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Tag: Lincoln National Corp

  • Shares making the most important strikes after hours: Disney, Mattel, Wynn Lodges, Confirm and extra

    Barbie dolls within the Mattel show at the once a year Toy Truthful in New York.

    Stan Honda | AFP | Getty Photographs

    Take a look at the firms making headlines in prolonged buying and selling.

    Disney — Stocks of the leisure corporate rose greater than 6% after the corporate launched its fiscal first-quarter income document. Disney reported a smaller-than-expected drop in subscribers, in addition to a beat at the most sensible and backside strains. CEO Bob Iger, who returned to the corporate in November, additionally introduced Disney can be slashing 7,000 jobs as a part of a cost-cutting and reorganization plan.

    Mattel — Stocks tumbled 10% after the corporate stated consumers purchased fewer toys this vacation season as upper costs for meals and different prerequisites ended in tighter budgets. Fourth-quarter gross sales fell 22% from the prior 12 months. Earnings and income had been each beneath analysts’ estimates, in step with Refinitiv.

    Robinhood — Stocks rose 5% after Robinhood ignored income expectancies in its newest income document. The company reported $380 million in income, less than forecasts of $397 million, in step with consensus estimates from Refinitiv. As well as, Robinhood stated it will purchase again Sam Bankman-Fried’s stake within the corporate. FTX’s Bankman-Fried disclosed in Might that he bought a 7.6% stake in Robinhood.

    Confirm — The purchase now, pay later finance corporate slumped about 17% in prolonged buying and selling as fiscal second-quarter income and income ignored analysts’ estimates, in step with Refinitiv. CEO and founder Max Levchin additionally introduced layoffs equivalent to 19% of the staff efficient straight away.

    Ceridian — The tool corporate were given a 6.5% spice up in its stocks in prolonged buying and selling after it posted income, except for pieces, that just about doubled analysts’ expectancies and reported better-than-expected income, in step with FactSet. Steering for the primary quarter additionally got here in additional upbeat than analysts’ forecast.

    Lincoln Nationwide — The lifestyles insurance coverage corporate slipped 2.5% in after-hours buying and selling after it issued fourth-quarter effects that got here beneath Wall Boulevard’s expectancies. Lincoln Nationwide posted income of 97 cents consistent with proportion on income of $4.2 billion. Analysts known as for per-share income of $1.83 on income of $4.59 billion, in step with FactSet.

    Wynn Lodges — The resort and on line casino operator’s stocks rose 3%. Even if the corporate reported $1 billion in income for the most recent quarter, in comparison to analysts’ expectancies of $958 million, in step with Refinitiv. It additionally reported an adjusted lack of $1.23 consistent with proportion.

    MGM Lodges — Stocks of the on line casino inventory ticked up 2%. MGM beat analysts’ estimates on fourth-quarter income, posting $3.59 billion in comparison to the $3.35 billion anticipated by way of Wall Boulevard, in step with Refinitiv. Alternatively, the corporate posted a wider-than-expected lack of $1.53 consistent with proportion, as opposed to the $1.36 loss consistent with proportion predicted by way of analysts.

    — CNBC’s Darla Mercado, Christina Cheddar-Berk, Scott Schnipper, Hakyung Kim and Sarah Min contributed reporting.

  • Shares making the largest strikes noon: Meta, Maxar Applied sciences, Ford, Goldman Sachs and extra

    The emblem of Meta Platforms is observed in Davos, Switzerland, Might 22, 2022.

    Arnd Wiegmann | Reuters

    Take a look at the firms making headlines in noon buying and selling.

    Meta Platforms – Stocks of Meta Platforms rose 3.5% after JPMorgan upgraded the social media corporate to shop for and raised its value goal, announcing that headwinds will ease subsequent 12 months.

    Maxar Applied sciences – Stocks of the satellite tv for pc proprietor and operator surged 122% following information that personal fairness company Creation World will achieve the corporate and take it non-public in a deal valued at $6.4 billion, or $53 a percentage. The inventory closed at $23.10 according to percentage Thursday.

    Goldman Sachs — Goldman Sachs stocks slumped 1% amid information that the Wall Boulevard company will minimize as much as 8% of its personnel. The layoffs are slated to come back in January and hit all spaces of the Wall Boulevard company, CNBC reported, mentioning folks aware of the subject.

    Ford — Ford stocks shed 6.2% after the automobile corporate stated it is expanding the bottom value for its F-150 Lightning pickup once more on account of heightened uncooked subject matter prices.

    Adobe — Stocks of the design instrument maker rose greater than 3% after the corporate reported fiscal fourth-quarter income and steering that exceeded analysts’ expectancies. Adobe maintained its forecast for the brand new fiscal 12 months, whilst pronouncing a plan to shop for scorching startup Figma within the quarter.

    Darden Eating places — Darden Eating places dropped 4% in spite of handing over an income and income beat for its fiscal 2023 2d quarter. Then again, it additionally reported benefit margins of 18.6% for Olive Lawn, its biggest preserving, down from 21.6% within the fiscal 12 months 2022 2d quarter.

    New York Occasions — The newspaper inventory fell 3.7% after Morgan Stanley downgraded the title to equivalent weight from obese. The Wall Boulevard company cited contemporary underperformance in internet provides in addition to rising macro headwinds to promoting revenues.

    Accenture — Stocks dropped 5.1% after the consulting company issued a gentle income outlook and famous that the affects of a powerful greenback will weigh on fiscal 2023 effects. Accenture beat best and base line estimates.

    Scholastic — Stocks of the publishing inventory surged 9.7% following a powerful quarterly income record. Scholastic stated its benefit margins expanded right through the duration.

    Lincoln Nationwide — Stocks dropped greater than 4% after Lincoln Nationwide was once downgraded to underperform from hang at Jefferies, consistent with StreetAccount. The funding company stated it expects unfastened money waft at Lincoln Nationwide will stay stressed in 2023 and 2024.

    U.S. Metal — The metal manufacturer’s inventory added greater than 4.5% after sharing better-than-expected steering for the present quarter.

    Power shares — The power sector was once some of the greatest decliners within the S&P 500, falling 2% at the again of falling oil costs. Stocks of Coterra Power and APA Corp. had been every down greater than 4%. Halliburton was once off about 3%. Marathon Oil dropped greater than 2%.

    U.S.-listed China shares — Some China-based shares indexed on U.S. exchanges rose Friday. JD.com and Alibaba stocks rose greater than 1% . Electrical car inventory Xpeng added greater than 4%. It got here as delisting issues eased because the U.S. received get admission to to vital audit paperwork.

    Guardant Well being — Guardant Well being’s inventory tumbled 30% after it published that its blood assessments to come across colorectal cancers had been much less efficient than the stool-based check made via competitor Actual Sciences. Stocks of Actual Sciences jumped greater than 17%.

    — CNBC’s Sarah Min, Yun Li, Carmen Reinicke, Michelle Fox contributed reporting.

  • Shares making the largest strikes noon: GameStop, Dexcom, Cano Well being and extra

    Investors paintings at the buying and selling ground on the New York Inventory Trade (NYSE) under GameStop signage in New York, August 8, 2022.

    Andrew Kelly | Reuters

    Take a look at the corporations making headlines in noon buying and selling Thursday.

    GameStop —  Stocks of the online game store and meme inventory jumped greater than 8% even after the corporate reported a wider-than-expected loss for the 3rd quarter. CEO Matthew Furlong instructed buyers the corporate “is making an attempt to perform one thing extraordinary in retail … searching for to become a legacy industry as soon as getting ready to chapter,” in a decision Wednesday.

    Dexcom — The maker of glucose tracking methods for diabetes control noticed its stocks upward thrust 4.6% after saying the U.S. Meals and Drug Management has cleared its G7 instrument for folks with all kinds of diabetes ages two years and older. Dexcom expects the gadgets to release within the U.S. early subsequent yr.

    Cano Well being — Stocks of the principle care supplier for seniors shed 19.8% after Bloomberg reported that Daniel Loeb’s 3rd Level bought its ultimate stake because of considerations about liquidity. The hedge fund owned a three.5% place in October.

    Ciena — Stocks of Ciena surged 19.8% after the maker of networking apparatus reported better-than-expected fiscal fourth-quarter effects. The corporate additionally stated it sees “oversized” income expansion in fiscal 2023.

    DigitalOcean Holdings — Stocks rose 6.1% after Needham initiated the inventory as a purchase and stated it expects its consumption-based type and tasks “to land higher consumers and higher mine the marketplace alternative.” It additionally stated the cloud infrastructure corporate’s controlled products and services choices can lend a hand its income expansion within the medium-term.

    Specific — The attire store rallied greater than 38% after saying a strategic partnership with emblem control company WHP International. CEO Tim Baxter stated the partnership will “force higher scale and profitability” and improve its stability sheet

    PVH — The Tommy Hilfiger mother or father added 2.7% after UBS named the corporate a most sensible select. UBS stated it was once probably the most more likely to beat expectancies in income subsequent yr from an inventory of about 40 shares, whilst additionally pronouncing it had religion in its industry transformation plan.

    C3.ai — Stocks won greater than 7% after C3.ai surpassed estimates in its newest income document. The endeavor synthetic intelligence tool corporate reported a lack of 11 cents in line with percentage on income of $62.4 million. Analysts polled by way of Refinitiv had been forecasting a lack of 16 cents in line with percentage on income of $60.9 million.

    Lincoln Nationwide — Stocks dropped 10.1% following observation that Lincoln Nationwide would pause buybacks in 2023 throughout a presentation on the Goldman Sachs Monetary Services and products Convention, in line with FactSet’s StreetAccount.

    — CNBC’s Sarah Min, Carmen Reinicke, Yun Li, Alex Harring and Michelle Fox contributed reporting

  • Shares making the largest strikes noon: Goal, Carnival, Advance Auto Portions, Lowe’s and extra

    Pedestrians cross through a Goal retailer within the Tenleytown community of Washington, DC, on August 17, 2022.

    Mandel Ngan | AFP | Getty Photographs

    Take a look at the corporations making headlines in noon buying and selling.

    Goal – Stocks of the large field store tumbled greater than 13.1% after the corporate mentioned its benefit fell through round 50% in its fiscal 3rd quarter and lower its fourth-quarter outlook, after seeing gross sales gradual in past due October. “As we glance forward, we think the difficult setting to linger past the vacation season and into 2023,” its CFO mentioned on an income name. Different retail names akin to Macy’s, Hole and Nordstrom adopted Goal decrease.

    similar making an investment newsInsurance inventory Oscar Well being is a purchase and will soar just about 40%, Wells Fargo says in improve

    Carnival Cruise – Stocks of Carnival Cruise traces shed 13.7% after the cruise operator introduced it could be offering $1 billion in convertible debt as a part of its 2024 refinancing plan.

    Advance Auto Portions — Advance Auto Portions tumbled 15.1% after reporting lower-than-expected quarterly income after the bell Tuesday. The car portions dealer was once therefore downgraded through UBS, which mentioned the corporate’s steep unit losses recommend “it’s dropping shoppers at a speedy tempo.”

    TJX Corporations — Stocks won 4.1% after the corporate crowned income estimates for the former quarter and named a brand new leader monetary officer.

    Lowe’s Corporations – Stocks of the store won 3% after the corporate reported robust income for the 3rd quarter and stored its steering in position. Lowe’s mentioned the corporate, in contrast to Goal, is now not seeing unfavorable inflation have an effect on on gross sales.

    Eating place Manufacturers Global — Stocks of the Burger King mum or dad corporate popped 6.7% after the corporate introduced plans to rent former Domino’s Pizza CEO Patrick Doyle as government chair.

    O’Reilly Car — Stocks car portions store added 1.1% after the corporate upped its percentage repurchase program through $1.5 billion.

    Etsy – Etsy stocks slipped 4.5% after Evercore ISI put the inventory at the company’s checklist of tactical underperformers, although it maintained its “outperform” ranking on stocks. The company likes Etsy’s long-term possible however sees weak spot within the percentage value within the coming months

    Zoom Video — The video conferencing title dove 4.5% after Citi reduced its value goal at the inventory and maintained its promote ranking. The financial institution additionally lower estimates for the fourth quarter and monetary yr 2024.

    Oscar Well being — The insurance coverage inventory rose fairly upper after Wells Fargo upgraded the inventory to obese, pronouncing stocks can rally just about 40% going ahead. The financial institution mentioned the outlook for Oscar Well being seems to be “favorable” following its year-to-date underperformance.

    Alcon — Alcon’s inventory won 4.6% after the corporate posted a quarterly benefit that simply beat analyst expectancies.

    Lincoln Nationwide — Stocks added 3.6% following an improve to a purchase ranking through Goldman Sachs. The financial institution mentioned stocks may soar greater than 30% from Tuesday’s shut and that the insurance coverage title must get better from an oversized price that in the past impacted traders’ self assurance.

    Sage Therapeutics —The biotechnology corporate concerned with mind well being ended the consultation flat after emerging on information that CEO Barry Greene added 14,500 stocks to his stake, consistent with an SEC submitting.

    Corteva — Stocks slid 2% following a downgrade to impartial from purchase through UBS in what it known as a valuation name. However UBS upped the seed-and-crop product maker’s value goal to $73 in keeping with percentage from $70.

    — CNBC’s Tanaya Macheel, Alexander Harring, Carmen Reinicke and Michelle Fox contributed reporting

  • Shares making the largest strikes noon: Underneath Armour, Robinhood, Peloton, Lincoln Nationwide and extra

    Take a look at the firms making headlines in noon buying and selling Thursday.

    Underneath Armour — Stocks of the athletic attire maker jumped 11.6% after the corporate reported better-than-expected income for its newest quarter, together with income that used to be more or less in step with Wall Boulevard forecasts.

    Etsy — Stocks of the e-commerce platform jumped 12.8% after the corporate posted third-quarter effects that beat expectancies. The platform additionally reported having extra energetic consumers and dealers than estimated by way of StreetAccount.

    Zillow — The inventory jumped greater than 12% after Zillow’s third-quarter income and income beat expectancies. The actual property tech corporate reported income of 38 cents in step with proportion on income of $483 million. Analysts surveyed by way of Refinitiv forecast income of eleven cents in step with proportion on income of $456 million.

    Robinhood — Stocks of the buying and selling app soared 9.7% after the corporate reported a smaller-than-expected quarterly loss in addition to income that crowned analyst forecasts. Buyers additionally cheered that Robinhood reduced its working expense forecast for the total 12 months. The inventory continues to be down about 30% this 12 months.

    Crown Holdings — Stocks of the beverage-can maker jumped greater than 9% after The Wall Boulevard Magazine reported that activist investor Carl Icahn has accumulated an 8% stake in Crown, which makes him the second-largest shareholder. Deutsche Financial institution thinks buyers must observe Icahn’s swimsuit because the company sees a forty five% upside within the inventory.

    Tal Training — The Chinese language training corporate noticed its stocks climb 8% after UBS upgraded its stocks to shop for from impartial. UBS highlighted Tal’s robust topline beat and progressed profitability outlook.

    Royal Caribbean — Stocks won greater than 5.4% after Royal Caribbean reported third-quarter income that beat benefit and gross sales forecasts. The cruise operator earned 26 cents in step with proportion, except positive pieces, on income of $2.99 billion. Analysts anticipated a benefit of nineteen cents a proportion on gross sales of $2.97 billion, Refinitiv knowledge displays.

    Boeing — Stocks of Boeing won 6.5%, an afternoon after the corporate stated it used to be making plans to ramp up manufacturing and deliveries of recent airplane. Boeing additionally expects to have loose money float of $10 billion by way of 2025-2026, in keeping with StreetAccount.

    Fortinet — Stocks dropped 11.8% after Fortinet reported fourth-quarter billing steering that got here in under expectancies. The cybersecurity corporate another way beat benefit and gross sales expectancies, in keeping with consensus estimates on FactSet.

    Constancy Nationwide Data Products and services — FIS tumbled 25% after lacking benefit and gross sales expectancies in its 1/3 quarter, in keeping with consensus estimates on FactSet. The corporate additionally issued “under consensus CY22 steering,” and equipped a wary outlook on the potential of a recession, in keeping with a Thursday word from Wedbush following the consequences.

    Lincoln Nationwide — Stocks dropped 33% after Lincoln Nationwide overlooked income in step with proportion expectancies in its 1/3 quarter, regardless of unexpected to the upside on its gross sales forecast. The insurance coverage corporate used to be downgraded to equivalent weight from obese by way of Morgan Stanley, which stated in a Thursday word that an “oversized fee from the corporate associated with decrease lapses in its person lifestyles insurance coverage operations” will weigh on investor self assurance within the inventory.

    Peloton — The health corporate fell up to 16.1% after it reported a wider-than-expected loss for the hot quarter and shared a disappointing outlook for the vacation quarter. Peloton’s reported income used to be additionally under analysts’ expectancies, falling 23% 12 months over 12 months. The inventory later recovered to industry 1% upper.

    Qualcomm — Stocks of Qualcomm slipped 6.1% after the corporate gave a first-quarter steering that fell under expectancies, mentioning susceptible call for in China and stock issues. The corporate reported adjusted income in step with proportion of $3.13, in step with Wall Boulevard expectancies. Revenues within the quarter have been $11.39 billion in comparison to the estimate of $11.37 billion.

    Roku — Stocks of Roku fell 3.1% after the streaming platform stated it sees decrease fourth-quarter revenues and a bigger loss than Wall Boulevard anticipated. For the 1/3 quarter, the corporate misplaced 88 cents in step with proportion, lower than a Refinitiv forecast of a $1.28 in step with proportion loss.

    Nikola — Nikola stocks dropped 5.4% after electrical heavy truck maker minimize its full-year manufacturing steering, and declined to supply its 2023 forecast. In a different way, the corporate reported a robust third-quarter income file, beating at the most sensible and backside traces.

    Tempur Sealy — Stocks jumped 9% after Tempur Sealy reported a beat on income expectancies for the 1/3 quarter, whilst relatively lacking on income forecasts. The bed maker earned 78 cents in step with proportion on income of $1.28 billion. Analysts anticipated the corporate would file 75 income in step with proportion on $1.29 billion of income, in keeping with consensus estimates from Refinitiv.

    — CNBC’s Michelle Fox, Alexander Harring, Yun Li, Tanaya Macheel, Carmen Reinicke and Samantha Subin contributed this file.