Check out the companies making headlines for noon deals. 3M – Manufacturing conglomerates increased 8% in the first quarter revenue beat. 3M earned $1.88, adjusted to earnings of $188 million per share, surpassing its LSEG consensus forecast of $1.77 per share and $5.76 billion. RTX – Defense name sank 9%. Despite posting better revenue than expected for the first quarter, management comments to analysts about the expected impact of tariffs rattle investors. CoreWeave – Stock in the artificial intelligence cloud company jumped over 7% after many analysts began compensation for the stock with a comparable rating of purchases or overweight. Jeffreys analyst Brent Till, for example, said the company is “well positioned” to capture the opportunities presented by AI’s “very early innings” buildout. Northrop Grumman – Stock in defense company Dove after the company cut its full-year guidance on earnings per share. Northrop has dropped from its previous range of $27.85 to $28.25, with earnings per share between $24.95 and $25.35. HALIBURTON – Shares in the oilfield services company fell 9.8% after Halliburton said President Donald Trump’s tariffs would affect second-quarter revenues per share from 2-3 cents. CEO Jeffrey Miller said North American customers are evaluating their plans for 2025 as US oil prices fell. Stocks finally fell 5.2%. Trading at car rental companies remained volatile, with stocks rising more than 15%. Bill Ackman’s Pershing Square reveals 19.8% stake in Hertz, with stock ownership and total revenue swaps more than doubled. Ackman said that “uniquely suitable” Hearts were “positioned uniquely” in Trump’s tariff regime as it is likely that the price of used cars would rise. BOK Financial – Shares fell 1.8% after earnings per share that missed Wall Street’s forecast for the first quarter. The bank won $1.86 per share, but the analyst consensus estimate voted by FactSet was $1.99 per share. Zions Bancorporation – Bank stocks were 1.4% lower than expected, just after softer earnings per share, per fact set. Zions won $1.13 per share in the first quarter under a consensus forecast of $1.18 per share. Calix – The technology services company has surged by 12% after posting strong revenue and optimistic guidance. Calix earned 19 cents per share excluding items, earning $220 million. Analysts voted by FactSet stacked pencils at 13 cents per share and pencils at revenue of $207.1 million. Medpace Holdings – The clinical research institution’s stock slipped 4.9% after unveiling a new online business award for $500 million in the first quarter. GE Aerospace – Stocks rose 5% after the release of GE Aerospace’s first quarter financial results. Adjusted revenue was $1.49 per share, beating the $1.27 per share expected by analysts voted by LSEG. However, revenues fell slightly below expectations. Verra Mobility – Travel Technology inventory, a continuation of the Baird upgrade, has popped 4.7% with outperform from neutral. Baird said the company has a “very strong” moat. SPORTRADAR – SPORTRADAR Stocks collected 9% behind Bank of America’s double upgrade and purchased from Under Performance. The bank said Sportradar could benefit from the rise of online sports betting. – Reported by CNBC’s Sarah Min, Michelle Fox, Sean Conlon, Spencer Kimball and Yun Li
