Stocks making the biggest moves midday: Merck, Bristol-Myers Squibb, Align Technology and more

by | Oct 26, 2023 | Financial

Check out the companies making headlines in midday trading. Bunge — Shares of the global crop trader and processor popped 5.2% after the company lifted its 2023 outlook and reported better-than-expected profit for the third quarter. Bunge’s earnings were lower year-on-year, however. Comcast — Comcast shares fell 6.3% after the telecom giant reported a loss in high-speed broadband subscribers. Advertising revenue from NBCUniversal was also weak. UPS — The shipping company saw shares decline 5.3% after releasing its third-quarter earnings report, which showed disappointing revenue. Full-year revenue guidance was also slightly below expectations. Hasbro — The toymaker tumbled 10.1% following a weaker-than-expected financial report for the third quarter. Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion. Whirlpool — The home appliance company dropped 15.9% on Thursday after Whirlpool issued full year earnings guidance of about $16 per share. That’s below a StreetAccount estimate of $16.16 per share. Bristol-Myers Squibb — Shares of the drug maker fell 5.7% after the company reported a decline in sales of its popular blood cancer drug, Revlimid, citing generic competition. Merck — Shares added 3.1% after the pharmaceutical company reported third-quarter revenue and adjusted earnings that topped expectations on strong sales o …

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