Stocks that garnered attention in afternoon trading are:
Salesforce — Software companies grew 6.4% in afternoon transactions after raising full-year 2022 revenue guidance from $26.25 billion to $26.35 billion. Analysts are expecting $26,310 million. The company also provided revenue guidance of $31.80 billion in 2023 from $31.65 billion.
Darden Restaurants — Olive Garden’s parent company — rose more than 6% after reporting revenue of $1.76 per share in afternoon trading, according to Refinitiv. That’s well above the forecast for $1.64 per share. According to the company, off-site accounts for 27% of Olive Garden’s quarterly sales, indicating that the take-out business remains a large part of the business even after health restrictions are lifted at many restaurants across the country. Growth.
BlackBerry — BlackBerry’s share jumped more than 13% after software companies’ quarterly results exceeded Wall Street’s expectations. According to Refinitiv, BlackBerry reported a loss of 6 cents per share, while analysts had expected a loss of 7 cents per share. The company generated revenue of $175 million, exceeding the estimate of $164 million.
KB Home – Share of homebuilders rose 2.1% for Q3 despite lack of top and bottom quotes. Revenue guidance was also lower than expected, according to StreetAccount, but Wedbush Securities said the details of the guidance could force analysts to raise their earnings quotes.
Norwegian Cruise Line Holdings, Carnival Cruise Line — Norwegian rose more than 6%, while Carnival rose 5.9%, amid a wide range of risk-on-shifts in the stock market. Carnival also announced that it plans to return to 50% fleet capacity by the end of October, approaching the previously stated target of 65% by early next year.
Joby Aviation – Air taxi start-up shares rose 7.9% after Morgan Stanley began reporting overvalued shares. The investment company said in a memo that Joby is off to a favorable start in certifying vehicles under development by regulators compared to competitors.
Shares of the telecommunications conglomerate rose 4% after it was bought from Liberty Global — Jefferies’ upgrade and hold. The investment company said in a memo that it expects Liberty’s cash flow to grow significantly over the next three years.
Roku – Streaming service share up 3% after Guggenheim upgraded its stake to buy from Neutral. The Wall Street company said Roku’s international expansion and better advertising tools should help round out Roku’s core business.
Biotechnology shares rose nearly 2% after Biogen-Needham began covering shares in the buyout valuation. The company says it is optimistic on Biogen’s controversial Alzheimer’s disease drug aducanumab and will be a big hit for the company in the long run.
Shares of electric car makers are up more than 6% after Fisker-Tudor Pickering began stock coverage with a share price target of $19 per share. The investment company said its rating was based on assumptions about achieving time-bound targets for production and sales, partnerships and development milestones.
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