Shares of Verizon Communications surged after reporting its best wireless subscriber growth in five years. Twilio rallied on an optimistic forecast, while Ericsson tumbled following a fourth-quarter earnings miss. Other stocks highlighted include Novo Nordisk, CSX, Grindr, Texas Instruments, CF Industries, Intuitive Surgical, NextEra Energy, American Express and GE Vernova.
Check out the companies making headlines in midday trading: Verizon Communications — The telecommunications giant saw shares climbing 1.3% after the firm posted its strongest quarterly wireless subscriber growth in five years, boosted by solid demand for its customizable offerings such as myPlan. Verizon reported earnings of $1.10 per share last quarter, matching an average estimate per LSEG. Novo Nordisk — U.S.-traded shares of the Danish pharmaceutical company jumped more than 8%.
Grindr now expects full-year 2024 revenue of between $343 million and $345 million, while analysts polled by FactSet had expected $338 million. Texas Instruments — The semiconductor maker dropped 6.7% after issuing disappointing guidance. The company expects earnings per share to range between 94 cents to $1.16, versus an LSEG estimate of $1.17 per share. CF Industries — Shares tumbled 7.4% following a downgrade from JPMorgan to underweight from neutral.
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