{"id":28342,"date":"2023-10-20T17:23:04","date_gmt":"2023-10-20T17:23:04","guid":{"rendered":"https:\/\/microloannexus.com\/news\/stocks-making-the-biggest-moves-midday-solaredge-regions-financial-merck-and-more\/"},"modified":"2023-10-20T17:23:05","modified_gmt":"2023-10-20T17:23:05","slug":"stocks-making-the-biggest-moves-midday-solaredge-regions-financial-merck-and-more","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=28342","title":{"rendered":"Stocks making the biggest moves midday: SolarEdge, Regions Financial, Merck and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Schlumberger \u2014 The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv. Also, Schlumberger reported 78 cents in earnings per share, beating the analyst forecast by 1 cent. American Express \u2014 Shares slid 3% despite American Express reporting an earnings and revenue beat before the bell. Third-quarter earnings per share was $3.30, versus the $2.94 per share anticipated from analysts polled by LSEG. Revenue came in at $15.38 billion, versus the $15.36 billion expected. However, the company also increased its provisions for credit losses to $1.23 billion, a 58% increase from last year. Merck \u2014 Merck shares gained 2.7% after UBS upgraded the biopharmaceutical stock to a buy rating from neutral, saying investors are underestimating its strong treatment pipeline. Solar stocks \u2014 The solar sector fell broadly Friday, with the Invesco Solar ETF (TAN) declining 6%. Late Thursday, SolarEdge slashed guidance for third-quarter revenue, gross margin and operating income. SolarEdge tumbled nearly 30%, and peers Sunnova and Enphase Energy lost 8% and roughly 15%, respectively. Sunrun lost 5%. Regions Financial \u2014 Shares of the regional bank stock tumbled 11% after Regions reported earnings per share of 49 cents for its third quarter, less than the 58 cents per share expected by analysts polled by StreetAccount. Net interest also fell short at $1.29 billion, versus the $1.32 billion expected. Other regional banks Zions and Fifth Third fell more than 5%. KeyCorp dropped 4.6%. Comerica also lost 6% despite posting better-than-expected quarterly results. Knight-Swift Transportation \u2014 Shares of the transportation company soared 10%. Late Thursday, Knight-Swift beat estimates on the top and bottom lines in its third-quarter report. The company also said it sees full-year earnings of $2.10 to $2.20 per share, compared to estimates of $2.07 per share. CEO David Jackson said in a press release that the less-than-truckload market is showing relative strength. Intuitive Surgical \u2014 Shares declined 2.6% after the surgical systems operator posted a revenue miss late Thursday. Revenue came in at $1.74 billion, versus the $1.77 billion expected from analysts polled by LSEG. However, adjusted earnings per share came in at $1.46, topping expectations of $1.41 per share. \u2014 CNBC&#8217;s Alex Harring, Samantha Subin, Hakyung Kim and Michelle Fox contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/20\/stocks-making-the-biggest-moves-midday-sedg-rf-mrk.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Schlumberger \u2014 The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv. Also, Schlumberger reported 78 cents in<\/p>\n","protected":false},"author":1,"featured_media":28343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-28342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: SolarEdge, Regions Financial, Merck and more | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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