A man is wearing Levis Strauss & Co. clothing. during the company’s initial public offering (IPO) on the New York Stock Exchange (NYSE) in New York, USA, on Thursday, March 21, 2019.
Jeenah Moon | Bloomberg | Getty Images
Consult the companies that make securities in the trading of lunch.
Levi Strauss – Retailer shares rose 2.6% after the company exceeded upper and lower line estimates in the first quarter. Levi’s earned 34 cents a share on an adjusted basis, while reporting revenue of $ 1.31 billion. Analysts surveyed by Refinitiv expected the company to earn 25 cents on $ 1.25 billion in revenue. The results were boosted by the strength of Levi digital sales, which increased by 41%.
FuboTV – The streaming service increased by 12.6% after FuboTV won the exclusive streaming rights to the qualifying matches of the Qatar 2022 World Cup. 10 teams from the South American Football Confederation will participate in the qualifying matches.
WD-40 – Shares fell 9.5 percent after reporting earnings per share of $ 1.24, 8 cents below analysts’ estimates, according to Refinitiv. Revenues also missed expectations. The company said supply chain issues affect its ability to meet customer demand.
Honeywell – The conglomerate’s shares rose 3.4% after Deutsche Bank updated its shares to buy from the hold. Deutsche said it saw an attractive buying opportunity after a sudden performance from a year to now. The Bank also cited attractive final market exposures, high quality and likely short-term growth gains.
DraftKings – Sports betting company shares fell 2% after Jefferies named DraftKings a top pick. The Wall Street firm has called DraftKings a “top operator” and leader as states continue to legalize gambling.
Sogou – The Internet search company rose 3.8% on Friday, after Reuters reported that China’s antitrust regulators are ready to approve Tencent’s plan to make the company private. The $ 3.5 billion deal would allow Tencent to buy 60% of the Sogou it does not already own.
PriceSmart – Retailer retail shares fell 7.1% after missing analysts’ estimates for its quarterly earnings. PriceSmart said the pandemic continues to weigh on its business in certain markets.
Bridgetown Holdings – SPAC, backed by billionaire investors Peter Thiel and Richard Li, fell 2.3% on news that it is in advanced talks to make public the travel services company Traveloka from Indonesia, according to people familiar with the matter, who spoke with Bloomberg.
Boeing – The aircraft manufacturer’s shares fell 1% after US airlines temporarily landed more than 60 737 MAX aircraft on Friday. The move came after Boeing asked 16 carriers operating the jet to address an issue with the aircraft’s power system.
Okta – The software company rose 2.4% after BTIG updated the stock to buy from neutral. The company said in a note that there appears to be a growing demand for Okta’s customer identity business and that competition from Microsoft does not appear to be a short-term threat.
– with reports from Yun Li, Jesse Pound and Pippa Stevens from CNBC.