Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more

CNBC Top News ·

Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more

Here are the stocks making headlines in midday trading. Regeneron — The biotech stock slid nearly 6% after the company reaffirmed its full-year forecast for adjusted gross margin on net product sales …

Here are the stocks making headlines in midday trading. Regeneron — The biotech stock slid nearly 6% after the company reaffirmed its full-year forecast for adjusted gross margin on net product sales of 83% to 84%. Regeneron also said that its board authorized a new $3 billion share repurchase program. GE HealthCare Technologies — Shares tumbled 12% after the company dialed back its forecast for full-year adjusted earnings. GE HealthCare is now calling for a range of $4.80 to $5 a share, compared to its earlier guidance of $4.95 to $5.15 per share. Free cash flow guidance of about $1.6 billion for the full year was also lower than the company's earlier forecast for roughly $1.7 billion. Brinker International — The parent company of Chili's Grill & Bar jumped about 13%. Third-quarter adjusted earnings topped estimates, landing at $2.90 per share versus the FactSet consensus call for $2.86 a share. Brinker raised the lower end of its forecast for full-year earnings, calling for adjusted earnings of $10.60 to $10.85 per share. Seagate Technology — The data storage stock popped 12%. Seagate sees fiscal fourth-quarter revenue coming in at $3.45 billion, plus or minus $100 million, and adjusted earnings of $5 per share, plus or minus 20 cents. That compares to the LSEG estimate of $3.97 per share in earnings and revenue of $3.16 billion. Third-quarter results beat estimates on the top and bottom lines. Memory stocks — Seagate's earnings boosted other names in the memory group too. …

Original source: CNBC Top News

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