— Shares tumbled 10.7% after the marketing and communications company missed revenue expectations, reporting $3.61 billion in the second quarter against a forecast of $3.67 billion from analysts polled by FactSet. The company beat expectations for earnings expectations by one cent at $1.81 per share.— The stock rose 6% after Elevance Health beat analysts' expectations on the top and bottom lines in its second-quarter results. The health insurance provider reported adjusted earnings of $9.
04 per share, better than consensus estimate of $8.78 per share, according to FactSet. Revenue came in at $43.38 billion, compared to the $41.64 billion forecast. Additionally, Elevance said medical enrollment rose by 938,000 members on a year-over-year basis. It also raised its full-year guidance, which also beat expectations.— Northern Trust jumped more than 14% after reporting earnings. The regional bank posted earnings of $1.56 per share, a 16% drop from the same quarter in the prior year.
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Source: MarketWatch - 🏆 3. / 97 Read more »
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