Check out the companies making headlines in midday trading: Ford Motor — The automaker's stock fell more than 17% after reporting second-quarter earnings that missed Wall Street's expectations. Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. However, automotive revenue of $44.81 billion came in above the consensus estimate of $44.02 billion.
RTX — The aerospace and defense supplies manufacturer rallied more than 8% after second-quarter earnings topped estimates. RTX earned $1.41 per share, excluding items, compared to analysts' estimate of $1.30 per share, according to LSEG. The company also posted $19.79 billion in revenue, topping forecasts as well. Lululemon — Shares of the athletic retailer slipped 7% on the back of a Citi downgrade to neutral from buy.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »