Check out the companies making headlines in midday trading. Cardinal Health â The health care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal year 2025. The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts polled by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion, meanwhile. Boeing â Shares gained 3.4% after the plane maker agreed to a new negotiated contract with its machinists’ union in an effort to bring an end to a seven-week-long strike, with a vote on the proposal set for Monday. The contract would raise worker pay by 38% over the next four years, up from a previous offer of 35%. Intel â Shares popped 9% after the chipmaker topped third-quarter earnings estimates and shared upbeat quarterly guidance. The company posted adjusted earnings of 17 cents per hare on $13.28 billion in revenue. Amazon â The e-commerce stock surged more than 6% on third-quarter results that beat analyst expectations. The company’s cloud segment, Amazon Web Services, grew 19% year over year for the quarter. Apple â Shares dropped roughly 1.5% even after the iPhone maker exceeded top- and bottom-line estimates for the fiscal fourth quarter. Apple’s net income declined during the quarter, however, as the company paid a one-time charge connected to a tax decision in Europe. Atlassian â The software company surged 19% after it reported better-than-expected quarterly results for the fiscal first quarter. Atlassian earned 77 cents per share, excluding items, on revenue of $1.19 billion, while analysts polled by FactSet had forecasted 64 cents per share and $1.16 billion in revenue. Atlassian also lifted its full-year revenue growth forecast. Trump Media & Technology Group â The stock dropped 12%, extending its heavy losses from the previous trading session as investors sell the highly volatile shares ahead of the upcoming presidential election. The company, which is majority-owned by former President Donald Trump, also dropped more than than 22% on Wednesday. Charter Communications â Shares soared more than 13% after Charter reported adjusted third-quarter EBITDA of $5.65 billion, exceeding estimates of $5.59 billion from analysts surveyed by FactSet. The telecommunication company’s quarterly revenue came out at $13.80 billion, also higher than expectations of $13.66 billion. Abbott Laboratories â The health care stock popped 5% after a jury Thursday found the company not liable in a lawsuit over its baby formula. There are a number of similar cases still pending against Abbott. Super Micro Computer â Shares of the artificial intelligence server maker shed 8%. Friday’s losses stacked brought the company’s week-to-date loss to 41.5% loss. The sell-off has been fueled by Ernst & Young resigning as its auditor due to concerns over its accounting practices and the independence of its board. Avis Budget â The car rental stock surged 20%, reversing course after seeing declines in extended trading. Avis posted $6.65 in earnings per share on revenue of $3.48 billion, missing than the consensus forecasts of $8.18 a share and $3.53 billion from analysts polled by LSEG. Chevron â Shares rose more than 2% on the heels of the oil giant’s better-than-expected third-quarter results . Chevron also returned a record of more than $7 billion to shareholders in the quarter through buybacks and dividends. â CNBC’s Alex Harring, Brian Evans, Michelle Fox Theobald, Sean Conlon and Samantha Subin contributed reporting.
