Peloton, Under Armour, Monster Beverage and more

A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO on the Nasdaq Marketplace in New York City, New York, U.S., September 26, 2019.

Shannon Stapleton | Reuters

Find out which companies are making headlines Friday at noon.

Peloton – Shares of Peloton fell more than 6% after the Wall Street Journal reported that the home fitness company was looking for potential investors to take a 15% to 20% minority stake in the field. The company has struggled with post-pandemic demand in addition to brand issues, supply chain challenges and a change in CEO. It will publish its quarterly results next week.

Monster Beverage – Shares rose 4% after Monster Beverage’s first-quarter revenue beat Wall Street estimates. Monster posted revenue of $1.52 billion versus $1.43 billion expected, according to StreetAccount. Earnings per share for the first quarter were slightly weaker than expected.

Cigna – Shares jumped more than 4% after the insurance company’s quarterly earnings beat expectations. Cigna reported earnings of $6.01 per share, versus $5.18 forecast by analysts polled by Refinitiv. The insurance company reported revenue of $44.1 billion, versus consensus estimates of $43.4 billion. Cigna saw growth in its pharmacy benefit management business.

NRG Energy – Shares jumped more than 5% after the company released its latest quarterly figures. NRG Energy posted quarterly earnings of $7.17 per share on revenue of $7.9 billion. However, it was unclear whether these numbers were comparable to FactSet estimates.

Under Armor – Shares of the sneaker and apparel company fell 21.2% after Under Armor reported an unexpected loss and shared revenue below analysts’ estimates as it tried to ride out market problems. the global supply chain. Under Armor also released a disappointing outlook for fiscal 2023.

Illumina — Shares fell 13% despite the biotech company reporting better-than-expected results for the prior quarter. Illumina posted quarterly earnings of $1.07 per share on revenue of $1.223 billion. Analysts polled by StreetAccount had expected earnings of 90 cents per share on revenue of $1.219 billion.

News Corporation – Shares of the media company fell 12% after reporting quarterly results that were mostly in line with expectations. News Corporation reported quarterly earnings of 16 cents per share on revenue of $2.5 billion. Analysts had expected earnings of 15 cents a share on revenue of $2.5 billion, according to StreetAccount consensus estimates.

DraftKings – Shares fell more than 5%, returning a gain earlier in the day. DraftKings posted a loss of $1.10 per share on revenue of $417 million. Analysts polled by Refinitiv had expected a loss of $1.15 per share on revenue of $412 million. DraftKings also raised its full-year revenue forecast in its quarterly report.

– CNBC’s Tanaya Macheel, Hannah Miao and Samantha Subin contributed reporting.

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