Check out the companies making headlines in midday trading. Broadcom – Shares of the chipmaker surged around 12% after the company beat earnings and revenue estimates for the fiscal second quarter and announced a 10-for-1 stock split. Adjusted earnings per share came in at $10.96 and revenue was $12.49 billion. Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion.
Kimberly-Clark – Shares of the Huggies and Kleenex maker advanced around 3% after Bank of America gave the stock a double upgrade to buy and raised its price target. The consumer packaged goods company is facing structural changes ahead, according to Bank of America. Ford Motor – Shares dipped 1% after the automaker ended an expensive electric vehicle dealership program that required U.S. dealers to invest upward of $1 million to sell the automobiles.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »