Check out the companies that are trending in intraday trading. Palantir — Shares of the data analytics provider soared more than 24% after the company reported revenue of $608.4 million for the quarter, compared to estimates of $602.4 million by analysts surveyed by LSEG. . Guidance for 2024 was broadly in line with expectations. Coherent — Shares rose 17% after Coherent reported better-than-expected quarterly results. In the second quarter, the materials company posted earnings of 36 cents per share. That beat the 26 cents per share he expected from analysts surveyed by StreetAccount. Revenue was $1.13 billion, slightly above the consensus estimate of $1.12 billion. GE Healthcare Technologies — GE Healthcare Technologies shares rose more than 11% after the company reported better-than-expected results. The medical technology company’s fourth-quarter adjusted earnings were $1.18 per share, beating the $1.07 per share expected by analysts surveyed by FactSet. Revenue was $5.21 billion, beating the consensus estimate of $5.09 billion. Li Automobile — The Chinese electric car maker’s U.S.-traded shares jumped 9% after Deutsche Bank upgraded the company from hold to buy. The bank said the stock is at an attractive entry point following recent poor performance. Spotify Technology — Shares of the music streaming company soared 6% after the company’s price hikes and cost-cutting measures helped narrow its losses in the fourth quarter. Paid premium subscribers also rose 15% to 236 million in the quarter, beating the FactSet consensus. DuPont de Nemours — Chemical stocks rose 6% after DuPont de Nemours reported a quarterly profit that was at the high end of previous expectations and announced stock buybacks and a dividend increase. In the fourth quarter, the company posted adjusted earnings of 87 cents per share, compared to his guidance for earnings of 85 cents to 87 cents. BP — The oil giant’s stock price rose about 6.4% as BP increased its pace of share buybacks as well as dividends. The company said it plans to announce $3.5 billion in share buybacks in the first half of this year. However, BP also saw its annual profit decline. Willis Towers Watson — Shares rose 6% after Willis Towers Watson reported fourth-quarter results that beat analysts’ expectations on revenue and bottom line. The insurance services company reported adjusted earnings per share of $7.44, beating the FactSet consensus estimate for earnings of $7.05 per share. Sales of $2.91 billion exceeded analysts’ expectations of $2.9 billion. Simon Property Group — Shares rose his 5% after Simon Property Group posted strong results in the fourth quarter and raised its dividend. The real estate investment trust reported funds from operations (FFO) of $3.69 per share, beating Street Account estimates of $3.33 per share. The company raised its quarterly dividend from $1.90 to $1.95. CleanSpark — The Bitcoin miner’s stock rose more than 10% midday after the company announced it would acquire three Bitcoin mining facilities in Mississippi and a new mining facility in Dalton, Georgia, and expand its existing Dalton campus. The merger and expansion will allow CleanSpark to double its current operating hashrate, a measure of computing power on the Bitcoin network, during the first half of this year, the company said. United Parcel Service — Shares rose 4.6% after UBS upgraded the shipping company from neutral to buy. The bank said it expects UPS to cut costs to support margin expansion and profit growth. UBS also raised its price target to $175 from $160, suggesting the stock could rise nearly 26% from Monday’s closing price. Check Point Software Technologies — Shares rose 2.4% after Check Point Software Technologies reported fourth-quarter non-GAAP earnings of $2.57 per share, beating the FactSet consensus estimate of $2.47. I did. Sales of $663.5 million exceeded analysts’ expectations of $662.1 million. Check Point has also begun a succession process to find a new CEO, with current Chief Executive Officer Gil Schwed transitioning to the role of Executive Chairman. DocuSign — The software company’s stock fell more than 3% after DocuSign announced it would lay off 6% of its employees as part of a restructuring plan. The company also said it expects these results, when finalized and announced, to “meet or exceed” prior-quarter guidance. UBS — Swiss bank stocks traded in the U.S. fell more than 5%. The bank posted its second consecutive quarterly loss, and its revenue also fell short of analysts’ expectations. Meanwhile, the bank also raised its dividend and announced it would resume share buybacks of up to $1 billion in the second half of 2024. FMC — The chemical manufacturer’s stock fell 10% after FMC reported lower-than-expected quarterly results and issued bad debt. guidance. FMC reported adjusted earnings per share of $1.07 and revenue of $1.15 billion. Analysts polled by FactSet had expected earnings of $1.08 per share and revenue of $1.24 billion. First-quarter earnings and revenue guidance were also lower than expected. Rambus — Rambus stock fell 16% after the company reported a year-over-year decline in fourth-quarter sales. —CNBC’s Michelle Fox, Alex Harring, Ha-Kyung Kim, Yun Lee, Tanaya Machel, Jesse Pound and Pia Shin contributed reporting
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