

Jimmy Page

MV Telegraph Writer Jimmy Page has been writing for all these 37 years.

Recent Posts

Trump is getting ready drug tariffs of as much as 100%

The Trump administration on Thursday imposed new tariffs on brand-name drugs from drug companies that…

14 hours ago

Trump’s tariffs prompted firms to take out high-interest loans

A Main Street Alliance protester holds a sign in front of the U.S. Supreme Court,…

1 day ago

Jamie Raskin has the right response to Pam Bondi’s firing

House Judiciary Committee Ranking Member Jamie Raskin (D-MD) has been an outspoken critic of Pam…

2 days ago

Meryl Streep on Colin Firth, Pierce Brosnan NSFW Mamma Mia remark

Oh mom, Colin Firth He had to take a moment when he saw his co-star…

3 days ago

Eli Lilly reaches deal to carry AI-developed medication to international market

A drone view shows the Eli Lilly logo on the company's office in San Diego,…

5 days ago

WTI and Brent as merchants assess Trump’s feedback on Iran struggle

A general view of the oil terminal of Kharg Island, 25 km from the Iranian…

5 days ago

This website uses cookies.