Stocks making the biggest moves midday: Apple, CVS Health, Clorox & more
These are companies making headlines midday Wednesday, May 1st 2019:
Apple — Apple gained 4.9% after the release of its fiscal second-quarter results. Apple reported earnings of per share of $2.46, 10 cents above a Refinitiv estimate. Revenue also topped expectations. Apple raised its revenue guidance for the next quarter to between $52.5 and $54.5 billion, surpassing analyst expectations.
CVS Health — Shares of the retail pharmacy company jumped 5.4% after the company reported strong first-quarter earnings and raised its full-year forecast. CVS reported adjusted earnings of $1.62 per share versus a Refinitiv estimate of $1.50. CVS also hiked its 2019 profit forecast to between $6.75 and $6.90 per share.
Clorox — Clorox dropped 7.2% after the company reported lower-than-expected earnings. The consumer product company reported earnings of $1.44 per share, 1 cent below a Refinitiv estimate. Clorox cited more competition in in certain markets and said it will be “aggressively addressing” these issues.
Some others companies include Mondelez, Advanced Micro Devices, and Chubb. You can read more at the source, CNBC News.