Salesforce, Darden, Blackberry and more

Salesforce, Darden, Blackberry and more

Here, the stocks grab the headlines in the middle of the day.

Salesforce – The software company rose 6.4% in afternoon trading after raising its revenue forecast for the year 2022 to between $ 26.25 billion and $ 26.35 billion. Analysts were expecting $ 26.31 billion. The company also provided a revenue forecast of $ 31.80 billion for 2023, up from $ 31.65 billion.

Darden Restaurants – The Olive Garden parent – up more than 6% in afternoon trading after reporting earnings of $ 1.76 per share, beating its forecast of $ 1.64 per share, according to Refinitiv. The company said 27% of its quarterly sales at Olive Garden were off-premises, indicating that its take-out business is still a significant part of the business even after the lifting of sanitary restrictions for many restaurants across the country. .

BlackBerry – Shares of BlackBerry rose more than 13% after the software company’s quarterly financial results beat Wall Street expectations. According to Refinitiv, BlackBerry reported a loss of 6 cents per share, compared to analysts’ expectations of a loss of 7 cents per share. The company had sales of $ 175 million, with a peak estimate of $ 164 million.

KB Home – Shares of the homebuilder rose 2.1% despite the company’s missing upper and lower third quarter earnings estimates. The revenue forecast was also lower than expected, according to StreetAccount, but Wedbush Securities said in a note that the details of the forecast could cause analysts to raise their earnings estimates.

Norwegian Cruise Line Holdings, Carnival Cruise Line – grew over 6% at Norwegian, while Carnival rose 5.9% amid wide swings in the stock market. Carnival also announced that it is on track to return to 50% of its fleet capacity by the end of October, bringing it closer to its previously announced target of 65% by the start of the season. next year.

Joby Aviation – Shares of the air taxi start-up rose 7.9% after Morgan Stanley began hedging the stock with an overweight stance. The investment firm said in a memo that Joby started getting its developing vehicles certified by regulators earlier than its competitors.

Liberty Global – Shares of the telecommunications group rose 4% after Jefferies moved the stock from holding to buying. The investment firm said in a note that it expects a significant increase in cash flow for Liberty over the next three years.

Shares of the streaming service rose 3% after Roku-Guggenheim improved the stock to buy neutral. The Wall Street firm said Roku’s international expansion and improvements to advertising tools should help complement the company’s core business.

Biogen – Biotech stock rose nearly 2% after Needham began hedging the stock with a buy note. The company is optimistic about Biogen’s controversial Alzheimer’s drug, EduHelm, saying it will be a blockbuster for the company in the long run.

Fisker – The electric automaker’s stock has climbed more than 6% after Tudor Pickering began hedging the stock with a buy rating of $ 19 per target share. The investment firm said its rating was based on projections of meeting schedule targets on production and sales, partnerships and growth milestones.

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