Check out companies making headlines in the midday deal: Altus Power – Commercial solar provider agrees to buy Altus $5 per share from TPG units valued at $2.2 billion, including debt After that, it rose sharply by 28%. The transaction is expected to close in the second quarter. Ford – Automakers have dropped by 6.5%, reaching their lowest level in four years after issuing Soft 2025 guidance. Management cited “headwinds related to market factors.” Ford broke consensus estimates in the fourth quarter. Honeywell International – The stock lost 6% after the conglomerate said on Thursday it was split into three independent companies under pressure from activist investor Elliott Management. Separately, Honeywell forecasts adjusted earnings of $10.10 to $10.25 per share in 2025, according to FactSet. Eli Lilly – Shares rose 3% following the fourth quarter mixed results for the pharmaceutical company. According to LSEG, adjusted revenues were $5.32 per share, exceeding the consensus estimate of $4.95. The revenue of $13.53 billion was estimated by analysts at $13.57 billion. The results were consistent with preliminary results released last month. Skyworks Solutions – Shares fell 24% after the semiconductor company said president and CEO Liam Griffin would resign. Inseego Executive Chairman Philip Brace will take over the role that begins on February 17th. Separately, Skyworks’ first quarter revenue exceeded estimates, but revenue coincided with what the analysts voted for by LSEG. ARM Holdings – UK semiconductor designers slid 5% despite shattering analyst estimates on third quarter revenue and revenue. ARM trims the top edge of its annual revenue outlook from previous forecasts and currently expects annual revenues between $3.94 billion and $4.04 billion. Yum Brands – Taco Bell and the KFC chain surged 8.5% after fourth quarter revenues fell higher than analyst estimates. Yum posted an adjusted profit of $1.61 per share, but the analyst voted by Analyst by Factset was looking for $1.60. Yum’s revenue of $2.36 billion matched analyst estimates. Health insurance shares fell to 9% after analyst estimates of $5.05 per share in the fourth quarter, according to Molina Healthcare – Factset. However, revenues of $10.5 billion exceeded the estimated $10.28 billion. Helmerich & Payne – The oil and gas drilling company saw the stock by keeping its 15% lower for 52 weeks after quarterly revenue disappointing. Helmerich & Payne’s first quarter revenue was $677.3 million. The FactSet Consensus estimate was $692.6 million. Adjusted revenue beats expectations. Peloton – The athletic equipment company has collected more than 17% after reporting revenues above forecasts in the latest quarter. Peloton reported revenue of $674 million, with analysts voting with LSEG’s forecast of $654 million. Peloton has also stepped up its full-year revenue outlook and is closer to turning profits. Roblox – Videogame stocks sank 11% after fourth quarter results missed expectations with some measures. According to Factset, Roblox reported a $1.36 billion reservation, while analysts had forecast it to be $1.37 billion. Roblox also reported 85.3 million active users per day. This is below the expected 88.2 million. Coherent – Shares rose 13% after semiconductor companies posted second-quarter beats on top and bottom lines. Coherent reported adjusted earnings of 95 cents with revenue of 95 cents per share, earnings of $1.444 billion. That’s over 69 cents in revenues of $1.37 billion per fact set, analysts had expected. Bausch Health – After the Bausch & Lomb unit supplying contact lenses, eye health stock has dropped by 6%. However, in a statement, the parent said, “Full separation is the goal.” Bausch & Lomb shares fell 9%. Ralph Lauren – The luxury fashion company won 11% after quarter adjusted revenue and revenue beat estimates. Ralph Lauren scored a fresh high on Thursday, having his best day since rising nearly 17% in February 2024. Lyft – The ride platform has popped 4% after Thursday announced it would work with Alphabet’s backed startup Anthropic to incorporate new artificial intelligence products to improve users’ ride-sharing experiences. Lyft said it has already incorporated Amazon’s Bedrock Gen AI tools into its Customer Care AI Assistant. Tapestry – The stock added 13%, reaching an all-time high after Kate Spade and his coach parents reported that they estimated adjusted revenue and revenue for the second quarter of fiscal 2nd quarter. Tapestry also raised a year-round outlook. Canada Goose – Winter court makers skated 5% after posting adjusted fiscal third quarter revenues that missed analyst estimates. Canada Goose’s revenues last quarter also dragged expectations. Philip Morris International – Stocks have risen more than 8%, a tobacco producer, for its biggest day-old advance since October. The move comes after Marlboro owners reported results above fourth quarter expectations, boosted by the sale of non-smoking products such as Zyn Nicotine Pouches. Huntington Ingalls – Seafarers plummeted 17% after missing out on fourth quarter revenue and revenue estimates. Stock has been paced on its worst day since October 31st, falling 26%. ArcelorMittal – Stocks have risen 12% after steelmakers raised dividends, saying demand will increase in 2025. Adjusted revenue and revenue for the fourth quarter missed analyst estimates. Freddie Mac, Fannie Mae – Government-sponsored mortgage lenders jumped to 12% and 13%, respectively. Qualcomm – Chipmakers lost more than 4% after Wall Street analysts pointed to headwinds in growth on the horizon. Fiscal quarter results outperformed the expected results, earnings per share of $3.41, resulting in a $10.93 billion consensus aesthetics based on analysts voted by LSEG. In comparison, it surpassed the $2.96 estimate for revenue of $11.67 billion. – Reported by CNBC’s Brian Evans, Michelle Fox, Fred Imbard, Haking Kim, Yoon Lee, Jesse Pound, Scott Schnipper and Pier Singh.
