Stocks making the biggest moves midday: SolarEdge Technologies, Pool Corp., Carnival and more

by | Jun 25, 2024 | Financial

Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. The company also revealed in a U.S. Securities and Exchange Commission filing on Monday that a customer won’t be able to pay about $11.4 million that it owes after filing for bankruptcy. Pool Corp . — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. This is lower than its prior guidance of between $13.19 and $14.19 per share and below FactSet’s consensus estimate of $13.05. Pentair and Leslie’s fell in sympathy following the revision, declining about 6% each. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Carnival reported profit of 11 cents per share, excluding items, on revenue of $5.78 billion, while analysts surveyed by LSEG had expected a loss of 2 cents per share on revenue of $5.68 billion. Carnival also offered strong third-quarter and full-year outlooks. Sea Limited — U.S. shares of the Singapore-based consumer internet stock retreated 3.2% on the heels of a …

Article Attribution | Read More at Article Source

[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. The company also revealed in a U.S. Securities and Exchange Commission filing on Monday that a customer won’t be able to pay about $11.4 million that it owes after filing for bankruptcy. Pool Corp . — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. This is lower than its prior guidance of between $13.19 and $14.19 per share and below FactSet’s consensus estimate of $13.05. Pentair and Leslie’s fell in sympathy following the revision, declining about 6% each. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Carnival reported profit of 11 cents per share, excluding items, on revenue of $5.78 billion, while analysts surveyed by LSEG had expected a loss of 2 cents per share on revenue of $5.68 billion. Carnival also offered strong third-quarter and full-year outlooks. Sea Limited — U.S. shares of the Singapore-based consumer internet stock retreated 3.2% on the heels of a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
Share This