Peter Till, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, November 18, 2019.
Kiyoshi Ota | Bloomberg | Getty Images
Check out the companies that sound in the headlines on Monday at noon.
Palantir – Shares of the software company fell more than 18% after Palantir’s first-quarter earnings were lower than expected. The company reported 2 cents of adjusted earnings per share with revenue of $ 446 million. Analysts polled by Refinitiv expected 4 cents earnings per share on revenue of $ 443 million. According to StreetAccount, Palantir’s recommendations on revenue and adjusted operating margins for the second quarter were also lower than expected.
Rivian – Electric carmaker shares have fallen more than 17% after CNBC announced that Ford Motor will sell 8 million shares as insider stock blocking expires. Ford currently owns 102 million shares of Rivian shares. Shares of Ford fell 4%.
Uber – Shares of the travel exchange company fell 6.4% after CEO Dara Khosrowsahi revealed plans to cut marketing costs and incentives and view hiring as a “privilege,” according to a letter to employees received by CNBC. “It is clear that there is a seismic shift in the market, and we must respond accordingly,” he said.
Cats – shares fell 5.7%, despite declining profits of the cosmetics company. In the last quarter, Coty earned 3 cents a share on revenue of $ 1.19 billion. Analysts polled by Refinitiv expected earnings of 1 cent per share on revenue of $ 1.15 billion. Coty also raised its full-year forecast based on strong consumer demand.
Tyson Foods – Shares of beef and poultry producers rose 1.7% amid better-than-expected quarterly results. Tyson reported earnings of $ 2.29 per share on revenue of $ 13.12 billion. According to Refinitiv, analysts expected earnings of $ 1.91 per share with revenue of $ 12.85 billion.
BioNTech – Shares rose about 5.9% after BioNTech released its first-quarter report better than expected. BioNTech earned $ 14.24 per share on revenue of $ 6.37 billion. Analysts polled by Refinitiv expected earnings of $ 9.16 per share on revenue of $ 4.34 billion.
Twitter – Shares of the social media company fell 1.9% after The New York Times reported on Ilona Mask’s financial goals for Twitter, citing an investor presentation. The billionaire, who buys Twitter for $ 44 billion, aims to increase revenue fivefold by 2028, reduce Twitter’s dependence on advertising and reach 931 million users by 2028, among other tasks outlined in the presentation.
Dish Network – shares fell 1.3% after JPMorgan downgraded Dish to neutral from overweight, citing the fact that “the results of PayTV and wireless are weaker than expected.” Meanwhile, Credit Suisse has upgraded Dish to outperform the neutral, saying it sees a “sufficient side” for the company.
Compliance – Shares of online dating company fell 2.3% after Wells Fargo increased shares to overweight from equal weight. Wells said the shares are “convincing” at current levels.
Virgin Galactic – Shares of Virgin Galactic fell 6.6% as Truist downgraded the space travel company’s rating to abandon the purchase amid fears over additional flight delays.
– CNBC’s Jesse Pound, Tanya Machel, Samantha Subin and Sarah Min contributed to the report
