A man wears Levis Strauss & Co. clothes. during the company’s initial public offering on the New York Stock Exchange (NYSE) in New York, USA, on Thursday, March 21, 2019.
Jeenah Moon | Bloomberg | Getty Images
Check out the companies that are making headlines during afternoon trading.
Levi Strauss – Shares of the retailer were up 2.6% after the company beat top and bottom line estimates during the first quarter. Levi’s earned 34 cents a share on an adjusted basis, while reporting revenue of $ 1.31 billion. Analysts polled by Refinitiv expected the company to make 25 cents on $ 1.25 billion in revenue. Results were bolstered by strong Levi digital sales, which grew 41%.
FuboTV – The streaming service rose 12.6% after FuboTV won exclusive streaming rights to the Qatar World Cup 2022 qualifiers. The qualifiers will consist of 10 teams in the South American Football Confederation.
WD-40 – The stock fell 9.5% after reporting earnings per share of $ 1.24, 8 cents lower than analyst estimates, according to Refinitiv. Turnover also missed expectations. The company said supply chain issues hurt its ability to meet customer demand.
Honeywell – Shares of the conglomerate rose 3.4% after Deutsche Bank upgraded the stock to buy off hold. Deutsche said it saw an attractive buying opportunity after a strong underperformance year-to-date. The bank also cited attractive end-market exposures, high-quality character and likely profit growth in the short term.
DraftKings – Shares of the sports betting company fell 2% after Jefferies named DraftKings a top pick. Wall Street firm called DraftKings a “top operator” and leader as states continue to legalize gambling.
Sogou – Internet search business rose 3.8% on Friday after Reuters reported that Chinese antitrust regulators were willing to approve Tencent’s plan to get the company private. The $ 3.5 billion deal would allow Tencent to buy the 60% of Sogou it does not yet own.
PriceSmart – Shares of the discount store fell 7.1% after missing analyst estimates for quarterly earnings. PriceSmart said the pandemic continues to weigh on his business in certain markets.
Bridgetown Holdings The SPAC, backed by billionaire investors Peter Thiel and Richard Li, fell 2.3% after news that it is in advanced talks to make Indonesia-based travel agency Traveloka public, according to people familiar with the matter and speaking to Bloomberg. .
Boeing – Shares of the aircraft manufacturer fell 1% after US carriers temporarily grounded more than 60 of the company’s 737 MAX jets on Friday. The move came after Boeing asked 16 airlines operating the jet to address a problem with the plane’s power system.
Okta – The software company rose 2.4% after BTIG upgraded its stock to buy from neutral. The company said in a note that there appeared to be rising demand for Okta’s customer identity business and that competition from Microsoft did not appear to be a threat in the near term.
– with reports from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.