HCA Healthcare, Kimberly Clark, Gap and more

Pedestrians pass a GAP store in New York.

Scott Mlyn | CNBC

Check out the companies making headlines on Friday lunchtime.

American Express – Shares of the payments firm fell 1.1% even as American Express beat earnings expectations for the first quarter. American Express reported earnings of $2.73 per share versus the Refinitiv consensus estimate of $2.44 per share. Revenue was boosted by spending from Millennials and Gen X consumers, the company said.

Verizon Communications – Verizon’s shares fell 6.1% after the company reported a loss of 36,000 monthly phone subscribers in the first quarter, compared to a FactSet estimate of 49,300 losses. Verizon also reported earnings and sales for the quarter that matched Wall Street forecasts.

HCA Healthcare, Universal Health Services, Intuitive Surgical – The healthcare sector was under pressure on Friday, with HCA Healthcare the biggest laggard after reporting disappointing full-year earnings and sales guidance. HCA was down 19%, Universal Health Services was down 13%, and Intuitive Surgical was down about 13%.

SVB Financial Group – Shares in the regional bank rose more than 11% after the company reported strong earnings. SVB Financial Group earned an adjusted $6.22 per share compared to a consensus estimate of $5.60 from FactSet. The company’s net interest income also exceeded expectations.

Kimberly-Clark Corporation — Shares of the consumer goods company rose nearly 9% after Kimberly-Clark beat earnings expectations. The company earned $1.35 per share last quarter versus Refinitiv’s consensus estimate of $1.23 per share. Kimberly-Clark also raised its full-year organic sales guidance.

Schlumberger – Shares rose more than 3% after the oilfield services provider beat earnings expectations. Schlumberger earned 34 cents a share versus analyst expectations of 33 cents a share. Schlumberger also increased its dividend by 40%.

Gap – Shares of the retailer fell about 20% after Gap announced that the chief executive officer of its Old Navy business, Nancy Green, is leaving the company this week. Gap also lowered its guidance for net sales growth this fiscal year.

— CNBC’s Tanaya Macheel contributed to the coverage.

https://www.cnbc.com/2022/04/22/stocks-making-the-biggest-moves-midday-hca-healthcare-kimberly-clark-gap-and-more.html HCA Healthcare, Kimberly Clark, Gap and more

Gary B. Graves

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