Daily Market Movers for November 6th, 2019
HP Inc. (NYSE: HP) shares surged by 11% on Wednesday after reports of Xerox (NYSE: XRX) offering a cash-and-stock offer buyout, according to The Wall Street Journal. The Company’s board discussed the possibility on Tuesday and Xerox has an informal funding commitment from a major bank.
Papa John's International, Inc. (NASDAQ: PZZA) shares jumped by 6% on Wednesday after the Company released its third quarter financial results and also announced management restructuring plans. For the quarter, Papa John’s reported earnings of USD 0.21 per share on revenue of USD 403.7 Million. Analysts expected earnings of USD 0.23 per share on revenue of USD 386.9 Million. The Company announced that Max Wetzel, former Vice President, Consumer Brands and Chief Transformation Officer at PPG Industries, will join Papa John’s as the Chief Commercial and Marketing Officer, beginning on November 18.
CVS Health Corporation (NYSE: CVS) shares edged higher by 5% after surpassing analysts’ estimates, boosted by its Aetna business. For the quarter, CVS reported earnings of USD 1.84 per share on revenue of USD 63.81 Billion. Refinitiv analysts projected earnings of USD 1.77 per share on revenue of USD 62.99 Billion.
Humana Inc. (NYSE: HUM) shares gained 3% on Wednesday after reporting better-than-expected quarterly financials. The Company reported earnings of USD 5.03 per share on revenue of USD 16.24 Billion. Zacks Consensus Estimates called for earnings of USD 4.48 per share. Meanwhile, Humana exceeded Zacks Consensus Estimates revenue forecast by 0.55%.
CyberArk Software Ltd. (NASDAQ: CYBR) stock popped by 10% on Wednesday after surpassing earnings estimates and reporting a better-than-expected guidance. For the quarter, CyberArk reported earnings of USD 0.65 per share on revenue of USD 108.1 Million. Analysts anticipated earnings of USD 0.47 per share on revenue of USD 103 Million. For the next quarter, CyberArk is forecasting earnings of USD 0.80 per share at the midpoint of its revenue forecast range of USD 126 Million. Analysts are expecting earnings of USD 0.68 per share on revenue of USD 124 Million.
Match Group, Inc. (NASDAQ: MTCH) plunged by as much as 16% on Tuesday after topping its quarterly earnings estimates, but matching revenue projections. The Company reported a weaker-than-expected guidance, which sent shares lower. However, on Wednesday morning, shares were trading 4.3% lower. For the third quarter, Match reported earnings of USD 0.51 per share, matching estimates. As for the fourth quarter, Match is expecting revenues between USD 545 Million to USD 555 Million, below estimates of USD 559.3 Million.
Uber Technologies, Inc. (NYSE: UBER) stock continued to tumble on Wednesday after a lockup expiration that Wedbush analysts had said would result in more than USD 20 Billion in stock or 763 million shares becoming available for sale. Uber shares fell by as much as 8% during early morning trading hours.