Check out the companies making headlines in midday trading. Charles Schwab – The financial services giant slid close to9% following its second quarter results. The firm reported adjusted earnings of 73 cents per share and revenue of $4.69 billion. These just barely beat estimates, as analysts polled by LSEG were expecting 72 cents earnings per share on $4.68 billion in revenue. The firm also reported a miss on net interest margin, per FactSet.
Systems – Shares of the software engineering services company gained around 4% after Jefferies upgraded the stock to buy from hold. Expecting valuations and earnings have "troughed," the firm says a recovery in discretionary spend and a potential boost in artificial intelligence demand are underappreciated. Rio Tinto – The U.S. listed shares of the mining company fell 2%.
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