Levi Strauss, FuboTV, Honeywell and extra

by akoloy


A person wears Levis Strauss & Co. clothes through the firm’s preliminary public providing (IPO) on the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019.

Jeenah Moon | Bloomberg | Getty Images

Check out the businesses making headlines in noon buying and selling.

Levi Strauss – Shares of the retailer jumped 5% after the corporate beat top- and bottom-line estimates through the first quarter. Levi’s earned 34 cents per share on an adjusted foundation, whereas reporting $1.31 billion in income. Analysts surveyed by Refinitiv have been anticipating the corporate to earn 25 cents on $1.25 billion in income. The outcomes have been boosted by power in Levi’s digital gross sales, which jumped 41%.

FuboTV – The streaming service jumped greater than 18% after FuboTV received the unique streaming rights to the qualifying matches of the Qatar World Cup 2022. The qualifying matches will function 10 groups within the South American Football Confederation.

WD-40 — The inventory tanked 14% after reporting earnings per share of $1.24, 8 cents beneath analyst estimates, in keeping with Refinitiv. Revenue additionally missed expectations. The firm mentioned provide chain points damage its capacity to satisfy buyer demand.

Honeywell – Shares of the conglomerate rose about 2% after Deutsche Bank upgraded the inventory to purchase from maintain. Deutsche mentioned it noticed a horny shopping for alternative after sharp year-to-date underperformance. The financial institution additionally cited engaging end-market exposures, high-quality nature and sure near-term earnings upside.

DraftKings — Shares of the sports activities betting firm popped almost 3% after Jefferies named DraftKings a top pick. The Wall Street agency referred to as DraftKings a “top operator” and chief as states proceed to legalize gaming.

Sogou — The web search firm rose 3.5% on Friday after Reuters reported that China’s antitrust regulators have been ready to approve Tencent’s plan to take the corporate non-public. The $3.5 billion deal would enable Tencent to purchase the 60% of Sogou that it does not already personal.

PriceSmart — Shares of the low cost retailer tanked 7% after lacking analyst estimates for its quarterly earnings. PriceSmart mentioned the pandemic continues to weigh on its enterprise in sure markets. 

Bridgetown Holdings The SPAC backed by billionaire traders Peter Thiel and Richard Li dropped 7% on information it’s in superior talks to take Indonesia-based journey providers firm Traveloka public, according to people familiar with the matter who spoke to Bloomberg. 

Boeing – Shares of the airplane maker fell almost 2% after U.S. airways temporarily grounded greater than 60 of the corporate’s 737 MAX jets on Friday. The transfer got here after Boeing requested 16 carriers who function the jet to deal with {an electrical} energy system situation within the plane.

Okta — The software program firm rose 2.4% after BTIG upgraded the inventory to purchase from impartial. The agency mentioned in a notice that there seemed to be rising demand for Okta’s buyer identification enterprise and that competitors from Microsoft didn’t seem like a near-term risk.

— with reporting from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.



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