An exterior view of the Oracle Field Office on Wilson Boulevard in Arlington, Virginia on October 18, 2019.
Tom Brenner | Reuters
Check out the companies that make news in the noon trade.
Oracle: Shares of tech company fell more than 3% after Oracle revenue in the first quarter fell short of expectations. The company reported sales of $ 9.73 billion, which was lower than the $ 9.777 billion forecast by analysts surveyed by Refinitiv. Oracle earned $ 1.03 per share tightly during the period, which advanced the 97 cents expected down the street.
Angi: Home services market shares rose more than 7% after reporting on its August metrics, which showed month-on-month revenue jumped 21% from the previous year . Angi owns Angie’s List, HomeAdvisor and HomeStars, among other brands.
Casino shares: Shares of Las Vegas Sands and Wynn Resorts, both operating in Macau, shrank as investors became more concerned about tougher regulation. According to a Reuters report, the Macau government will launch a 45-day public consultation to review the gaming industry. Shares of Las Vegas Sands fell more than 12%, while Wynn fell more than 11%.
Fox Corp. – Shares of the media firm fell 1.8% after news that the company finalized a deal to acquire TM & TM’s WarnerMedia unit TMZ news platform. The companies did not disclose the terms of the deal, but The Wall Street Journal reported that TMZ is being valued at less than $ 50 million.
Herbalife Nutrition: Wellness supplement company shares fell 15% after Herbalife lowered its focus for the third quarter, citing softer-than-expected sales activity. The company now expects adjusted earnings per share of $ 1.00 to $ 1.20, which is 5 cents lower at each end than the above indications.
Southwest Airlines: Airlines shares fell during the midday trading as economic reopening names weakened. Southwest was 1.5% lower and Delta Air Lines lost 1.6%. United Airlines fell 2%. In addition, Southwest President Tom Nealon will retire immediately from the airline. His departure comes three months after CEO Gary Kelly announced he would retire in January and appointed his longtime executive Bob Jordan as his successor.
General Electric: Shares linked to the economic reopening fell during the noon negotiation. General Electric put industrial stocks in the black, falling 2.7%.
SeaChange International: SeaChange shares rose 6.5% after reporting a lower-than-expected quarterly loss. The video management solutions company lost 3 cents per share, less than the 9-cent loss predicted by analysts. Revenue also exceeded expectations.
– with reports from CNBC’s Pippa Stevens, Jesse Pound, Tanaya Macheel and Hannah Miao.