Stock Market

A Dollar General store in Creve Coeur, Illinois.
Daniel Acker | Bloomberg | Getty Images

Check out the companies making headlines in midday trading. 

Williams-Sonoma – Shares of the retailer jumped more than 20% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during the period, compared to the consensus estimate of $3.39, according to Refinitiv. Revenue came in at $2.29 billion, ahead of the expected $2.18 billion. The company’s results were boosted by consumers spending more time at home during the pandemic.

Dollar General The discount retailer shares fell more than 6% after the company reported an earnings miss. Dollar General posted quarterly earnings of $2.62 per share, missed Refinitiv estimates by 10 cents. However, the company’s revenue came in above expectations as comparable store sales rose more than expected.

Lordstown Motors — Shares of the nascent electric vehicle company slid nearly 10% after the company reported a loss of 23 cents per share for the fourth quarter. The company also said it had been contacted by the Securities and Exchange Commission regarding a report from short seller Hindenburg Research and its CEO clarified that its pre-orders for vehicles were non-binding.

Signet Jewelers – The jewelers’ stock jumped 7.3% following a solid quarterly earnings report. Signet earned an adjusted $4.15 per share, compared to a consensus estimate of $3.54, according to Refinitiv. The jeweler also posted strong comparable store sales.        

Upstart Holdings – Shares of the consumer-lending company soared 76% after Upstart said it has agreed to acquire Prodigy Software, a provider of cloud-based automotive retail software. Upstart also reported better-than-expected earnings and revenue for the fourth quarter.

Lyft – Lyft shares ticked up 2% after the company said that it recorded the most riders in a single week since the pandemic began. The company also logged positive year-over-year growth in daily ridership for the first time in a year.

Five Below – The discount retailer’s shares slid about 2% despite beating Wall Street estimates in earnings and revenue in the fourth quarter. The company also recorded a 14% spike in comparable-store sales.

AMC Entertainment — The movie theater stock jumped 4.7% after the company announced that 98% of its U.S. theaters will be open beginning Friday. By March 26, 99% of its locations will be reopened.

Palo Alto Networks — The tech stock dipped 3.8% after Palo Alto Networks announced that its chief financial officer was leaving and being replaced internally, effective immediately. The departing CFO, Luis Visoso, is joining Unity in the same role.

— CNBC’s Jesse Pound, Rich Mendez and Pippa Stevens contributed reporting.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Articles You May Like

What caused the huge global IT outage?
Biden administration to invest $5 billion to fix 13 aging bridges
Munis little changed, new-issue calendar remains healthy
Here’s why international buyers are pulling way back from the U.S. housing market
Munis mixed after Biden election bow out