JB Hunt, Charles Schwab, Virgin Galactic, 23andMe, etc.

Read Time:2 Minute, 42 Second


Signage at the 23andMe headquarters in Sunnyvale, California, on Wednesday, January 27, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out the companies that made the headlines in midday trading.

JB Hunt Transportation Services — JB Hunt’s stock price rose by more than 9% after the company’s top and bottom lines exceeded expectations in the third quarter. The Arkansas-based shipping company had revenue of $3.14 billion in the quarter and earnings per share of $1.88. Analysts surveyed by Refinitiv expect earnings per share of $1.77 and revenue of $3.01 billion.

Paper stocks-After KeyBanc pointed out that the third quarter carton shipment data released on Friday were flat on an annual basis, the stock prices of paper and packaging suppliers fell the most in the S&P 500 index. International Paper fell nearly 4.8%, and WestRock fell about 3.8%. American packaging companies fell nearly 3%.

Goldman Sachs-After the bank’s third-quarter earnings fell short of expectations, Goldman Sachs shares rose more than 2%. Goldman Sachs reported earnings per share of US$14.93 and revenue of US$13.61 billion. Refinitiv’s data shows that analysts expect earnings per share of 10.18 US dollars and revenue of 11.68 billion US dollars. The company’s investment banking income soared by nearly 90%.

PNC Financial — Although PNC’s third-quarter adjusted earnings per share and revenue exceeded expectations, banking stocks still fell 1.8%. According to StreetAccount’s data, the company’s net interest income in the third quarter was indeed lower than expected.

Charles Schwab — The brokerage company reported quarterly earnings that exceeded analyst expectations, and its stock rose 2.3%. Schwab recorded 84 cents per share, compared to expectations of 81 cents per share, revenue of US$4.57 billion, and revenue of US$4.52 billion.

Virgin Galactic-The space travel company postponed space flight tests until after 2022, and its stock price has fallen by nearly 15%. Bank of America lowered Virgin Galactic’s target stock price from $25 per share to $20 per share, and maintained an underperform rating on the stock, citing the company’s “increased uncertainty and lack of clarity” around the changes.

Corsair Gaming — Corsair’s stock price fell more than 6% after the video game-related peripheral product manufacturer said supply chain issues are affecting sales, but 2021 will still be a “strong year of growth.”

Alcoa—After the company’s third-quarter results were announced, the aluminum producer’s share price rose by more than 14%. Alcoa’s earnings per share were US$2.05, excluding projects with revenue of US$3.11 billion. Analysts surveyed by Refinitiv expect the company’s earnings per share to be $1.80 and revenues of $2.93 billion.

23andMe — After Eric Jackson of EMJ Capital stated that this was one of his stock picks and should be regarded as a treatment company and subscription service, the DNA genetic testing company’s stock price soared by 16%, which may herald the future increase.

— CNBC’s Jesse Pound, Yun Li, Pippa Stevens and Hannah Miao provided reporting

Become a smarter investor CNBC Professional Edition.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Register to start one Try it for free today

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Decline
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

Suggested text: Our website address is: https://updatednews24.com.

Comments

Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

Cookies

Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year. If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser. When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed. If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website. These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

Suggested text: Visitor comments may be checked through an automated spam detection service.
Save settings
Cookies settings